What is the Online Lenders Alliance?
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What is the Online Lenders Alliance?

This trade organization represents the growing industry of companies offering loans online.

Under the controversy that surrounds short-term loans these days, it can be hard to know if the terms you’re getting are fair. As you consider online lenders, you might want to see if they belong to the Online Lenders Alliance (OLA).

OLA works to proactively strengthen the reputation of the online lending industry by monitoring misleading claims and setting best practices for its members.

What does the Online Lenders Alliance do?

OLA is a trade organization that lobbies on behalf of the online trading industry and its member lenders.

To become a member with OLA, a lender agrees to adhere to a code of conduct that meets industry standards and safeguards customer data.

Aside from holding its lenders accountable, OLA also provides information to consumers that include a hotline for help navigating online lending, a platform to report fraudulent claims and transactions and consumer tips to stay safe.

Members of the Online Lenders Alliance we review

OLA memberFeatures
100DayLoans100DayLoans can connect you with a 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, Blue Trust could be an option.
CashAdvance.comCashAdvance 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.
Check CityCheck City operates in multiple states and offers loans you can pick up in person or receive directly into your bank account. Learn how much you can borrow in your state.
NetCreditNetCredit helps people with bad credit improve their score by offering personal loans up to $10,000.
NetLoanUSANetLoanUSA 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 of 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 an OLA member

Rates last updated February 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
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?

OLA put its best practices in place to ensure that its online lenders meet such industry standards and regulations as:

  • Clearly explaining loan terms to customers in a way that’s easy to understand to help them make educated financial choices.
  • Providing a reasonable cancellation policy in case consumers change their mind about the loan.
  • Avoiding any misleading advertising, unfair or deceptive activities.
  • Providing referrals, credit counseling, education and assistance to consumers.
  • Protecting all customers’ personal and financial information — and making sure that members do too.

Read OLA’s complete list of best practices on its site.

OLA Global

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

In the UK, OLA partners with the Consumer Finance Association to protect online lenders and, as a result, consumers. Many of the CFA’s companies are longtime members of OLA as well.

In China, OLA works with Rong360 to protect customers and set new standards for online lending.

Consumer tips from OLA

The Online Lenders Alliance takes pride in educating consumers about short-term and small-dollar loans. To help you make well-informed financial decisions when applying for a short-term loan, OLA provides helpful tips.

  • Don’t borrow more than you can afford. The more you borrow, the higher the interest and fees you could potentially owe by the end of your term. Avoid the risk of defaulting on the loan in the face of an unexpected financial burden by signing on for only the amount you need.
  • Shop around for the best deal you’re eligible for. Compare your options, and try to get the most value out of your loan.
  • File away documents related to your loan. Paperwork, receipts, email and contact information can help you get in contact with the right people and provide payment amounts and due dates, loan terms and loan amounts when needed.
  • Carefully read the terms and conditions before signing paperwork. Lenders are required to tell you exactly how much you’ll be paying. 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 a campaign states something like “Borrow money now 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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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.

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