Trusted PayDay ReviewReviewAdviceFAQ's

Trusted PayDay Reviews

Advertiser Disclosure

For more information

Visit Site
  • Pros
  • Works with a panel of lenders, may boost your chances of getting a loan
  • Fast and simple application process
  • Assistance available for those with damaged or no credit
  • Saves the hassle of searching through individual lenders yourself
  • Cons
  • Service may not be as speedy as with a direct lender
  • No BBB accreditation or rating
  • Cannot determine eligibility for a loan

Trusted PayDay Loans

Trusted Payday is a payday loan matching service that provides you with access to payday loans based on your circumstances and requirements. The company has access to a panel of payday lenders and operates as a broker in order to try and find the best deal for those who require a loan.

Trusted Payday helps customers receive a personal loan for medical bills, planning a vacation, unexpected bills, living expenses like rent or a mortgage, auto or home repairs and more. This company is not an actual payday lender, but their goal is to help customers get matched with a direct lender that they can trust.

Loan Terms and Benefits

Trusted Payday works with more than 70 different lenders to bring you a variety of reliable loan options. Loan amounts range from $500-$10,000 with annual percentage rate (APR) of 25-450 percent. Your APR can vary and it's based heavily on factors like your repayment history and credit score.

Your loan terms can also vary depending on your lender, so it's important to read through each lender's terms thoroughly when you become matched up with one or more lenders.

Trusted Payday is adamant about helping customers avoid fraud. This company will not charge you to use their services and they encourage you to avoid any company that would. They also do not collect any of your payments on your loan as this is something you will handle directly with the lender you choose.

Disadvantages

Trusted Payday does not appear to be accredited or rated by the Better Business Bureau. Another thing to bear in mind is that the service may not be as speedy as it would be with a direct lender, as the company has to spend time trying to match you with the right lender. It also means that the company cannot determine your eligibility for a loan, as this is something that is decided by each individual lender it works with. Customers who don't qualify for any of the loans available will unfortunately wind up empty handed and have to search elsewhere for a loan. When using Trusted Payday, it's important to view this company as a resource or link to lenders who can offer you a loan since they are not an actual lender and will not be approving your application directly or setting terms and repayment requirements for you.

The Application

The company offers a fast and simple application process, which you can complete in a matter of minutes. You can complete a quick application on the website in less than three minutes by answering simple and brief questions like your name, social security number, employee information and income details. If you are matched with a lender, you'll be redirected to their website where you can provide more information and follow the next steps to secure your loan. Your loan application is usually approved within 30 minutes and your loan can be deposited into your account within 24 hours or less.

While Trusted Payday accepts loan applications 24 hours a day, 7 days a week, they recommend that customers apply during business hours on weekdays for the quickest response and results since most lenders will not be available to process and application during the weekend.

In order to qualify for a loan, you must have a bank account. If you only have a savings account, Trusted Payday will still be able to process your application. You will also need a driver's license, state ID or a passport number if you don't have your social security number. It will also increase your chances of getting hired if you don't have too many outstanding personal loans.

If you are collecting social security benefits, disability, or a pension, you may still be eligible for a loan as long as your stream of income is steady

If you are not matched up with a lender or approved for a loan, the team at Trusted Payday will try their best to match you with a partner network or loan offer that matches your criteria.

Repayment

Repayment terms are scheduled with the lender and usually occur monthly or every two weeks depending on your loan. Funds will usually be withdrawn from your account on a predetermined date. Once you apply on TrustedPersonalLoans.com, the lender you are matched will with provide their repayment terms and it's important to read through them carefully. Late or missed payments will not be associated with or handled by Trusted Payday. The company is not involved in debt collection.

Resources

Trusted Payday shares a lot of clear information on their website along with a How it Works section to make sure customers fully understand how to utilize their services to secure a personal loan and pay it back in the best manner. They also offer a frequently asked questions page with answers to more than 20 common and unique questions regarding payday loans and the entire process from start to finish.

The company also shared resources on fraud along with steps customers should take if they feel they've become a victim of fraud. Since most questions that a typical customer would have are answered in detail throughout the site, it's important to review these resources and responses before deciding whether you'd like to submit an application to be matched up with a lender.

Verdict - Very Good

In short, Trusted Payday provides a good service for those who need to take a payday loan but want to save themselves the time and inconvenience of having to research individual lenders themselves. The company benefits customers through its' access to a panel of payday lenders while operating as a broker in order to try and find the best deal for those who require this type of loan. The quick no-hassle application along with the company's dedication to helping you secure a legitimate and reliable lender make this payday loan option a practical choice. Just keep in mind that you still need to meet most of the requirements in order to be successfully matched with a lender and take the time to read through each lender's terms in detail before taking out a loan. You can always come back to Trusted Payday months down the road if you need an additional loan and receive the same quality of service.

Last Updated:

Trusted PayDay Consumer Reviews

Average Customer Rating

3 out of 10 rating 3 1 User Review

User Rating Distribution

Ratings: 10 - 9 0
Ratings: 8 - 7 0
Ratings: 6 - 5 0
Ratings: 4 - 3 1
Ratings: 2 - 1 0
3 out of 10 rating 3 Got matched with several lenders Not a lender!!

I was sad to find out that after I filled out an application, that Trustedpayday was not an actual lender. I don't like providing my info out twice.

Show More

16 Great Money Saving Tips!

Cut expenses by $500+ a month. Download our FREE eBook today.

Download Now

Join our newsletter to receive the latest money saving advice, reviews, and offers!

YesI want to learn how to be a smart consumer!NoI'm not concerned about wasting money

100% privacy. We will never spam you.

Where should we mail you our
money saving advice, reviews & offers?

100% privacy. We will never spam you.

Adding your email to our mailing list.

Please wait just a moment

Your email has been added!

Thank you for signing up.

Close

Advertiser Disclosure

In order for MoneySavingPro to remain a consumer free service, many of the companies covered in our industry reviews compensate MoneySavingPro for new sign ups.

However, the results of our comparison tools, the rankings of the providers and the information presented is not affected by compensation. Indeed, many of these companies approach us for an advertising partnership after we have already written a published their reviews.

While we try to research and review as many providers as possible in the 100+ industries we cover, we have not reviewed every company available.

Our rating system is independent of compensation and reflects our true understanding of the industry and the company based on a variety of factors. The companies that receive the highest rating will always be the providers that we believe offer the best value to the consumer.

Advertiser Disclosure

In order for MoneySavingPro to remain a consumer free service, many of the companies covered in our industry reviews compensate MoneySavingPro for new sign ups.

However, the results of our comparison tools, the rankings of the providers and the information presented is not affected by compensation. Indeed, many of these companies approach us for an advertising partnership after we have already written a published their reviews.

While we try to research and review as many providers as possible in the 100+ industries we cover, we have not reviewed every company available.

Our rating system is independent of compensation and reflects our true understanding of the industry and the company based on a variety of factors. The companies that receive the highest rating will always be the providers that we believe offer the best value to the consumer.