Online Payday Loans Near Me - No Credit Check Bad Credit Loans

Payday loans in the United States can be found in many places store-front and online. While most states consider them as legal and have some financial institution guiding the regulations behind them there are few states where these are not legal. Saying that a consumer can easily find many sources of payday loans near them by simply searching on the internet.

 

Before we get into how to search for “payday lenders near me” lets first understand what payday loans are. A Payday Loan is a short-term loan that allows the borrower to get a small amount of cash for a short-term and a high rate of interest. You can think of this loan as a cash advance on your salary.

 

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Every state has their own sets of rules and caps defined on the various factors of the loan. Some of the details a consumer needs to know before getting a payday loan are:

 

• Principal Amount – Though the maximum and minimum amount may vary from state to state, this amount for a borrower is usually a percentage of their monthly salary.
• Term – These loans are short-term and can vary from 2 weeks to a month. Some states may have a longer tenure or may provide borrowers the provision to extend the loan.
• Interest rates – Very High, irrespective of the state rules interest rates for payday loans are on the higher side with a minimal APR of around 400%.  Along with interest, there are other fees like processing fees, collection fees, and rollover fees, however, these are generally capped by the government in some manner.

 

Payday loans near me

 

Finding a payday lender near you is as easy as searching the internet for any other item. Simply go on the internet and search for a payday loan in your state. If you are not in the position to look for them on the internet, you will find ads for many lenders on the TV, radio the mall and any other local stores. However, while many of these lenders may be easily available near you please ensure you check the license information and the legality in your state before going for this option. The legal status can usually be found on the state government websites.

 

Common online Payday lenders in Illinois, Houston Texas, Colrado Springs United States

 

• PaydayLV.com - Online Payday Loans for All States
• Cash net USA – Online, available in 28 states. Maximum loan amount given is $1500.
• Check into Cash – Online and store-front, available in 32 states. Maximum loan amount given is $1500.
• Advance America – Online and store-front, available in 28 states. Maximum loan amount given is $1000.
• Speedy cash – Online and store-front, available in 27 states. Maximum loan amount given is $1000.
• Check n Go – Online and store-front, available in 28 states. Maximum loan amount given is $1500.

These are just a few direct lenders, there are many more available online with different options and features available to attract borrowers. However again we must warn you that if not necessary you should not take a payday loan and instead look for some alternatives.

 

Alternatives for payday loans:

 

• Good financial planning – Always have a rainy day fund. This is an option that can be used only if you are smart about your finances always. If needed you must go for credit counseling options available to understand your financial status and how to improve it. A simple thumb rule “keep your cash outflow less than your cash inflow” can help you keep you away from the need of a payday loan.
• Bank loans – Banks offer different types of loans, avail those as they may take some time to process however will be less cheap in terms of interest rates and finance charges.
• Cash on Credit cards – This is also a costly option, however, this option is as easy as walking in an ATM and withdrawing the amount you need. However, every consumer has only a specific amount of cash they can withdraw against a credit card.
• Take help from family and friends.