Three alternatives to this defunct lender.
You’ve likely stumbled across ActionPayday while looking for a short-term loan. Though it’s no longer in business, there are several alternatives out there that can help you get cash fast — even if you have bad credit.
Can I still get a short-term loan from ActionPayday?
No, ActionPayday is no longer in business. It previously offered loans of $100 to $1,500 to borrowers with less-than-perfect credit. But with its website down and no way to contact its customer service team, you’ll have to rely on alternative lenders going forward.
If you already had a loan with ActionPayday, you should have received instructions for how to make repayments now that it’s out of business. If you didn’t, try reaching out to the Consumer Financial Protection Bureau for help.
Top 3 alternatives to ActionPayday
ActionPayday may not be offering loans, but you still have options if you need cash fast:
CashNetUSA is a direct lender that offers payday loans, installment loans and lines of credit to borrowers of all credit types. The type of loan you can apply for — along with the loan amount — depends on your state of residence. But provided you have a regular source of income, you may qualify for a short-term loan through this lender.
- Loan amounts: $300 to $3,000
- APR: Varies by state
- Loan terms: Varies by state
CashNetUSA isn’t available in Arizona, Arkansas, Colorado, Connecticut, Georgia, Indiana, Iowa, Kentucky, Maryland, Massachusetts, Montana, Nebraska, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, South Dakota, Vermont, West Virginia or Washington, DC.
LendYou is a short-term loan connection service that connects you with multiple lenders at once. You simply need to fill out a quick online form, though you need to make at least $1,000 a month to qualify. And you’ll likely need good to excellent credit to borrow the highest loan amounts.
- Loan amounts: $100 to $15,000
- APR: Varies by lender
- Loan terms: Varies by lender
LendYou doesn’t list its state availability, but you may not be connected with a lender if you live in a state where short-term loans are illegal.
CashAdvance.com is a short-term loan connection service run by the Ute Indian Tribe. Unlike some connection services that limit the lenders in their networks, CashAdvance.com works with both state-based and tribal lenders. This wider selection means you may have a better chance of being approved for a loan. However, you’ll need to bring in at least $1,000 a month to qualify.
- Loan amounts: $100 to $1,000
- APR: Varies by lender
- Loan terms: Up to 12 months
CashAdvance.com isn’t available in Arizona, Arkansas, Connecticut, Georgia, Maine, Maryland, Massachusetts, Montana, New Jersey, New York, North Carolina, New Hampshire, Oregon, Pennsylvania, Texas, Utah, Vermont, West Virginia or Washington, DC.
Short-term loans are expensive forms of creditBecause short-term loans are geared toward people with bad credit, they’re often quite expensive and result in many paying double — or even triple — the amount borrowed in interest and fees. You may want to consider these short-term loan alternatives instead that can often be more affordable.
Compare more short-term loan options
ActionPayday may be out of business, but that doesn’t mean you don’t have options available if you need cash fast. CashNetUSA, LendYou and CashAdvance.com all may be able to help if you’re on the hunt for a short-term loan.
Not sure any of these providers are right for you? Compare your other short-term loan options before making a decision.