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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.
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.
| OLA member | Features |
|---|---|
| 100DayLoans | 100DayLoans can connect you with a loan provider that’s willing to work with you — no matter your credit history. |
| AssurancePayday.com | AssurancePayday is a lender-connecting service that can help you find a loan from $100 to $1,000. |
| AutoTitleLoans.com | AutoTitleLoans.com helps you find an auto title loan from $1,000 to $35,000. |
| Blue Trust Loans | Blue Trust Loans is a tribal lender offering up to $2,500. If you live in a state where payday loans are illegal, Blue Trust could be an option. |
| CashAdvance.com | CashAdvance works to connect you with lenders offering up to $1,000 in payday and installment loans. |
| CashNetUSA | CashNetUSA provides payday loans, installment loans and lines of credit to customers all across the US. |
| Check City | Check 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. |
| NetCredit | NetCredit helps people with bad credit improve their score by offering personal loans up to $10,000. |
| NetLoanUSA | NetLoanUSA can help you find a lender willing to work with you despite a bad credit history. |
| OpenCashAdvance.com | OpenCashAdvance.com helps connect you with providers of installment loans of up to $5,000. |
| Personal Money Network | Personal Money Network 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. |
| Name | Max.Loan Amount | Turnaround time | Requirements | |
|---|---|---|---|---|
| CashAdvance.com Payday Loans | $1,000 | 1 to 2 business days | ||
| Blue Trust Loans Installment Loans | $2,500 | As soon as next business day | ||
| AutoTitleLoans.com Car Title Loans | $10,000 | Varies by lender | ||
OLA put its best practices in place to ensure that its online lenders meet such industry standards and regulations as:
Read OLA’s complete list of best practices on its site.
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.
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.
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These alternatives to HonestLoans may be just what you need to find a loan larger than $2,500 with quick turnaround time.
These providers offer tribal and installment loans similar to Blue Trust Loans.
You could find a lender offering up to $2,500 with this short-term loan connection service.
Hi would like to ask if Diamond Star Loans is a member of OLA? thanks!
Hi Allan,
Thanks for leaving a question on finder.
Diamond Star Loans is a member of the Online Lenders Alliance (OLA) which supports the review and establishment of best practice standards in this industry.
Please send me a message if you need anything else. :)
Cheers,
Joel