Payday Loan Lender Reviews
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How we rank lenders
1. As you may imagine ranking anything is not easy. You have to come up with criteria, send out surveys and process results. We have tried to make this process as straightforward as possible. By offering our users to take part in this effort, we assign a unique web ID to each user who agrees to participate. We always announce on our main page when we run a ranking campaign and anyone can enroll.

2. After you go through the application process and get approved, we follow up with a quick survey that asks a few simple questions about your experience with the lender. At this time we basically ask about:

  • Decision Time. How fast your application was approved. The faster, the better, obviously.
  • Cost of Loan. How happy are you with the APR on your loan.
  • Application Process. Was the application process easy, hassle-free? Did you have to fax or email any supporting docs? Was there an application fee? Too many spammy follow-up offers? etc.
  • Loan Terms. How happy are you with the terms of your loan (repayment schedule, loan period, etc.)
  • Approval Rate. Calculated as a share of approved applications by the lender out of the total number of approved applications by all lenders on our list.
3. If there are also comments that we consider important to share with our users, we add them as review comments for a respective lender.

4. As you may guess, only approved applicants provide our rankings/comments and only those, who agreed to participate and replied back to our emails. So, there may be a slight self-selection bias.

5. We are working to improve these rankings in two important ways: A) develop more detailed surveys to provide more all-round evaluations; B) obtain input from applicants who were not approved and those who declined the loan terms.

Lenders, contact us to get featured on our site and get ranked/reviewed.
DISCLOSURE: PaylessPaydayLoans is not a lending institution but rather, a service that provides advice and information on how to apply and get approved for a payday loan. All ratings and reviews published on this site are provided by real people who went through the application process of a respective lender and rated or shared his/her experience with us. Read our ratings disclosure for more information about how these ratings are obtained.

CONSUMER NOTICE: Payday advances should be used for short-term financial needs only, not as a long-term financial solution. Customers with credit difficulties should seek credit counseling.

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