Top 4 Best Online Payday Loans in 2020

Payday loans can be a good option if you need money quickly. This guide lists the top 4 best online payday loans in 2020.

Top 4 Best Online Payday Loans in 2020 from North Carolina Lifestyle Blogger Adventures of Frugal Mom

When you need cash fast, a payday loan is one of your best options.

They can seem a bit scary when you consider the high-interest rates and short payment timelines. However, if you need a quick loan to pay for things like medical bills, car accidents, or other unforeseen expenses, they’re a great option.

When choosing a payday loan, you’ll want to look at the interest rates, terms of the loan, and whether or not the lender does a credit check. In this post, we’re going to look at 4 of the best online payday loans that you can apply for in minutes. 

1. LendUp

LendUp is a great lender if you need a small amount of money to cover expenses for a short time period, like a month’s rent or bills. One of the fears with top payday loans is getting trapped in a debt cycle, but LendUp aims to improve your credit and help you get out of tough financial situations.

Some of the benefits of LendUp are their competitive rates (391% equivalent APR), single or installment payments, and better rates for repeat customers. They’re also highly-rated on BBB and TrustPilot.

2. CashNetUSA

CashNetUSA is one of the most reputable payday lenders in the country, operating in 30 states now. If you want a no-fuss, single-installment short-term loan, then look no further. You can borrow anything from $100 to $3,000 in a single installment loan.

They’ve got average rates, but the application process is very easy and you might even receive your funds on the same business day. CashNetUSA, like LendUp, isn’t aiming to trap you in a debt cycle. Rather, they give you access to online savings programs and have a wealth of educational modules to help improve your finances.

3. Viva Payday Loans

Viva Payday Loans operates in all 50 states and has some of the best rates in the entire industry. What really sets Viva apart is the incredibly easy application process that can be completed in minutes online. Their website is easy to use and offers guidance in helping you choose your loan.

There’s also great flexibility with the terms of the loan. You can borrow anything between $100 and $5,000 and take up to 6 months to pay it off, but keep an eye on your APR.

4. Bonsai Finance

Bonsai Finance welcomes all to apply for their payday loans, regardless of their credit score. With their Personal Finance Learning Center, Bonsai aims to educate you on the impact of the decisions you make when it comes to lending. 

Their amazing blog is a great read to get more information on payday loans and other types of online loans.

Choosing the Best Online Payday Loans for You

With a few really good options, it can be difficult to choose the best online payday loans. The best thing you can do is make a list of your needs and choose the lender that satisfies them the most. All reputable lenders will work with you to get you back on your feet so you don’t have to worry about getting trapped in the cycle of debt.

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