With the number of payday check loans available on the Web, Star Reviews thought it would be wise to separate the good ones from the ones you needn't waste your time on. Paycheck Today impressed us with their service and we think you'll like what we found here. Read on for the 4-1-1 below.
What's New?
- Approval in as soon as 30 seconds.
- No credit check.
- Lends up to $1,000.
Star Reviews Favorite Feature:
The easy application process was a real win in our book.
The Loan Process:
The loan process for Paycheck Today is one of the easiest and straightforward applications that we came across. The application was a one-page form and you didn't need to provide any personal information prior to accessing it. Once you fill out and submit the application, approval can take just a few minutes and you can have the funds in your bank account as soon as the very next business day.
Payments:
You can either pay the loan in full on the due date or you can opt for their payment option, which allows you to pay only the finance fee for the first 4 payments. Then, after your fourth payment is made, you will begin paying the finance fee plus $50 towards your principle balance each due date until the loan is paid in full.
Requirements:
To qualify for a Paycheck Today loan you must be employed making at least $1,000 a month and you must have a checking account with no negative activity for the past 30 days.
Paycheck Today Features:
- Loans from $100 to $1,000.
- Faxless approval.
- Money in your account the next business day.
Pricing Plan:
Paycheck Today is a bit more expensive than the other payday loan companies we reviewed, charging a rate of $30 per $100 borrowed.
Customer Support:
Paycheck Today offers customer support via phone and via email. However, phone support is only available for existing borrowers and you must have an account with the company to access a member of their phone support team. We had not received a response to our email within 24 hours of sending a request.
Upside:
The company offers loans up to $1,000, which is higher than many of the other payday loan lenders.
Downside:
Lack of access to customer support prior to becoming a borrower.
Summary:
When we encountered the Paycheck Today website, we must say, we liked their simple, yet functional site feel. There isn't a credit check required and you can receive approval in as short a time span as 30 seconds! You can also borrow up to $1,000 here (some limitations apply) which is more than other paycheck advance services we ran into. The application process was extremely user-friendly, one of the easiest we found. But, customer support could improve, as the phone is only for existing borrowers and we didn't get a speedy email response. But, this payday loan site still gets a thumbs up from Star Reviews.