LendYou Payday Loan Review | finder.com

LendYou short-term loans review

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Find a lender that offers cash advances between $100 and $15,000.

LendYou is a loan connection service that works with lenders that can help you secure a cash advance. If you need some extra funds to help with a car payment, large purchase or any unexpected expense, LendYou’s lender network might be able to help.
Product NameLendYou Short-term Loans
Min Loan Amount$100
Max. Loan Amount$15,000
Loan TermVaries
Loan SecurityUnsecured
Turnaround Time1 business day
CostsDepends on your credit score and state of residency
RequirementsYou must be a US citizen or permanent resident, age 18+ and have a regular income.

Pros

  • Simple application
  • Quick decision
  • Bad credit OK
  • Age 18 or older
  • US citizen
  • Checking or savings account with direct deposit
  • Income of at least $1,000 per month

How does LendYou work?

LendYou is a loan connection service that works with a number of independent third-party providers. Once you apply, your application is sent to LendYou’s affiliate lenders. If a lender thinks your a suitable candidate for a loan, you may receive a loan offer.

You can apply for a loan up to $15,000. The amount you’re approved for depends on the lender you’re connected with, the information you provide in your application and your state.

Features available from LendYou

  • Generous loan amounts. LendYou has lenders in its network that offer loans up to $15,000.
  • Minimal restrictions. Provided you use your loan funds for a legal purpose, there are very few restrictions on how you can use your loan.
  • No collateral. Loans from LendYou’s network are unsecured so you won’t need to provide an asset when you apply.
  • Bad credit is OK. The lenders LendYou connects you with accept applicants bad credit. As long as you have the ability to repay your loan, your score won’t play a large role in your approval.

How does LendYou compare with similar providers?

Check the websites of any providers you’re interested in to confirm they operate in your state of residence.

Rates last updated November 14th, 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 Max. Loan Amount Turnaround Time Requirements
BadCreditLoans.com
With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
$5,000
Varies
Depending on lender requirements, people from all 50 states may not be eligible for a personal loan.
LendYou Short-term Loans
Apply online with this loan-connection company offering unrestricted short-term loans at high maximums — fast turnaround.
$15,000
1 business day
You must be a US citizen or permanent resident, age 18+ and have a regular income.
CashAdvance.com Payday Loans
Whether for emergencies or unexpected expenses, this provider may be able to connect you among its nationwide network of lenders.
$1,000
1–2 business days
You must be at least 18 years old with take-home monthly income of at least $1,000 after taxes.
Slam Dunk Loans
Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.
$2,500
As soon as next business day
Must be employed, receive regular income, earn at least $800 a month, have a checking account, be 18+ yrs old and a US citizen.
TriangleCash Payday Loans
If you have bad credit or no credit history, apply to be connected to a network of lenders for funding at rates that vary by state.
$1,000
As soon as next business day
You must be a US citizen, at least 18 years old, and have a valid bank account.
LoanSolo.com Payday Loans
Potentially get connected with a legit lender offering convenient payday loans and quickly get funds.
$1,000
As soon as one business day
You must be 18+ years old, legally work and live in the US, have a bank account in your name and be employed with sufficient income.

Compare up to 4 providers

Costs to consider

LendYou doesn’t charge a fee when you use its service. However, if you’re approved for a loan and choose to accept the terms, you’ll be charged interest and fees for your loan. LendYou’s partner lenders could charge up to 1,386% APR for a short-term loan, which can often make even small loans difficult to repay. Be sure to take these costs into consideration before you agree to the loan.

Is Lendyou.com legit?

Yes. LendYou is a legit loan referral service that connects borrowers to potential lenders. While it doesn’t make any decisions regarding your loan acceptance, it still abides by the Online Lender Alliance (OLA) list of Best Practices. This keeps your needs as a borrower in mind when it comes to short-term lending practices.

Is LendYou safe to use?

Yes. LendYou is an accredited member of the Online Lenders Alliance (OLA). Members of the OLA abide by a Code of Conduct and Best Practices to help ensure customers are fully informed and treated fairly. To help secure your personal information, LendYou utilizes 128-bit Secure Socket Layer (SSL) encryption technology.

Keep in mind that as a loan connection service, LendYou will share your personal information with providers in its network and possibly with marketing companies.

How do I apply for a loan?

The online application for the LendYou loan should take you a few minutes to complete.

Eligibility requirements

While each of LendYou’s providers have different requirements, these are the typical minimum eligibility criteria:

  • Earn a minimum regular income of $1,000 per month
  • Have a valid checking or savings account with direct deposit
  • Meet or exceed the minimum age requirement for your state
  • Be a US citizen or permanent resident

Steps to submit a loan application through LendYou

  1. Go to LendYou’s website.
  2. Select the type of loan you want: Cash advance loan, installment loan or personal loan.
  3. Enter the last four of your Social Security number, your email address, zip code and year of birth.
  4. Click Get Started.
  5. Complete the full application to get a decision in minutes.

What information will I need to submit?

You’ll need the following details on hand to complete your application:

  • Personal details, including your name, date of birth, and Social Security number.
  • Your employment information.
  • Details about your financial situation, including how much your are paid and when.
  • Your personal contact information, including your residential address, phone number and email address.
  • Your bank account information.

Bottom line

LendYou gives its users a chance to fill out one application and see which loans they qualify for. This helps you make an informed decision regarding your finances, however you still need to compare your options. Short-term loans have high costs associated with them, so it’s best to look for a lender that can offer your the best rate.

Are payday loans available in my state?

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