You got a letter in the mail. Great. It’s from your landlord, and they’re wanting this month’s and last’s rent that you missed.
How are you going to pay for that failing transmission in your car? And the emergency root canal, because your tooth felt like it was climbing out of your head. Not to mention, where are you going to get the money to eat?
Payday isn’t until next Friday, but these bills have a big, red notice stamp on them. At this point, you’re not even living paycheck-to-paycheck. You’re too far behind for that luxury.
It looks like there’s nothing you can do.
Don’t think you have to swallow your pride. You’re in the company of tens of millions of Americans that need advanced checks.
But be careful. There are sharks in the water. You’ll need these best payday loans to avoid drowning in the deep below.
Forewarning: Stick to the Best Payday Loans
Most financial atmospheres are wrought with fraudsters and con men. These are people that seek less scrupulous gains at the expense of the ignorant and unaware.
Six out of ten Americans have $500 or less in their savings. This exposes a huge population of people to desperation.
The very nature of payday loans no credit check is desperation. Most people only reach for payday loans as a very last resort. Desperation is a level blindness. You want to get a quick loan, but you also cannot make the situation worse.
Don’t look past potentially dangerous, predatory loans. If it’s too good to be true, it likely is.
Fortunately, federal regulations protect this niche market. Uncle Sam is looking out for you, but only under his own jurisdiction.
This hole in security is where these capers flourish.
Avoid payday services that operate in foreign countries. The federal government does not protect against illegal operations outside the US.
Lenders that have storefronts on Native American reservations do not obey state law. These fraudsters don’t want to smoke the peace pipe with you – they want your money.
There are brokers that try to facilitate lending through different parties. If you’re not dealing directly with a payday lender, don’t deal with them at all.
This is a fraudulent loop. Don’t play their game.
Now we’ve warned you. If you decide to stray from our top choices, please be wary.
Don’t Get Caught in a Cycle
The second word of wisdom: be careful with payday loans online no credit check in general.
These are meant as a last resort to stay afloat financially. But every force faces an equal and opposite force.
Payday loans can also sink you.
The very desperate should avoid these types of loans. If you get too behind in paying off payday advances, a cycle forms. Borrowing new money to pay off the last payday loan perpetuates the cycle.
Don’t do this. Be smart when borrowing money.
The Most Widely Available: Check Into Cash
Payday loans are inherently dependency forming. Those who need them will likely need them again in the future. Because of this, state and local governments prohibit lending in many areas.
Check Into Cash is a direct payday lender available in most of the United States. It covers 32 states.
Regulations also impact fees. They’re consumer-protecting. They cap what the lender can charge per fixed amount of lent money.
Their highest rate is 25%. This is a little higher than the national average, but it isn’t the highest fee per vendor.
Check Into Cash has a physical presence that it maintains in most states. But in other states, it only operates as an online lender. There’s a delay in cash advancement when borrowing via online, but none in-person.
Loan Convenience: CashNetUSA
It’s a new era. The human element and socializing face-to-face are going the way of the fax.
Convenience is the new mantra. And many lenders are chanting it.
CashNetUSA is our pick for the best online lender.
The struggles of in-person transactions no longer inundate customers. Lines out the door, paperwork, and commuting have all been replaced with convenience.
One of the greatest conveniences is the speedy approval process. It can take as little as five minutes for CashNetUSA to approve you.
But, this doesn’t mean there’s no delay. The lender has to leap through your bank’s regulations on transferring money. This can sometimes take up to 48 hours.
Aside from being very convenient, CashNetUSA’s fees aren’t bad. Their average rate wavers between $9 for every $100 borrowed to $30 being the maximum.
Honorable Mention: Check ‘N Go
Check ‘N Go is a direct payday lender no third party available almost as widely as Check Into Cash. Its reach spreads across 28 of the 34 states that allow payday loans.
It has a physical storefront in each of these states. For those that don’t like to wait for transfer deposits, that’s good news. You can go in without money and leave with it.
The lender also caters to those the lazy-borrower. It, too, has an online portal so you can get pre-approved an get your payday same day cash.
Their fees are average. But that’s pretty standard. All loaners are looking for a profit, their prices will always be similar.
Their fees range from $10 per $100 borrowed to $30. Remember, these fees are dependent on your location. Each state has a different cap (or none at all!).
We gave this lender third place because it’s so average. It doesn’t excel in being widespread, and its online faction isn’t the best. Those claims belong to Check Into Cash and CashNetUSA.
Show Me the Money
Payday loans should be an ultimatum. They’re for when your budget has stretched past its limits. When you have to decide between eating and getting your car fixed.
But tread carefully. There are predators in this world, and they’re hungry for your money. Don’t fall victim to fraudulent loans. Lenders that aren’t under US sanction should be avoided.
When you’ve found the best payday loans for you, remember to borrow with caution. These things feed on your desperation; don’t get trapped in the cycle.
Check Into Cash is the largest provider of payday loans. Their coverage almost encompasses the entire 34 legal states.
CashNetUSA is the future of payday loans. Its physical presence is meager, but their online portal is their pièce de résistance.
Check ‘N Go is the best of both worlds. It’s a jack of both trades (physical and online), but a master of neither.
Need some more help deciding your lender? We’re here to lend a hand! Here are some other articles you might find helpful: