PayDayOne

PayDayOne Review: Payday Loan Reviews

 
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Rating:
Bottom Line:
May have lower rates, but also has a somewhat poor BBB grade of C+ and the information sharing policy could be more customer friendly
Full Review:
In general, we liked PayDayOne's website. We found it easy to navigate. Multiple points of contact, including two physical addresses are available. You can view the license for your state, and see the terms specific for your location. It's a nice customer experience.



To apply for a loan, simply fill out the form. PayDayOne has a low offer guarantee, so if you find a better offer from another lender, they promise to match it. While there are no options to limit sharing of your personal information on the form, you can contact them via phone, website, or email to decline some types of information sharing. Note that there's an option to have PayDayOne shop your offer around to other lenders if they can't provide a loan for you. Keep in mind that this may reveal your personally identifiable information info to third parties.

Interest, fees, and maximum loan amounts will vary by state. If your application is accepted, you'll receive a quote. Make sure you understand the terms of your loan, including refinancing rules, before accepting your loan.

Their score from the Better Business Bureau is a C+. The company has garnered a number of complaints, and the Better Business Bureau reports that they have "failed to eliminate the underlying cause of complaints." However, there are no reports of legal action against PayDayOne, and their registration is in order.

So, should you get a payday loan from PayDayOne? The Better Business Bureau score is not great, and we feel they don't make opting out of information sharing as easy as they could, or as their competitor CashNet USA does. On the other hand, their advertised rates are lower than some of their competitors.

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