PayDay One

Sometime there’s no getting around it – you’re going to need a little extra to pay the bills that come due before your next paycheck is issues. When that happens, one of the best sources for a short-term loan is PayDay One, a paycheck advance service that can deposit between $100 and $1000 in your checking account in as little as 24 hours.

The PayDay One Application Process

When you first log on to PayDay One’s website to apply for a loan, you are given the option of filling out an online application or calling an 866 number to speak with a representative.

The online loan process begins by asking you to submit personal, contact and financial information and to verify that you are neither a member of the military or the dependent of a military member. It then creates a PayDay One account for you that uses your email address and a password that you select.

PayDay One loan eligibility requires a checking account in good standing – no bounced checks or overdraws for thirty days prior to the loan application.

PayDay One does not require you to fax any supporting documentation in order to be approved for a loan. Neither does PayDay One run a credit check before loan approval.

Once you are approved for a PayDay One loan, the funds are deposited directly into your checking account on the next business day.

PayDay One Finance Charges

PayDay One charges a flat rate of $10 on every $100 it advances you. So if you are borrowing $300, you will be required to pay back $330 when your loan repayment becomes due.

PayDay One also carries a Great Rate Guarantee: if you are able to find another payday loan with lower finance charges, PayDay One guarantees it will match that rate.

The PayDay One Repayment Process

When you apply for a PayDay One loan, you will be asked to indicate your next paycheck date. Funds in the amount of your loan repayment will be deducted directly from your checking account. The length of the loan is not 14 days – it is the length of time until your next paycheck is deposited into your checking account.

Refer A Friend

If you refer a friend for a PayDay One loan, you will be awarded a $10 cash bonus.

PayDay One Licenses

PayDay One is licensed where required by law in the states of Maryland, Texas, Delaware, Kentucky, Louisiana, Minnesota, Pennsylvania, Rhode Island, Tennessee, Illinois, Arizona, Idaho, Missouri, South Dakota, Utah, Wisconsin and Ohio.

Comments

By Pat D.
December 27, 2010 ( 2:22 pm )

PayDayOne came through when I needed extra cash for the deposit on my new apartment. The realty company wouldn’t let me make two payments and I really wanted the place. PayDayOne helped me get the apartment of my dreams. Thanks PayDayOne.
By Scott Anderson
January 30, 2011 ( 6:56 pm )

I’ve been trying to get away from using credit cards, so I cut all of mine up. The problem? I really needed to rent a tux for my best friend’s wedding and I didn’t have the cash on hand. I turned to PayDayOne because they had great rates, could get me the money I needed fast and they made it easy to make payments. I got the tux, had a great time, and was able to pay back the $100 the next week when I got paid at work. PayDayOne gave me everything I needed.
By Jake
February 2, 2011 ( 8:32 pm )

PayDay One is the best! Quick money, polite customer service and no hassle. I overspent my last paycheck, but they didn’t make me feel like an idiot about it. All I had to do was send in my paperwork and the next day, $200 was deposited into my bank account. Now I just have to save up to pay it off.
By Richard
February 5, 2011 ( 9:12 am )

I’d never borrowed money from anyone – not even my parents. But when I couldn’t cancel an automatic payment on my student loan, I was looking at a seriously overdrawn account in a few days. I came to PayDayOne expecting to feel humiliated. But, your customer service representative was professional and treated me with dignity. I received the $300 before the automatic payment came due and saved possibly hundreds on overdraft fees. I hope to never be in that bind again. But, if I am, I’ll be coming back to PayDayOne.
By Andrew W. Henderson
March 18, 2011 ( 3:08 pm )

Even though I was only laid off for a week, it was enough to get us behind on some bills. A couple of them are auto-debited from our account. By borrowing $400 from Payday One, we were able to avoid overdraft fees and cover our weekly expnses.

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