Best payday loans 2020

Best payday loans 2020

It can be hard to find the best online payday loans. There are many payday lenders that you can choose from and the easiest way to find the right loans is to do your research. It is important to compare different lenders. Ask each payday lender questions in order to find the one who offers you the best loan deal. The questions that you ask can vary depending on your needs, but there are three questions that you should always ask.




Super-efficient delivery of fund with industry-standard rates

Equivalent APR offered: 391% | BBB rating: B- | Trust Pilot rating: 4.6/5 | States: 30 | Physical stores: 0 | Telephone: N | Online: Y

Very well established company
Speedy processing from quote to delivery of funds
Free online resources

CashNetUSA has been in business since 2005, which makes them one of the more established companies in the payday loans industry.

The company specializes in short-term, single installment loans for customers with low credit scores and also offers lines of credit to be paid back in installments for eligible customers. It is actively operational in 30 states, making it among the biggest of its peers and offers loans to first-time customers of between $100 and $3,000. Be aware though some states have a lower maximum loan amount and customers should check this information before they apply.

CashNetUSA’s rates fall into line with industry averages, and it has a very quick processes for approvals and delivery of funds to customer accounts, sometimes within the same business day. It does have some resources to help people trapped in a cycle of debt, with access to online savings programs via its commercial partners, and a wealth of financial education modules that should also be a boon to customers.

LendUp – Best payday loans 2020

LendUp Payday Loans Review


An attractive and ethical option above other companies

Equivalent APR offered: 391% | BBB rating: A+ | Trust Pilot rating: 4.8 | States: 7 | Physical stores: 0 | Telephone: No | Online: Yes

Competitive rates
Single payment and installment options
Cheaper rates for repeat customers
Customer finances will be analyzed by a third party

LendUp is an online loan company that specializes in making smaller loans – both single payment and installment loans – for short periods of time.

It’s aimed at borrowers that do not necessarily have a good credit score or indeed any credit rating, with LendUp offering customers a range of tools and pathways to better credit scores, which can result in lower interest rates if the customers continue to use the company’s products.

LendUp was founded in 2012 in San Francisco and is an attractive option, with competitive rates compared to other short-term lending companies, and rewards regular customers who repay loans on time or who take some of its free financial education courses. LendUp’s stated aim is to interact with customers ethically and it does not promote ‘rollover’ loans to trap customers in a cycle of debt.

Check Into Cash – Best payday loans 2020

Check Into Cash Payday Loan Review

Check Into Cash

Straight forward quote process, but cheaper options available

Equivalent APR offered: 399% | BBB rating: A+ | Trust Pilot rating: 4.4/5 | States: 30 | Physical stores: 1,100 | Telephone: N | Online: Y

1,100 physical storefronts across 30 state
Straight forward quote process
Online applications usually approved within an hour
Rates are average, but cheaper options can be found

Check Into Cash was founded in 1993 in Tennessee. The company is a direct lender with physical stores across 30 US states as well as phone and online services. It specializes in providing online payday loans, in-store cash advances, in-store title loans, and check cashing among other financial services.

It typically serves customers who have come up against unexpected expenses, need to get an advance on a pay check or who have other short-term financial assistance needs. The company offers loans to people with low credit ratings and its loan amounts range from $50 to $1,000, although brand new customers can usually only borrow up to $750 (or their state maximum).

Check Into Cash is a relatively well-known brand and the large number of physical storefronts is reassuring to many customers. Its rates fall well in line with industry averages, and funds can be made available immediately for customers applying for payday loans in person. It is as reputable as any of the major names in the industry, backed up with a clear commitment to best practices and ethical behaviour.

Check ’n Go

Check 'n Go Payday Loan Review

Check ’n Go

Fairly average loan company with industry average rates and practices

BBB rating: A+ | States: 27 | Physical stores: 1,000 | Telephone: Y | Online: N

Over 1,000 physical storefronts nationwide
Interest rates that fall well within the industry averages
Good evaluations from official bodies, including CFSA
No late-fees are listed, so check on application

Check ’n Go began as physical stores before branching out into online loans as the internet became more widespread.

Check ’n Go is operational in 27 states across the US, with well over 1,000 physical storefronts, making it a good option for people who want to deal with the lenders in person.

First-time customers at Check ’n Go can apply to borrow from between $200 to $3,000 for one month, though some states have a lower maximum loan amount and customers should check this information before they apply.

On the face of things, Check ’n Go is a fairly average loan company with industry average rates and practices. It is represented in a good number of states, but by far their biggest advantage is its sheer number of physical storefronts. Many customers with low credit prefer to deal with their loan managers in person, and this also means that funds can be delivered into a potential customer’s checking account faster than over the phone or via an online application.

Check ’n Go has a good rating with the BBB and Trustpilot, and its membership of the CFSA is a positive sign.

Oportun – Best payday loans 2020



Responsible lending at a very acceptable rate

BBB rating: A+ | Trust Pilot rating: NA | States: 12 | Physical stores: 0 | Telephone: N | Online: Y

Claim to be ethically better than rivals
Offers both single payment and installment plans
Access to free financial education services
Only operate in 12 states

Oportun has issued over 3 million loans since it began trading in 2005. The company states that it only lends responsibly, meaning that the customers’ ability to make repayments is strongly considered before a loan is made. It claims to offer affordable repayment plans and accept payments in multiple forms, as well as promoting civilized customer service and not hiding any fees. It also offers pathways to improved credit scores via on-time payments and the like.

In terms of interest rates and customer service, Oportun is relatively straightforward and easy to deal with. As a company it espouses only giving loans to those that can afford the repayments and it looks to have policies in place (such as proof of income) to help make this a reality. Its financial education and management resources are free and available to all potential customers and it works with nationwide credit bureaus to help customers with no or very low credit ratings to establish a more advantageous position for the future.

Rise Credit – Best payday loans 2020
Rise Credit Payday Loans Review

Rise Credit

Works to make repayments affordable, but more expensive than other options outside of payday loans

BBB rating: A+ | Trust Pilot rating: 4.6/5 | States: 31 | Physical stores: 0 | Telephone: N | Online: Y

Can improve your credit rating
Free financial resources online
Program rewards on-time loan repayments
Rates more expensive than options outside of payday loan companies

Rise Credit states that it looks to work with customers to make repayments affordable and avoid some of the more predatory and exploitative practices of the payday loans industry in general.

Rise Credit has been in business since 2014 and provide loans ranging in size from $4,500 to $5,000, as well as operating in 31 of the United States.

Rise Credit is a relatively ethical loan company that backs up its products with plenty of resources to help customers manage their finances. Its rates, while still more expensive than other options outside of payday loans, are competitive and its lack of prepayment penalties and pathways to better credit scores are definitely a plus.

Speedy Cash – Best payday loans 2020

SpeedyCash Payday Loans Review

Speedy Cash

Lower charges but slightly lower loans amounts too

BBB rating: NA | Trust Pilot rating: 4.6/5 | States: 14 | Physical stores: 200 | Telephone: Y | Online:

Lower repayment charges
Online, telephone and physical touchpoints
Support for customers with low credit
No Better Business Bureau rating

Speedy Cash began operations in 1997 in California and has grown to operate in some 28 states as of the time of writing. As well as developing telephone and online touchpoints, Speedy Cash maintains a good number of physical storefronts, with just over 200 locations across 14 of those 28 states.

Payday loans are available from $100-$500 though these figures do depend on the individual state laws regarding maximum loan amounts. Speedy Cash has a few elements that make them worth considering if looking for a payday loan. Firstly, its rates were slightly lower than average, although the amounts available to borrow were slightly less than other companies in the same industry.

Secondly, it has physical storefronts in half of the 28 states where it is active, which makes it useful for customers who would rather talk to someone in person about their loan application (decisions and delivery of funds also tend to be quicker in general at actual stores). Although it doesn’t have a Better Business Bureau rating, it scores highly on Trustpilot and its membership of the CFSA speaks well of it as there’s at least a nod to ethical behavior.


Read about Loans:

Read about ICO Rating


Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?