2020 Top 10 Best Payday Loan Lenders in the USA

The Top 10 Payday Lenders

Payday loans have become increasingly popular, but you must do your research before getting a loan. With multiple lenders and loan amounts up to thousands of dollars, it is best to completely understand what your needs are and how much money you truly need. Our top 10 payday lenders on this page offer a complete review of what they have to offer as well as comparison charts so you can analyze what is best for you.

Top10PaydayLenders.com is a site committed to helping people find the best payday loan for their needs. To offer this service, we receive advertising revenue from the lenders that we feature below.

Rank	Provider	Max Loan Amount	High Lights	APR %	Rating	More Info
1		$1,000		391% Average		Apply Now
2		$2,500		200% - 2,290%		Apply Now
3		$1,000		20% - 290%		Apply Now

4		$2,500		65.3% - 1409.3%		Apply Now
5		$1,000		210% - 1,200%		Apply Now
6		$1,000		29% - 290%		Apply Now
7		$5,000		35% - 795%		Apply Now
8		$1,000		153% - 1,042%		Apply Now
9		$1,000		20% - 1,200%		Apply Now
10		$10,000		198.3% - 924.1%		Apply Now

Please note the payday loans shown on the Top10PaydayLenders.com are regulated and banned in some stats. Also not that that the information shared on Top10PaydayLenders.com are offers from the partner site and we advise all customer to confirm interest rates and terms before you engage and confirm a loan.

APR Range

Top10PaydayLenders.com does not provide payday loans, nor is Top10PaydayLenders.com a lender. Top10PaydayLenders.com is a third party service that refers customers to payday lenders. It is the obligation of the customers to know the APR (Annual Percentage Rate) of the loan for the particular loan period. APRs, can fluctuate on occasion, and are determined at the discretion of the lender. If customers do now agree with the APR, Top10PaydayLenders.com advises that the customers do not to take the loan and continue shopping for a loan they feel is more suitable to their needs.
Please keep in mind that the APR range is an annual percentage rate. Payday loan lenders also list the APR, but a payday loan is not an annual loan product. Payday Loans are short term loans, and the rate range from 300-800% because of the short loan period. For more information on how APR is calculated we advise you to check alternative sources.

Who Needs A Payday Loan?

Many people use Payday Loans to handle the unexpected life emergencies. Whether it is an unexpected car repair, or medical bill, you never know when you will need a payday loan. All lenders need to verify a customer's employment status, age and social security number. It is not advisable that customers who need help every month to pay their expenses take on these loans. These loans are meant to help those in need who can pay back the loan in a timely manner. These loans have a very high interest rate.

Notice

Payday Loans are only for a limited time, and need to be paid back by the next payday. It is in the customer's best interest to do research before selecting a payday loan that they feel is right for them. Customers must understand that when they sign the document, they are obligated to pay back the loan by their next payday, or earlier. Customers must also understand they are under no obligation to sign the loan document if they do not feel comfortable with any of the language, APR, or repayment terms. Customers must also take into the account that there will be multiple fees and accumulated interest if they are not able to pay back the loan in full on the agreed upon date.

If customers cannot pay back their loan in full by the agreed upon date, it is in the customers' best interest to alert the lender immediately. Alerting the lender immediately will help start the discussion on an alternative payment process. Customers may or may not save money doing this. However, if customers wait until the last minute, the lender will typically impose fees and the customers will be delinquent on the loan.

Important Information on Personal Loans

While personal loans have lower APRs than payday loans, they are still a form of credit and must be paid off. In addition, there are always risks when borrowing and there are consequences if the loan is not paid off. If the loan is not paid, you may be reported to a collection agency and face financial and credit score penalties.

State Laws

In some states, Payday Loans are illegal. Payday Lending is governed at the state level and several states have banned the use of Payday Lending. A customer must do their research beforehand to see if their state of residence approves the use of payday lending

Terms and Conditions Privacy Policy

** The operator of this site is not a direct lender. Not all of our lending partners loan $10,000 at any one time. Depending on your state, credit rating and other underwriting factors you may or may not qualify for a premium loan. We will seek out lenders as high as $10,000 with our built in loan finder. For more information see our Privacy Policy. **Residents of Arkansas, Arizona, Georgia, New York, North Dakota, Oregon, and West Virginia are not eligible to apply for a cash advance.

Since we are part of a lending network and not a lender, we are not able to accurately represent the exact APR that your lender may offer.

The APR on a small dollar, short term loan represents the amount of your loan, cost of the loan, term of the loan and repayment amounts and timing. Loans on the lower end of the APR range may be for a larger loan amount and for a longer term. Loans on the higher end of the APR range may be for a smaller loan amount and for a shorter term. Depending on your credit needs, and desire to pay your loan off quickly, your lender may only offer you loans with an APR near the high end of the range displayed.

NOTICE: THIS IS AN EXPENSIVE FORM OF CREDIT. A SHORT TERM LOAN SHOULD BE USED FOR SHORT-TERM FINANCIAL NEEDS ONLY, NOT AS A LONG-TERM FINANCIAL SOLUTION. CUSTOMERS WITH CREDIT DIFFICULTIES SHOULD SEEK CREDIT COUNSELING OR MEET WITH A NONPROFIT FINANCIAL COUNSELING SERVICE IN THEIR COMMUNITY.

If you do not pay your loan according to its terms, your lender may:

Charge you late fees
Send your account to a collection agency
Report your information to a consumer reporting agency, which may negatively affect your credit score
Offer to renew, extend or refinance your loan, which may cause you to incur additional fees, charges and interest

Only your lender can provide you with information about your specific loan terms and APR and the implications for non-payment of your loan. Ask your lender for their current rates and charges and their policies for non-payment.