The Top 4 Best Payday Loans

One in three college-aged Americans will consider getting a payday loan this year. Many of these people will agree to a staggering interest rate of up to 400%.

If you think obtaining a payday loan is the best option for you, then doing your due diligence is the best course of action.

Here are three of the best payday loans available today.

1. Best Online Payday Loan

CashNetUSA offers payday loans through their online portal. The advantage of heading online for your loan is that you don’t have to wait in line like you would in a retail location.

You can complete the entire process and get approval in as little as five minutes. You do need to reside in one of the 28 states that the site services though.

The rate you will get will depend on the state you live in. For some, CashNetUSA will charge the statutory maximum. For states where there is no maximum, the highest rate they will charge is $25 per $100 you borrow.

2. Best Storefront Payday Loan

If you are the type of person that prefers to do business in person, then you should consider Check n’ Go. When you apply for a loan in their location, you will leave with your money. This is key if you need the money right away.

They have locations in 23 states, giving them decent coverage. The fees vary from state to state, and in some are quite expensive.

3. Best Overall Payday Loan

Check Into Cash is one lender has widespread coverage across the country. Their loans are available in 32 states. They also offer a broad range of services when it comes to loans.

Because of this, you can secure better rates and have more options. Keep in mind that their payday loans are still expensive, though. In some states, you will pay $13 per $100 you borrow. While in others, it is as high as $25 per $100 you borrow.

This lender offers the option of coming into one of the retail locations or securing your loan online.

4. Best Cheap Payday Loan

If you are concerned about getting the best rate, and you should be, Rise is a great option. Their rates tend to be lower than their competitors. They also offer longer repayment terms.

Unfortunately, they only offer loans in 17 states, so their coverage is limited. If you do live in one of the states they service, you can take advantage of the loan and other services they offer.

Sign up for the Credit Score Plus program, and you can improve your credit while paying back your loan. This will set you up to obtain better loan rates in the future.

Get One of the Best Payday Loans

When you decide to secure a payday loan, only borrow what you need. Then only borrow if you know you will be able to pay the money back.

Then choose from this list of the best payday loans. That way, you can set yourself up for the best loan rates possible.

Check out our blog for more tips and advice on securing a payday loan.

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