Spotya payday loans review May 2019 | finder.com
Spotya! Loans Logo

Spotya short-term loan connection service review

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

Take the stress out of finding a lender by using this connection service.

Spotya makes it easy to find a loan when you don’t have the best credit by connecting you with payday lenders that may be able to help. But with no reviews and minimal company details available, you might want to consider your other options first.

What is Spotya?

Rather than provide loans directly, Spotya is a short-term loan connection service that works with lenders offering up to $1,000.

You don’t have to meet strict eligibility criteria to qualify, either. As long as you have a steady source of income and a checking account, you may be able to find a lender that can help. The process is quick, and you’ll find out if you’ve been connected shortly after you fill out an online form.

While you don’t have to pay Spotya any fees to use its service, you should still borrow with caution: Short-term loans often come with high interest rates that can result in you paying hundreds of dollars in interest.

What are the benefits of using Spotya?

From its fast service to its free educational resources, there are a few perks of using Spotya:

  • Quickly compare offers. You can complete the online form in a matter of minutes and potentially get connected with lenders that can help.
  • Bad credit accepted. Even if you don’t have the best credit, Spotya may still be able to connect you with a lender.
  • No collateral. Spotya works with short-term lenders that don’t require any collateral. This means you won’t have to back your loan with an asset — like your car title.
  • Educational resources. Spotya has a blog that covers an array of topics, including responsible borrowing, credit card debt, payday advances and online lenders.

What to watch out for

  • Expensive to borrow. While Spotya doesn’t charge a fee to use its service, payday loans are notorious for their high APRs that can range anywhere from 200% all the way up to 1300%.
  • Need a bank account. Because Spotya only works with online lenders, you’ll need to have a bank account in order to receive your funds and pay back your loan.
  • Minimal company information available. Spotya has an about page, but it doesn’t go into company details or its history. You may want to give customer support a call to learn more about Spotya before you use its service.
  • No reviews. Despite having a page on the Better Business Bureau (BBB), there are no reviews for Spotya — meaning you won’t know how well the process works until after you fill out the online form.

How does Spotya compare to direct lenders?

Check the websites of any providers you’re interested in to confirm they operate in your state of residence.

Updated May 20th, 2019
Name Product Filter Values Max. Loan Amount Turnaround Time Requirements
$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.
$5,000
1 business day
Direct deposit, meet minimum income requirements
Comes with the option to change your due date so you won’t fall behind on repayments.
$2,600
1 to 2 business days
Active checking account, regular source of income, email address
Get access to tools to help you plan a career move, make some extra cash or search for a better-paying job.
$15,000
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.
Varies by state
1 business day
Regular source of income, bank account, US citizen or permanent resident, ages 18+
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.
$10,000
As early as 1 business day
$1,000+ monthly income after taxes, valid checking account
Explore its online education center to get tips on budgeting, how to prioritize your bills and more.
$250
As soon as the next business day
Checking account with ACH, proof of income, Social Security number, ages 18+
Get rewarded for making on-time repayments with better rates and terms on future loans.
Varies by state
1 business day
Steady source of income, checking or savings account, not currently in bankruptcy, ages 18+
Its satisfaction guarantee means you can return the full loan amount within 72 hours if you change your mind.
$1,000
1 to 2 business days
Bank account, email address, phone number, US citizen or permanent resident, ages 21+
Plus, get access to check cashing, cell phone top ups, bill pay and more at one of its many storefronts.

Compare up to 4 providers

Beware of high APRs

It doesn’t cost anything to use Spotya’s service, but you’ll still be on the hook for high interest charges and fees if you take out a payday loan from one of its partner lenders. Short-term loans can often end up costing you double or even triple the amount you borrowed, which could result in you owing much more than you bargained for.

Before you commit to a lender Spotya connects you with, check out your short-term loan alternatives to see if there’s a cheaper option.

Is it safe to use Spotya?

In general, yes — though no online lender can ensure your information stays 100% safe. Spotya has standard encryption security on its website to keep your personal details secure. But because it’s a short-term loan connection service, your information may still be sold, rented or shared with third-party lenders. This is normal for a connection service, but it does mean you might receive unwanted phone calls or emails long after you borrow a loan.

Read over Spotya’s privacy policy and terms of use before you submit an online form. And if you’re connected with a lender, read through its terms and how your information will be used before signing the dotted line.

What does the Internet say about Spotya?

There isn’t much out there about Spotya. While it has a page with the BBB, it isn’t accredited or rated. In fact, as of January 2019, there are no complaints or reviews listed for the company. This isn’t uncommon, though — most borrowers only leave reviews for the lender they’re connected with, not the connection service.

If you have any questions, you can email Spotya’s customer service team at support@spotya.com or speak to a representative by calling 888-891-1113.

Am I eligible?

In order to be connected with a lender, you must meet a few basic eligibility criteria:

  • Have an operational checking account.
  • Have a steady source of income.
  • Be a US citizen or permanent resident.
  • Be the age of majority where you live — 18 years old in most states.

How do I get started?

Spotya’s online form only takes a few minutes to fill out. Here’s how you can get started:

  1. Visit Spotya’s website. Enter your full name, email and state, then click Get Your Cash.
  2. Enter the amount you want to borrow, your address and your date of birth.
  3. Enter your employer’s name and phone number, as well as your monthly income, driver’s license number, phone number and Social Security number.
  4. Select how frequently you’re paid and your next two pay dates, then enter information about your bank account.
  5. Read over Spotya’s privacy policy and terms of use. Click Submit Form.

It may take a few minutes for Spotya to go through its network of lenders and find one that suits your borrowing needs. If you’re connected with a lender, you’ll be redirected to its website to complete the application.

I was connected with a lender. Now what?

If you’re approved, you’ll receive a loan offer document that gives you a clear indication of what you’ll have to pay during the course of the loan. How much your loan ends up costing depends on how much you borrow, your lender and your state regulations. In general, you can expect to pay a fixed fee of $10 to $15 per $100 borrowed. And if you can’t pay the loan off as per the schedule, you might have to pay late charges.

Always budget before you borrow to make sure you have enough to cover the cost of your loan on its due date. You might also want to sign up for automatic payments to make the repayment process a bit simpler.

Bottom line

Spotya can help you find a lender offering up to $1,000 — even if you have bad credit. But the lack of reviews or information about the company might make it hard to trust, especially since everything takes place online.

Before you borrow, check out our guide to payday loans and see if payday loans are legal in your state to make sure you’re getting a good — and legal — deal.

Are payday loans available in my state?

Frequently asked questions

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

US Payday Loans Offers

Important Information*
Logo for CashNetUSA Loan
CashNetUSA Loan

Apply for a short-term loan with an easy online application and dedicated customer service.

Logo for Check into Cash Payday Loan
Check into Cash Payday Loan

With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

Logo for OppLoans Installment Loans
OppLoans Installment Loans

Installment loans with competitive rates from a top-rated direct lender.

Logo for LendYou Short-term Loans
LendYou Short-term Loans

Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.

Go to site