Wednesday, June 06, 2007

Check Out My Payday Loan

If you've ever been in between paychecks without a dime to your name and you had unexpected expenses come up, you know how hard it can be to come up with quick cash. That is why so many people are now turning to payday loan companies for their emergency expense needs.

6StarReviews decided to perform paycheck advance reviews and compare payday check loans from various payday advance websites. My Payday Loan is one of the payday loan websites we tested. Our experience with My Payday Loan is detailed in the review below.

What's New?
  • FREE payday loans for first-time customers.
  • Refer-a-friend process gives opportunity for free loans.
  • No faxing required.

The Loan Process:
The My Payday Loan application process is a bit more drawn-out and time-consuming than some of the other payday loan companies we reviewed. While the site is not hard to navigate, you must provide the company with your name and email address before even being taken to the application page. This can mean email advertising later on. If your application is submitted and approved prior to 5:00 pm EST, the funds can be deposited into your bank account overnight.

6StarReviews Favorite Feature:
This is one of the few payday loan companies that offer free loans to first-time borrowers, making this a great choice if you plan on paying the loan back in full on the due date and not renewing it thereafter.

My Payday Loan Features:

  • $100 to $300 for first-time borrowers.
  • Up to $400 for second-time borrowers.
  • Up to $1,000 for long-established borrowers.
  • Loan periods ranging from 10 to 14 days.

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