Background
Payday One is an online financial services company specializing in short-term payday loans and cash advances. The company aims to provide fast, convenient, and accessible credit solutions for individuals facing unexpected expenses or temporary cash shortfalls. Payday One is recognized for its simple online application process and rapid approval, often serving customers who may not qualify for traditional bank loans.
History
Founded in 2002 and headquartered in Dallas, Texas, Payday One quickly established itself as a leader in the digital lending space. The company was among the early adopters of online payday lending, making it possible for consumers to apply for and receive loans entirely over the internet. Payday One has received funding from notable investors, including Sequoia Capital, and has raised a total of $5 million in Series A funding. Over the years, Payday One has been included in expert collections for digital lending and fintech innovation.
Types of Loans and Fees Charged
Loan Types: Payday One offers short-term payday loans and cash advances.
Loan Amounts: Loans are typically available up to $1,000, depending on the applicant’s qualifications and state regulations.
Repayment Terms: Payday loans are generally due in full on the borrower’s next payday, usually within two to four weeks.
Interest Rates (APR): Payday loans carry high APRs, consistent with industry standards for short-term lending. All rates and fees are disclosed during the application process.
Fees: Fees are based on the loan amount and state regulations. There is no requirement for a credit check to apply.
Locations
Payday One operates exclusively online, allowing customers to apply for loans from anywhere in eligible states. The company’s headquarters is in Dallas, Texas.
States Where Loans Are Offered and Not Offered
Available States: Payday One serves customers in states where payday lending is permitted by law. Loan availability and terms may vary based on local regulations.
Unavailable States: Payday One does not operate in states with strict payday lending bans or where it is not licensed. For example, it is not licensed to lend in California.
How to Contact Payday One
Headquarters Address: Dallas, Texas, United States
Customer Service Phone: (800) 787-1393
Email: Use the online contact form on the company’s website or email [email protected]
Website: paydayoneofficialsite.com
Applicants can fill out a simple online application form, and approvals are often processed within minutes, with cash available as soon as one hour after approval.
