PayDay Loans Resource

A payday loan is a short-term, usually small loan originally designed to cover unexpected expenses until your next paycheck arrives. Payday loans are controversial, however, because they are often lent at very high interest rates and with hidden terms which some consider to be exploitative.

Who We Are

Our website was founded with the objective of being a reliable and independent source of information for consumers interested in pay day loans. To that end, you will find that we have compiled the latest and most informative statistics, articles, and advice pertaining to payday loans for your convenience.

Objective Information

You will not find any payday loans or similarly related products or services offered on this site. We exist simply to provide you with unbiased and accurate information pertaining to the different types of payday loans you may come across. Our goal is to encourage the public to make smarter decision through objective, non-sales motivated information.

Types of Payday Loans

There are a number of different types of payday loans:

Online PayDay Loans – One type, known as the “online payday loan,” is similar to a regular payday loan with the exception that the whole process is completed online. With this kind of loan, the amount you are borrowing will be transferred by direct deposit into your account. It is then automatically withdrawn from your account, along with the interest you have accrued, once your next payday comes.

No Fax PayDay Loans - Another type of payday loan is referred to as the “no fax” or “faxless” payday loan. Many people like faxless payday loans because they are very easy to attain and can take little to no time at all to complete. You do not have to fax your bank all of your personal information; instead, you simply fill out an application online or speak with someone on the phone who can take down all of your account information.

Traditional PayDay Loans – This payday loan typically takes place via a face to face transaction in a store-front. There are a number of national chains as well as local companies which offer these loans. While the terms differ from company to company, these loans typically involve a more comprehensive credit check.

To learn more about payday loans and what they entail, we invite you to peruse our site and contact us with any questions you may have.