Internet Payday Loans: which ones are legit?

Internet payday loan offers certainly seem enticing at first glance: get up to $1,500 paid out in cash or immediately deposited in your bank account, bad credit OK, and there's much less hassle than other loans.

It sounds so easy! But choosing a Payday Advance Loan can be difficult if you don't know what to look for. Some of the most important things to consider:

Online Paycheck Advance: What are the best companies?

  • What is the real cost of the loan? Payday loans typically charge extremely high interest rates, and are frequently criticized for use of predatory lending tactics. Make sure you understand exactly how much the interest and fees are going to cost you before you apply for a payday loan online. Be realistic about how quickly you will be able to pay off the loan!
  • What are the lending laws in your state? Many states provide specific regulation of payday loan usury rates, so you will be entitled to different protections depending upon the state you live in.
  • Paycheck Advance Loans usually work electronically. That means the loan company will automatically debit the loan principal (plus their fees) once your paycheck is deposited in your account.

What are the best payday loan companies?

It should come as no surprise that some debt companies are going to treat you more fairly than others. A few of the reputable payday loan providers are:

How to Get Out of Debt in Five Steps

To get yourself out of debt you need a plan, and this article will help you create that plan. It won't always be easy, or very fun, but the reward pays you back ten-fold with less stress, and more discretionary income. (read How to Get Out of Debt)