PayDayOne Review: Texas Payday Loans

Bottom Line:
Marginally lower rates, but a poor BBB rating of F and 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. The reason we gave them a low rating however, is because their BBB score is down to an F.

The BBB issued an F score because the company has garnered over 70 complaints in 3 years, with 25 of them being in the last 12 months. Also, the Better Business Bureau reports that they have "failed to respond to 3 complaints filed against business." However, there are no reports of legal action against PayDayOne, and their registration is in order.

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.

So, should you get a payday loan from PayDayOne? The Better Business Bureau score is a sign that you shouldn't, and we feel they don't make opting out of information sharing as easy as they could, or as their competitor CashNet USA does. Their advertised rates are lower than some of their competitors, but with so many complaints against them, you are better off choosing a different service.

Compare to Other Texas Payday Lenders

Service Details:

Loan Range:$100.00 - $1000.00
Advertised fee per $100*:$22.88
Advertised APR (14-day loan)**:596.51%
Max Loan Period (based on pay period):35 days
Registered Texas CSO:Yes
BBB Score***:F

* Based on information provided by lender's website. Fee combines the payday loan company's fee plus 10% interest from the third-party unaffiliated lender.

** APR (Annual Percentage Rate) is provided for comparison purposes to other forms of debt. Amount is calculated by multiplying interest and fees for an average 14-day loan period over the entire year. See FAQ for more details.

*** Better Business Bureau rating as of 01/01/2011

NextAdvisor Blog Headlines

Which Services Keep Your Cloud Safe From the NSA?
Millions of Americans were outraged this past year when the NSA spying controversy hit the news. Since then, there has been a growing feeling of distrust in saving personal information on the Internet. With the rapid growth of online data technology happening at the same time as these new privacy issues, it can be a [...]

Can I Take My VoIP Adapter Abroad?
Q: I am going to be traveling for several months out of the country. Can I take my VoIP adapter abroad with me? A: This is a great question! One of the best things about VoIP service compared to traditional phone service is the ability to take your adapter with you when you travel from [...]

Heartbleed Bug Is Affecting Millions Of Android Devices
It turns out that the Heartbleed bug that possibly exposed users of many websites, which have since patched the bug, is now affecting about 34 percent of Android devices, according to a Google blog post and the company's statistics. Even though Google was able to patch most of its products affected by Heartbleed, such as Gmail [...]

PayDayOne Forum Posts

  • PayDayOne Review
    Here is NextAdvisor's review of PayDayOne: ... review.php

About UsBlogContact Us Forums Terms & Privacy PolicyAffiliate ProgramSite Map is a BBB Accredited Information Bureau in San Francisco, CA

Disclosure: is a consumer information site that offers free, independent reviews and ratings of online services. We receive advertising revenue from most of the services we review. Our editors thoroughly research and whenever possible test each service we review and offer their honest opinions about each one. We are independently owned and operated and all opinions expressed on this site are our own.