Net Pay Advance Review: Last Resort Only – Better Options Exist

Is Net Pay Advance legit?

Yes, Net Pay Advance is a legitimate lender. It is accredited by the Better Business Bureau (BBB) with an A+ rating and has more than 8,000 positive reviews on Trustpilot. It uses 128-bit encryption and bank-level security to protect user data, so you can feel safe using the site.

But Net Pay Advance shares customer information with third parties for marketing purposes, so you may end up receiving unsolicited offers from other companies. Plus, APRs are extremely high, in the triple digits, making this an expensive form of borrowing.

How Net Pay Advance compares to other lenders

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Finder Score	Loan amount	Turnaround time	Requirements	bullet point infobox
Promoted Finder score 9.5 Excellent EarnIn	Finder score 9.5 Excellent	Up to $150/day, with a max of $1000 between paydays	1 to 2 business days or within 30 minutes for a fee	At least 18 and a US resident, Valid Social Security number, At least 60 days of banking history, Proof of consistent income, Positive bank balance, Get paid by direct deposit.	Access up to $150 per day, with a max of $1000 between paydays. Subject to EarnIn terms & conditions.	Go to siteView details Compare product selection Compare	loading
Promoted Finder score 9.4 Excellent OppLoans Installment Loans	Finder score 9.4 Excellent	$500 to $5,000	As soon as the same business day	+18 years old, Receive paychecks through direct deposit, $1,500 minimum monthly income, Live in eligible state	Not available in: CO, CT, GA, IA, MD, MA, NY, SD, VT, WV. Comes with the option to change your due date so you won’t fall behind on repayments.	Go to siteView details Compare product selection Compare	loading
Promoted Finder score 8.7 Great Current	Finder score 8.7 Great	$50 to $750	Up to 3 days or within an hour for a fee	Among other factors, you must receive a monthly total of $500 or more in Eligible Payroll Deposits into your Current Account.	Get up to $750 before payday, once you qualify. Paycheck Advance is an earned wage access service and is not a loan or credit product. Subject to Paycheck Advance Terms and Conditions.	Go to siteView details Compare product selection Compare	loading
Finder score 9.1 Excellent CreditNinja Installment loan	Finder score 9.1 Excellent	$300 to $5,000	1 to 2 business days	Checking account at least 60 days old, regular income through direct deposit, resident of eligible state, age of majority in your state	Not available in: AK, CO, CT, FL, GA, IL, IA, KY, ME, MD, MA, MT, NV, NH, NJ, NM, NY, NC, ND, OR, VT, VA, WA, WV. Fast online funding up to $5K, but you won't know about rates and terms until after you apply.	Go to siteView details Compare product selection Compare	loading
Finder score 8.2 Great Cleo	Finder score 8.2 Great	Up to $250	3 to 4 days or instant for a fee.	Not stated	Automatically monitor your spending plus access cash advances up to $100 at a time.	Go to siteView details Compare product selection Compare	loading

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What is the Finder Score?

The Finder Score crunches 3+ types of short-term loans across 65+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.

To provide a Score, we compare like-for-like loans. So if you're comparing the best short-term loans for all credit types, you can see how each short-term loan stacks up against other short-term loans with the same borrower type, rate type and repayment type.

Read the full breakdown

Where Net Pay Advance falls short

The biggest drawback of using Net Pay Advance is the cost of borrowing. APRs vary by state and loan type, but they typically fall in the 214% to 460% range. To put that in perspective, if you borrow $400 and repay it in two weeks, you could owe up to $140 in fees, depending on your state. That’s a steep price to pay for such a small loan, and it could easily trap you in a cycle of debt.

But that’s not the only drawback. There’s also the issue of accessibility. Net Pay Advance is only available in eight states: California, Kansas, Louisiana, Missouri, South Carolina, Tennessee, Texas and Utah. If you live in any other state, you’ll have to look for other payday loans and alternatives. And due to lending laws, military personnel and their dependents are not eligible to apply.

What makes Net Pay Advance shine?

Despite its high APRs and limited availability, borrowing from Net Pay Advance has several benefits. The most significant one is how easy it is to qualify. You only need to be 18 years old with an active bank account and live in a state where the company operates. There’s no minimum credit score requirement and no hard credit check.

Applying is simple, too. It can be done completely online in just a few minutes. Approval decisions often come instantly, and you can get your funds the same day if you provide a valid debit card. (ACH deposits take longer, up to two business days.)

Net Pay Advance also has a decent reputation, the company is accredited by the Better Business Bureau with an A+ rating and has a 4.3-star rating from past customers on Trustpilot.

Net Pay Advance loan details

Net Pay Advance contact information

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To see exactly how much a loan might cost you, enter the loan amount, APR and expected repayment term into the calculator provided below.

How to qualify for Net Pay Advance

There are only a few basic qualifications you need to meet to get a loan through Net Pay Advance:

• Be 18 years of age or older.
• Have an active bank account in your name that’s been open at least 30 days.
• Live in a state where Net Pay Advance is authorized to operate (CA, KS, LA, MO, SC, TN, TX or UT).
• Not be active-duty military or their dependent.

How to apply

Applying for a loan through Net Pay Advance is fast and easy. Here’s what you need to do:

1. Go to the Net Pay Advance website, choose your state and select “Apply Now.”
2. Sign up for an account by providing your name and email address and creating a password.
3. Provide additional personal and financial information (address, income source, etc.).
4. Receive a response immediately with no hard credit check. The response will either be “approve,” “deny” or “verify.” If you receive the “verify” response, customer service may need to speak with you to get additional information.

Once approved for a loan, you can expect to receive your funds immediately if you’ve provided a valid debit card. If you opt for an ACH deposit instead, it could take one to two business days.

OppLoans reviews and complaints

Reviews are a bit of a mixed bag. On Trustpilot, the feedback is mostly positive, with 97% of customers giving the company either four or five stars. Happy customers praise the easy application process, fast funding and helpful customer service agents.

But on the Better Business Bureau website, it’s nothing but one-star reviews. The biggest issue is the high APRs charged by the company. Customers think it’s unfair to pay back more than three times as much as they borrowed. Several people complain about being notified that they owe Net Pay Advance money, but they never took out a loan with the company. Another common complaint is not being approved for a loan.

Frequently asked questions

What types of loans does Net Pay Advance offer?

Net Pay Advance offers three types of loans: payday loans, installment loans and a line of credit. The repayment terms and loan amounts vary depending on which type of loan you take out, but all of them charge high, triple-digit interest rates.

What is the Net Pay Advance app?

Net Pay Advance app is an online payday lender. Its app allows customers to view their balance, make payments, contact customer support, etc. An Android version has not been released yet, but it is available through the App Store, where it has a 1.9-star rating out of five.

What are the risks of using Net Pay Advance?

The biggest risk of borrowing from Net Pay Advance is getting caught in a cycle of debt. It charges extremely high APRs from 214% to 460%, so you’ll end up paying a lot of interest on even the smallest loan. You might then need to borrow again during your next pay period just to make up for the cash you used to repay your original loan.