Rates & Fees
Submitting your inquiry for a loan at Payday-USA.net incurs absolutely no cost. Payday-USA.net is not a lender and does not provide lending services directly to consumers. Payday-USA.net submits your payday loan application to its vast network of payday loan lenders in order to match you with a lender who will provide you with a loan.
The Truth in Lending Act requires full disclosure of all loan fees and interest rates that borrowers may incur. All fees and rate information should be disclosed to you by your lender at the time of approval. Upon the conclusion of lender approval, most lenders will direct you to an e-signature page. This page is provided to you by the lender to which you were matched.
Full Disclosure of Terms:
The lender provides documents that contain all fees and rate information pertaining to the loan being offered to you by the lender. Please review the fee and rate information provided to you by your lender at this time thoroughly and completely before agreeing to the terms of the loan. You are under no obligation to accept these terms. If you decide the loan terms detailed in the lender contract are acceptable and wish to proceed with the loan process, simply e-sign the page and await transfer of your funds.
The loan fees and interest rates are determined solely by your lender, with specific amounts determined based upon the information you submitted within the payday loan application form found on this site. Payday-USA.net has no control or knowledge of the loan details between you and your lender. You are under no obligation to continue with the application process if you find a particular lender's loan terms unsuitable.
Responsible Lending Policy / Code of Practice:
Payday-USA.net remains dedicated to working with reputable payday loan lenders. In addition, Payday-USA.net provides information that will assist consumers in making informed, responsible loan decisions.
Internet Lending
Online payday loans are typically marketed through e-mail, online search, paid ads, and referrals. Typically, a consumer fills out an online application form or faxes a completed application that requests personal information such as applicant identification, bank account numbers, Social Security number and employer information. Borrowers typically submit copies of a check, a recent bank statement, and signed paperwork. The loan is direct deposited or wired into the consumer’s checking account and loan payment or the finance charge is electronically withdrawn on the borrower’s next payday.
Truth in Lending Act
Payday-USA.net’s policies and practices adhere to the regulations set by Fair Lending laws, such as the Truth in Lending Act. Before a consumer assumes any obligation to initiate the loan process, consumers should demand to be presented, in writing, with the exact rates, fees, rollover charges, and other details of their loan, not to exceed applicable laws, rules, and regulations. Consumers should review applicable laws and regulations in their state prior to signing a loan agreement.
Fair Lending
The Dodd-Frank Wall Street Reform Act states that all lenders, including payday loan lenders, must engage in "fair lending", which is defined as "fair, equitable, and nondiscriminatory access to credit for consumers". Dodd-Frank also tasks the Consumer Financial Protection Bureau with the enforcement of fair lending regulations. Consumers using Payday-USA.net are urged to file a complaint with this particular agency should any problems arise with their payday loans.
Fair Debt Collection Practices
For consumers repaying their loans, Payday-USA.net supports all provisions of the Fair Debt Collection Practices Act enforced by the Federal Trade Commission. Payday-USA.net is not an actual lender and, as a result, does not collect debts from consumers. Payday-USA.net endeavors to only work with lenders that comply with applicable debt collection laws, rules, and regulations. These include:
1. NOT contacting consumers by phone anytime before 8 a.m. or after 9 p.m.
2. NOT contacting consumers by phone with the intent to annoy, harass, or use abusive language.
3. NOT collecting debt through deception or misrepresentation.
4. NOT threatening legal recourse when no legal action is permitted.
Reporting Scams
Payday-USA.net is committed to only working with legitimate payday lenders that are in full compliance with state laws and regulations. Scam artists posing as lenders or lenders who’s policies do not comply with their state’s laws and regulations should be reported to the appropriate consumer protection agencies, such as the Better Business Bureau.
State Regulations
While all lenders and Payday-USA.net follow federal regulations, individual states also have numerous laws for lending within their borders. These include strict adherence to local laws regarding interest rates, rollover limits and fees, maximum loan terms, cool-off periods between loans, presentment limits, and more. Consumers should educate themselves about the loan product they desire and the laws, rules, and regulations applicable to the product.
THE INFORMATION PROVIDED ON THIS SITE SHOULD NOT BE CONSTRUED AS LEGAL ADVICE AND IS NOT A SUBSTITUTE FOR QUALIFIED LEGAL REPRESENTATION.
Late Payment Policy:
Cash advance lenders have varying policies regarding late payments. Review the late payment policy detailed in the loan documents provided to you by your lender before appending your e-signature, and thereby agreeing to the loan terms. All lenders, however, must abide by applicable laws, rules, and regulations regarding late payment fees.
Non-Payment Policy:
Additional fees or charges may apply to you in the event that you are unable to repay your loan. Payday-USA.net uses commercially reasonable efforts to work only with reputable lenders dedicated to pursuing collections of past due accounts with conduct that is fair and reasonable.
Renewal Policy:
Loan renewal policies are largely governed by state regulatory legislation. In states where rollovers, or repayment term extensions, are allowed, interest rates, along with any late fees that may be assessed, can add a substantial dollar amount to the end price of your loan.
State Rate & Fee Regulations:
APR Disclosure. Some states have laws limiting the Annual Percentage Rate (APR) that a lender can charge you. APRs for cash advance loans range from 200% and 1386%, APRs for installment loans range from 6.63% to 225%, and APRs for personal loans range from 4.99% to 450% and vary by lender. Loans from a state that has no limiting laws or loans from a bank not governed by state laws may have an even higher APR. The APR is the rate at which your loan accrues interest and is based upon the amount, cost and term of your loan, repayment amounts and timing of payments. Lenders are legally required to show you the APR and other terms of your loan before you execute a loan agreement. APR rates are subject to change.
Material Disclosure. The operator of this website is not a lender, loan broker or agent for any lender or loan broker. We are an advertising referral service to qualified participating lenders that may be able to provide amounts between $100 and $1,000 for cash advance loans, up to $5,000 for installment loans, and up to $35,000 for personal loans. Not all lenders can provide these amounts and there is no guarantee that you will be accepted by an independent, participating lender. This service does not constitute an offer or solicitation for loan products which are prohibited by any state law. This is not a solicitation for a particular loan and is not an offer to lend. We do not endorse or charge you for any service or product. Any compensation received is paid by participating lenders and only for advertising services provided. This service and offer are void where prohibited. We do not control and are not responsible for the actions of any lender. We do not have access to the full terms of your loan, including APR. For details, questions or concerns regarding your loan please contact your lender directly. Only your lender can provide you with information about your specific loan terms, their current rates and charges, renewal, payments and the implications for non-payment or skipped payments. The registration information submitted by you on this website will be shared with one or more participating lenders. You are under no obligation to use our service to initiate contact with a lender, register for credit or any loan product, or accept a loan from a participating lender. Cash transfer times and repayment terms vary between lenders. Repayment terms may be regulated by state and local laws. Some faxing may be required. Be sure to review our FAQs for additional information on issues such as credit and late payment implications. These disclosures are provided to you for information purposes only and should not be considered legal advice. Use of this service is subject to this site's Terms of Use and Privacy Policy.
Exclusions. Residents of some states may not be eligible for some or all short-term, small-dollar loans. Residents of Arkansas, Connecticut, Indiana, Minnesota, Montana, New Hampshire, New York, South Dakota, Vermont, and West Virginia are not eligible to use this website or service. The states serviced by this website may change from time to time, without notice.
Credit Implications. The operator of this website does not make any credit decisions. Independent, participating lenders that you might be connected with may perform credit checks with credit reporting bureaus or obtain consumer reports, typically through alternative providers to determine credit worthiness, credit standing and/or credit capacity. By submitting your information, you agree to allow participating lenders to verify your information and check your credit. Loans provided by independent, participating lenders in our network are designed to provide cash to you to be repaid within a short amount of time. The short-term loans are not a solution for long-term debt and credit difficulties. Only borrow an amount that can be repaid on the date of your next pay period. Consider seeking professional advice regarding your financial needs, risks and alternatives to short-term loans. Late Payments of loans may result in additional fees or collection activities, or both. Each lender has their own terms and conditions, please review their policies for further information. Nonpayment of credit could result in collection activities. Each lender has their own terms and conditions, please review their policies for further information. Every lender has its own renewal policy, which may differ from lender to lender. Please review your lender's renewal policy.