Payday Loan Organizations

Rating
Reviews
Offices
Lender
3.08
479
reviews
26
offices
1 First Virginia
1 First Virginia
operates in 1 state
0
0
reviews
0
offices
1st Choice Money Center
1st Choice Money Center
operates in 0 states
4.56
182k+
reviews
711
office
Ace Cash Express
Ace Cash Express
operates in 15 states
4.88
302k+
reviews
1329
offices
Advance America
Advance America
operates in 23 states
4.92
1k+
reviews
10
offices
Allied Cash Advance
Allied Cash Advance
operates in 2 states
4.86
489
reviews
12
offices
American Trust Cash Advance
American Trust Cash Advance
operates in 1 state
4.8
5k+
reviews
33
offices
AmeriCash Loans
AmeriCash Loans
operates in 4 states
4.64
3k+
reviews
126
offices
Approved Cash
Approved Cash
operates in 6 states
3.75
1k+
reviews
293
offices
Cash Express
Cash Express
operates in 4 states
3.22
109
reviews
2
offices
Cash&Go
Cash&Go
operates in 1 state
3.69
488
reviews
22
offices
Cashback Loans
Cashback Loans
operates in 1 state
4.33
7k+
review
66
offices
Check City
Check City
operates in 3 states
4.33
24k+
reviews
661
office
Check into Cash
Check into Cash
operates in 20 states
4.79
65k+
reviews
404
offices
Check 'n Go
Check 'n Go
operates in 13 states
3.66
319
reviews
17
offices
Checkmate
Checkmate
operates in 2 states
3.95
4k+
reviews
142
offices
CheckSmart
CheckSmart
operates in 5 states
4.05
773
reviews
66
offices
Community Choice Financial
Community Choice Financial
operates in 4 states
3.4
1k+
reviews
51
office
Continental Currency Services
4.08
2k+
review
62
offices
Easy Money
Easy Money
operates in 2 states
4.66
18k+
reviews
230
offices
LendNation
LendNation
operates in 12 states
4.7
9k+
reviews
73
offices
Money Mart
Money Mart
operates in 4 states
4.09
479
reviews
14
offices
Payday Money Centers
Payday Money Centers
operates in 1 state
4.12
47k+
reviews
156
offices
Speedy Cash
Speedy Cash
operates in 7 states
4.96
322k+
review
532
offices
TitleMax
TitleMax
operates in 9 states

We’ve aggregated more than 7 thousand local offices from the most popular lenders.

List of Top10 Online Payday Lenders

Payday loans organizations are generally known to offer short-term loans meant to hold people till their next paycheck arrives.

Typically, payday loans are only offered in modest quantities of money, which is not up to the amount of money you can borrow from a bank.

Payday loan organizations are appealing due to the fact that, in addition to offering quick cash, they do not need a credit check.

History

However, the emergence of payday loan organizations on the market is traced back to the US in 1980.

The underlying notion of high-interest short-term loans dates back millennia, with alternatives to accept the big risk of loans with high interest.

Payday loan companies may appear to be a relatively recent business. Until recently, the sector in its present state was considerably small.

Approximately 200,000 individuals utilized short-term loans in 2006.

The payday loan organization was valued at over $2.5 billion in 2012, thanks to massive turnover. Nonetheless, payday loan organizations all began long before 2006.

Payday loan organizations and some other lending institutions have found it simpler to set up a base around both rural and urban areas as a result of the challenges with high street firms.

The difficulties that many people face when trying to borrow money through old methods have fueled the expansion of payday loan organizations since the year 2008.

The overpopulation of local and international markets has sparked questions about the function of payday lenders and how they should be regulated, with several worldwide variants.

How Many Organizations are in the US Market?

Currently, there are around 4300 organizations listed in the US market. 

The number of publicly-traded organizations on the US market is a leading indicator of the stock market’s performance.

A higher figure indicates that more businesses rely on equity funding.

The number of publicly-traded organizations in the United States and other nations shows economic growth. Note, stronger economies tend to have more organizations.

How Many Payday Loan Stores are in the US Market?

Long ago, payday loan stores have been promoted as a convenient option for most people, especially small-scale businessmen to borrow money in between paychecks.

Currently, there are 23,000 payday loan stores in the US market, which is more than double the population of McDonald’s restaurants.

While payday loan stores attract a wide range of people living in the United States, they primarily focus on groups that are traditionally vulnerable.

Payday loans are most common among individuals without renters, a college diploma, those making not up to $30,000 per year, and the couples who are divorced.

The state of California has the most payday loan stores, with a total number of 2,451, which is quite more than the total number of payday loan stores in other states in the United States.

After California, the next state with the highest payday loan stores is Texas, with a total number of 1,675 payday loan stores, which spread across the state. 

After Texas, the next state in the US with the highest payday loan stores is Tennessee, with a total number of 1,344 stores. 

After Tennessee, the next state with the highest payday loan stores is Mississippi, with a total number of 1,100 states.  

The main reason why there are more payday stores in states like California is that there are large numbers of people who request for loans.

List of Top10 Online Payday Lenders

  • SpeedyCash
  • TitleMax
  • AdvanceAmerica
  • CheckNGo
  • CashExpress
  • LendNation
  • ApprovedCash
  • AmeriCash Loans
  • Check City
  • Allied