Select Page

Payday Loan Lenders Code of Responsible Lending

At PaydayLoanToday.com, we respect and appreciate our customers and are willing to disclose our best practices surrounding the services we provide. We work hard to ensure that our customers are aware of the terms and conditions surrounding their loans and are dedicated to being mindful of their ability to repay. We currently offer loans from $50 up to $500.

We Encourage Short-Term, Responsible Borrowing

Apply Online Now

The services we provide are short-term financial solutions designed to assist customers with temporary cash flow problems. Payday loans are not intended to be taken out for long periods of time. We encourage responsible borrowing and advise those who have more serious long-term financial problems to seek credit counseling.

We strive to assist our customers with the short-term cash solution they need, but we also want to ensure that they have the ability to repay the funds they borrow. For this reason, we have a strict acceptance policy that disallows customers who have more than two (2) other payday loans out with other companies. This policy is in place because we have no interest in leading you down a path to unmanageable debt. We want to assist you with your temporary cash flow issue while maintaining the ability to manage your finances now and in the future.

We encourage customers to borrow only the amount they need, regardless of if they qualify for more.

The Best Payday Loan Lenders Are Transparent

We fully disclose our fees and the total cost of borrowing funds from us. We charge a flat $17.50 per hundred dollars borrowed.

We do not charge application fees or any other hidden fees. Although our finance charges vary based on the amount of time the loan is taken out (i.e. the loan period), the amount will not change for the period of the loan once it has been approved and funded. Additional costs may be incurred if the loan is renewed, extended, or is returned unpaid.

Although we do not perform traditional credit checks with the three major credit bureaus (i.e. Experian, Equifax, or TransUnion), we do verify your application information with Teletrack, DataX, and Factor Trust. Reasons for denial and adverse action requests are provided within one business day and include consumer reporting agency contact information.

We Are a Flexible Lender

We allow you to choose the amount of your loan up to your qualifying amount with us, which varies based upon your consumer profile and monthly net income. We offer loan periods up to 30-days and therefore offer more than one repayment option for most customers. Most biweekly or twice monthly paid customers are offered two different due date options. Most weekly paid customers are offered up to four different due date options. Since our loans do not exceed 30-days, monthly paid customers are offered one due date option.

Apply Online Now

We Offer Respectful Customer Service

We offer customer support during the hours of 8:30am – 3:30pm PST (11:30am – 6:30pm EST) Monday – Thursday, and Fridays 10am – 3:30pm PST (1pm – 6:30pm EST) by phone and email. We are committed to responding to questions, problems, and concerns as quickly as possible and with a high level of satisfaction. We value our customers and demonstrate our appreciation through our greeting card and Referral Rewards programs.

Loan Renewal & Extension Policy

If you are unable to pay your loan with us in full on the agreed upon due date, you may be eligible for one of the following options:

1) You can extend your loan due date, paying only the finance charges due on the original due date with each loan extension. You will have the option to choose a new due date within the next 30-days, where new finance charges will apply.

2) You can extend your loan due date with a buy down, with allows you to pay the finance charges and an additional amount of your choice that will be applied toward your principle loan balance. The extension fee and the buy down amount are due on your original due date. You will have the option to choose a new due date within the next 30-days, where new finance charges will be applied to the new, lower principle balance.

All loan extension and buy down requests must be received before 3:00pm Pacific Time on the business day prior to your scheduled due date. We require that all customers E-Sign new loan documents in accordance with ACH regulations. Any requests submitted after our processing deadline or without an E-Signature will not be processed.

Loans that were a part of a special promotion and/or received a discounted rate on the original finance charge (including our free first time loan offer), are subject to our normal finance charges if they are extended beyond their original repayment date.

Implications of Non-Payment

We ask that all customers contact us immediately if they become aware that their loan payment is being returned to us unpaid. If your payment is returned to us unpaid, you will be charged a $15 returned item fee. If your loan payment is returned more than once, you may be charged $15 for every returned item we receive up to $45.

The first time your payment is returned, we will attempt to contact you via phone or email to inform you of the loans delinquent status. Your account will be automatically scheduled for re-debit on your next pay date unless we are informed that the funds are available sooner. You may contact us during our regular business hours to discuss alternative arrangements, if needed. If your debit is returned a second time, we will contact you again in an effort to make arrangements to resolve your delinquent loan balance. If we do not receive a response from you or we are unable to collect your payment after the 3rd debit, your file will be sent to our Collections Department. You will then be reported to the credit reporting agencies and legal actions may be taken against you to retrieve payment.

Implications of Late Payment

Loans with us are automatically processed for payment by electronic debit on the agreed upon due date, as per your loan agreement. Therefore, our customers do not have to worry about missed or late payments. If, however, you find that your loan payment has been returned to us unpaid, you will be charged a $15 returned item fee. No additional late fees will be applied. Customers with returned payments are strongly encouraged to contact us as soon they become aware of that their payment is being returned.

Jurisdiction

We are based in Nevada and subject to the laws of that state. If you submit a payday loan application with us and it is approved, the transactions related to your loan will be deemed to have taken place in our Nevada corporate offices in accordance with the laws of Nevada, regardless of where you might be viewing or accessing our website. Nevada payday loan laws governing deferred deposit loans may differ from those of your state. If you do not want to enter into an agreement based on Nevada law, please continue to look for a payday lender in your area.

Apply Online Now