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What is the Online Lenders Alliance?

The Online Lenders Alliance is the leader in the industry in protecting online lenders and consumers by setting new standards for providing loans.

With all the controversy surrounding short-term loans these days, it can be hard to know if the terms you’re getting are fair. If you are considering going through an online lender, make sure they are members of the Online Lenders Alliance (OLA). This is a great way to ensure that you are finding trustworthy lenders.

What does the Online Lenders Alliance do?

The OLA is not only a center that represents the online lending industry, but also a resource for consumers to inform themselves and find reputable online lenders.

All lenders with an OLA membership must adhere to a strict code of conduct known as the Online Lenders Alliance Best Practices. These guidelines guarantee that customers looking for short-term online loans will be treated fairly. Aside from making sure lenders are compliant and providing information to consumers, OLA offers other resources, such as an information hotline, a platform to report fraud, consumer tips and more.

Some members of the Online Lenders Alliance we review

OLA MemberFeatures
100DayLoans100DayLoans is a service that can connect you with loan provider that’s willing to work with you no matter your credit history.
AssurancePayday.comAssurancePayday is a lender-connecting service that can help you find a loan from $100 to $1,000.
AutoTitleLoans.comAutoTitleLoans.com helps you find an auto title loan from $1,000 to $35,000.
Blue Trust LoansBlue Trust Loans is a tribal lender offering up to $2,000. If you live in a state where payday loans are illegal, then Blue Trust Loans may be an option for you to consider.
CashAdvance.comCashAdvance is a service that works to connect you with lenders offering up to $1,000 in payday and installment loans.
CashNetUSACashNetUSA provides payday loans, installment loans and lines of credit to customers all across the US. The amounts vary, so browse our page to see how CashNetUSA can work for you.
Check CityCheck City operates in multiple states and offers loans you can pick up in-store or receive directly into your bank account. Check your state to see how much you can borrow.
NetCreditNetCredit is dedicated to helping people with bad credit improve their score by offering personal loans up to $10,000.
NetLoanUSANetLoanUSA is a service that can help you find a lender willing to work with you despite a bad credit history.
OpenCashAdvance.comOpenCashAdvance.com helps connect you with providers of installment loans. You can find a lender willing to finance you for up to $5,000.
Personal Money StorePersonal Money Store connects you with lenders offering payday loans, installment loans and personal loans. You can borrow a little or a lot, and your credit isn’t the biggest concern.

Get a short term loan from one of these OLA members

Rates last updated November 17th, 2017
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
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.
NetCredit Installment Loan
Build a positive credit history with on-time payments and flexible repayment terms. Check your rate without affecting your credit score.
Varies upon state
1-3 business days
Must be 18+ years old, a legal resident of the US and have a Social Security number. Minimum credit score of 550.
Blue Trust Loans Installment Loans
Get an installment loan from an online tribal lender. Perks for returning borrowers.
6 months
As soon as next business day
Must be at least 18 years old and have a verifiable source of income with direct deposit into your checking account.
Check City Payday Loan
Apply for a fast, secure and confidential payday loan — even with less-than-perfect credit.
Depends on state of residency
Varies by state
Next day
You must have a checking account, photo ID and steady income.

Compare up to 4 providers

What are the OLA Best Practices?

The Online Lenders Alliance Best Practices are a set of guidelines in place to ensure that online lenders are meeting industry standards and regulations.

  • Explaining loan terms to customers in a way that is clear and easy to understand to ensure they are making education financial choices.
  • Providing a reasonable cancellation policy in case consumers change their mind about the loan.
  • Never engaging in any misleading advertising, unfair or deceptive activities.
  • Providing referrals, credit counseling, education and assistance to consumers.
  • Protecting all customers’ personal information and making sure that all vendors/members will also protect personal data.

Please visit the Online Lending Alliance (OLA) website for a complete list of best practices.

OLA Global

The Online Lenders Alliance has a presence in the United States, the United Kingdom and China.

In the UK, OLA has partnered with the Consumer Finance Association (CFA) to protect online lenders and consumers. Many of the CFA’s companies are long time members of the OLA as well.

In china, the OLA is working with Rong360 to protect customers and set new standards for online lending.

Consumer tips from the OLA

The Online Lenders Alliance takes pride in helping consumers educate themselves about short-term and small-dollar loans. To make sure you are making well-informed financial decisions when applying for a short-term loan, the Online Lenders Alliance has provided some helpful tips.

  • Never borrow more than you can afford. You don’t want to risk defaulting on the loan should an unexpected financial burden come up. The high interest and fees could put you in a worse situation than you started in.
  • Always shop around first. Make a list of comparisons and try to get the most value out of your loan. It’s never a good idea to sign up with the first company you look at.
  • Keep a file with any documents related to your loan. This includes paperwork, receipts, emails and contact information. These documents will have all the important information you need such as the payment amount and due date, loan terms, loan amount and contact information for who is in charge of your loan in case you need assistance with anything.
  • Always read the terms and conditions entirely before signing any paperwork. It’s time-consuming but definitely worth it to read all documents before signing anything. All lenders are required to tell you exactly how much you’ll be paying, and if you don’t like the terms, you’re under no obligation to sign a contract.
  • Watch out for any “trigger terms” or misleading advertisements. If you see a campaign stating something like “borrow money now for with low interest rates,” look around for any accompanying disclosures or fine print. If a loan advertises instant funding, it’s likely too good to be true.

Heard about the CFSA? It’s another organization for legit payday lenders

Are payday loans available in my state?

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