With the hundreds of cash loan websites, it can often be hard to find a good one that does what it says it does. Even though these websites aren’t the ones lending you the money(they partner with banks to provide the small loans), it does matter which site you pick. Some sites approve the cash loans fast there others, different sites allow different loan amounts, and sometimes the interest rates vary as well. Below are some of the top lending services based on country.
United States Cash Loan Providers
| Company | Loan Amount | Interest Rate | Restrictions | Website |
 |
Up to $1500 | $100-$150/per $1000 loan. | US Only; Job Required | www.60minutepayday.com |
 |
Up to $1000 | Depends on loan provider, personal credit, etc. Usually between 10%-20% | US Only. State restrictions: GA, VA, WV & OH | www.teamquickcash.com |
United Kingdom Cash Loan Providers
| Company | Loan Amount | Interest Rate | Restrictions | Website |
 |
£80-£750 | About 20% | UK Only; Job Required | www.paydayuk.co.uk |
Important note:
Payday Loans are definitely a great option if you are about to miss a car or house payment. That said, it is really not a good idea to rely on payday loans every month. In fact, I highly recommend you not get one unless you have no other option. Since small cash loans are considered high risk, loan interest rates are often really high - usually about 20%.
Never miss a payment!
The good thing about these services is that they usually automatically deduct the loan payments out of your bank account for you. However, if you miss one of these payments do to lack of funds, you will start to see an increase in your interest rate. Sometimes they can jump from 20% to 30% or even 40% interest if you miss even one payment. Because of that reason, it is important that you always have funds in your account to repay your loan. Also, I recommend you pay off your loan as soon as possible as this will really help you save money on interest payments.
May 14th, 2009 at 2:18 pm
[...] I also compared the top lending sites based on where you live. Check out my comparison guide here. [...]
May 16th, 2009 at 6:43 pm
[...] I also made a comparison guide of all the top small cash loan lenders available online. Check out my comparison guide here. [...]