Short-term loan reviews

Browsing lenders to find the right short-term loan for you – one that isn’t given by a predatory lender – can be tiresome when all you want to do is get a quick fix for a financial emergency.

That’s where payday loan reviews come in. Compare lenders based on your needs and find a reputable business to help you during a crisis.

Why should I read a short-term loan review?

There are dozens of short-term lenders across the country. Many are trustworthy and follow state laws to the letters. Others are predatory and use payday loans as a way to take advantage of others. By reading reviews, you give yourself the chance to learn about a company before applying, saving yourself time and, potentially, money.

A good review covers the benefits and drawbacks of the lender without too much bias. If the review is too positive or negative, watch out. It could be someone paid to leave a good review or someone with bad budgeting skills leaving a bad one. The more moderate a review is, the more trustworthy it is.

If you think there might be a chance the lending company you’re looking at is a scam, check with your local government. Many states require a license to operate a payday loan business. If they’re legitimate, they’ll have one.

More ways you can tell if a loan is legit or not

Reviews of top short-term loan lenders

What can I find out from a short-term loan review?

A good short-term loan review gives you all the information you need to make an informed decision and should cover these aspects:

• Interest rate and APR. While you have to pay interest on a short-term loan, the APR represents the true cost. It includes the interest as well as all associated fees. The amount varies considerably from one lender to the next.
• Fees. short-term loan reviews should give you a clear indication of all the fees and charges you could end up paying over the course of your loan, including financing fees, ongoing fees and fees you might have to pay if you miss a payment.
• Access to funds. Some lenders only operate online, meaning you’ll have to provide a bank account so the lender can deposit the money directly. If you want to pick up your money in cash or as a prepaid debit card, you’ll need to find reviews of lenders who have storefronts.
• Repayment options. There are a number of ways you can repay a loan, but some lenders don’t allow all of them. Read reviews to find out what the company you’re looking at prefers. Keep in mind that some lenders also charge a fee for early payment.
• Application process. A good review should tell you how simple or complicated the application process is and how long it might take to complete.
• About the lender. Reading a short-term lender’s review should give you some idea about the company’s history and the other products the lender offers.

A–Z listing of payday and installment loan reviews

Compare short-term loan lenders

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Name	Product	Filter Values	Loan amount	Turnaround time	Requirements
BadCreditLoans.com			$500 to $10,000	As soon as next business day	Depends on lender requirements, poor credit borrowers may still be able to qualify for a loan. Must live in an eligible state.	With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.	Go to site More Info		loading Fetching your data...
MoneyLion Instacash advances			$250, $300 with RoarMoney account	3 to 5 business days to external checking account, 12 to 48 hours to RoarMoney account	Bank account must have at least 60 days of activity, show recurring deposits and must have a positive balance	Fee-free, interest-free cash advances up to $250.	Go to site More Info		loading Fetching your data...
OppLoans Installment Loans			$500 to $4,000	1 business day	Direct deposit, Meet minimum income requirements, Live in eligible state	Comes with the option to change your due date so you won’t fall behind on repayments.	Go to site More Info		loading Fetching your data...
CashNetUSA Loan			Varies by state	As fast as same business day	Regular source of income, bank account, US citizen or permanent resident, age of majority in your state	Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.	Go to site		loading Fetching your data...
Fast5kLoans Short-term Loans Connection Service			$100 to $35,000	As soon as the next business day	Regular source of income, Verifiable bank account, US citizen, Ages 18+	Get connected with multiple lenders you might qualify with — even if you have bad credit.	Go to site More Info		loading Fetching your data...
LendYou Short-term Loans			$100 to $2,500	Same business day to 1 business day	$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+	Get offers from potential lenders in minutes by filling out just one online form.	Go to site More Info		loading Fetching your data...

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How can I use reviews to find the right short-term loan?

Going through short-term loan reviews or consumer reports can help you narrow down your choices. Pay attention to these factors:

• Eligibility criteria. If you don’t meet the required eligibility criteria, there’s no point in applying, and doing so might damage your credit rating. Checking the eligibility criteria ahead of time minimizes the chance of a rejected application.
• Loan amount. Find out the minimum and maximum amount a lender is willing to give to be sure you can get the exact financing you need. Some lenders set high minimum amounts so you have to borrow hundreds of dollars to be considered.
• Repayment method. Most lenders allow payments via direct debits from your bank account, but this can be bad if you don’t have the money in your account to repay. If you wish to repay the loan using cash or check, you have more limited options since you’ll have to go to a storefront location.
• Additional features. Does the lender offer any additional features that might be of use to you? For example, some lenders offer higher loan amounts and better interest rates to repeat borrowers.
• Money processing. If you need money soon, you’ll want to read reviews about lenders with storefronts. Online lenders can approve you quickly, but it will usually take one or two business days for the funds to reach your account.

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