Is legit or a scam? What you need to know | Logo

Is legit or a scam?

We know that everyone's situation is unique and we aim to help you find the right product for you. We may receive compensation when you visit our partners' sites or are approved for their products. You can read more about how we maintain editorial independence and how we make money here.

Be cautious when taking out a short term loan.

When money is tight, the last thing you need is pressure to divert your hard-earned cash into paying excessive fees and services. offers a way to connect with lenders when you are short on cash and have less than perfect credit.

Is legit?

Yes. While and similar services are not a scam, the payday loans they provide are highly regulated. Laws around short term loans are constantly changing, meaning that this week’s may be different from the next. The legislation is meant to protect consumers by putting caps on the interest and fees that can be charged, as well as limits on the maximum amount that can be borrowed.

LendYou Payday Loans

LendYou Payday Loans

Consider LendYou Payday Loans for a cash advance between $100 and $1,000.

  • Min. Loan Amount: $100
  • Loan Term: Varies
  • Turnaround Time: 1 business day
  • Total Costs: Depends on your credit score and state of residency

    What does have to offer? specializes in matching you with lenders who have offers that fit your needs.

    Here are some key features about short term loans you can get through

    • Loan term. Varies by lender.
    • APR. Varies by lender.
    • Fees. Varies by lender.
    • Maximum loan amount. $1,000.
    • Application turnaround. In minutes.

    How does compare to other providers?

    Rates last updated April 26th, 2018
    Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
    Name Product Product Description Maximum Loan Amount Term of Loan Turnaround Time Requirements
    Check into Cash Payday Loan
    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.
    Varies by state
    1–2 business days
    You must be at least 21 and an American citizen and have a bank account, email address and phone number.
    LendUp Payday Loans
    LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.
    7–30 days
    generally receive the money the next business day
    Be 18+ years of age and have a checking account that can accept electronic transfers.
    CashNetUSA Loan
    Apply for a short-term loan with an easy online application and dedicated customer service.
    Varies by state
    Varies by state
    1 business day
    You must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.
    ACE Cash Express Payday Loans
    Quick payday, installment and title loans with no prepayment penalty and a 72-hour satisfaction guarantee. Funds can be loaded on an ACE Elite™ Visa® Prepaid Debit Card.
    Varies by state
    Varies by state
    Generally receive the money the next business day
    Must be 18+ years old, have a steady source of income and a checking or savings account. Must not be a debtor in bankruptcy.
    LoanByPhone Payday and Installment Loans
    This mobile lender offers convenient cash loans. Apply online or by phone.
    Varies by state
    1–2 business days
    Must be 21 years old and have a Social Security number, a regular source of income, a valid email address, an active checking account and a phone number.
    With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
    3 to 36 months
    Depending on lender requirements, people from all 50 states may not be eligible for a personal loan.

    Compare up to 4 providers

    Is applying online for a short term loan safe?

    Secure servers and databases, as well as 128-bit encryption used by lenders ensure the safety of your personal information. It is still beneficial to stick to lenders that prominently display their contact information, and are transparent with their privacy and security policies.

    Protect yourself from predatory lending

    Though is a legitimate service, there are less reputable providers that come with a higher risk.

    Be on the lookout for:

    • High interest rates. Interest rates can be up to 1386%.
    • Steep fees. Over $100 can be added to the original amount of your loan depending on the lender.
    • Risk of debt spiral. Avoid refinancing amounts of the loan that you are unable to pay back. Late fees, extra charges and damage to your credit can all result from not paying a loan off on schedule.
    • Your information sold. Brokers and similar services sell ‘leads’ to lenders, and these leads include your information. While the lenders are required to keep that information private, it can result in being contacted by lenders long after you have gotten a loan or decided against it.

    Nearly 12 million Americans take out short term loans every year, according to Pew Charitable Trusts. Repeat borrowing is common, to the point that some companies incentivize regular borrowing.

    Paying off a loan within the terms of that loan is extremely important. Make sure that you are able to budget for the cost of the loan in full before you sign any contracts.

    What else do I need to know? is a loan matching service that gets borrowers like you in touch with lenders. This means that you aren’t directly lending from, but a third-party. is a broker that boasts connecting you with lenders you may not reach otherwise. Note that by completing its online application, you are authorizing to share your information with lenders and other marketing partners that could text you, call you or leave prerecorded messages at any number you supply — sometimes long after you’ve applied. Before you apply for any loan, be sure to read the fine print to understand exactly what the lender will do with your information.”

    What other options are available? may not be exactly what you’re looking for, so you may simply want to compare the details of other lenders and matching services. If you’re unsure about getting a short-term loan at all, you can explore payday loan alternatives.

    Was this content helpful to you? No  Yes

    Ask an Expert

    You are about to post a question on

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.

    US Payday Loans Offers

    Important Information*
    Slam Dunk Loans

    Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.

    LendUp Payday Loans

    LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.

    Check into Cash Payday Loan

    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

    OppLoans Installment Loans

    Installment loans with competitive rates from a top-rated direct lender.

    Go to site