National Payday Review

If you have ever gone online to look for ways to make money fast, you have probably come across the term “payday loan.”

A payday loan is a short-term loan you can use to quickly borrow relatively small amounts of money. Some many companies and websites will provide either a payday loan or a connection that can bring you the loan. 

While payday loans can be beneficial, they can also be tricky to work with due to high interest fees. Knowing where to go for a payday loan can mean the difference between getting out of a bad situation and getting stuck in debt. is one of those many companies. In this article, we will discuss the website and the pros and cons that come with using the site. Keep reading to see our review. 

Table of Contents

General Information About

National Payday Reviews is an online payday loan lender. When it comes to National PayDay ratings, the site has a reputation as being one of the oldest payday sites available today. Those who are seeking to borrow a sum of money can apply online to National PayDay.

If the applicant meets the standard of approval, they will get access to money as soon as possible. Should the application pass through before a certain time in the morning, the applicant will get their money that same day.

National PayDay got its start in the year 2000. Ever since, the company has been working hard to provide the best service and overall experience to customers. One of the ways that National PayDay stands out from many other payday sites is that the site is a direct lender. 

Many payday websites act as a third party, connecting you to a lender. But National PayDay processes applications and loans within its own company. Because National PayDay is a direct lender, customers feel that they can trust the company.  

The Pros of

Because the company has over 20 years under its best as a payday loan lender, there are a lot of pros that come with borrowing from National PayDay:

  • Direct lending
  • Trustworthy service
  • Fast approval ratings
  • Security

Direct Lending

Those who seek out payday loans online will often get them in one of two ways. Either the applicant will go through an indirect lender, or they will get a direct lender for their loan. 

Many people prefer to get a loan through a direct lender. When you apply through an indirect lender or any kind of middleman, that indirect lender will try and connect you with a source. To connect you to a loan, the indirect lender will send out your information to multiple different companies. 

Many people are not happy with the idea of having personal information floating online through the loan market. Using an indirect lender can cause security issues, as well as annoying emails and texts from random companies that are hard to get rid of. 

By going through a direct lender, you dramatically cut down the number of companies that will get your personal information. 

Trustworthy Service

Since the year 2000, National PayDay has been helping customers get access to payday loans. With over two decades of experience, National PayDay is growing to become a reliable and trustworthy source of loans. Being able to trust a payday loan lender can be a rare experience. 

The company has seen many different financial situations over the years, and it works to expand its resources to accommodate those in need. Each customer service team member works hard to provide a helpful and safe experience for each customer. 

National PayDay is also transparent with all fees and interest rates that will apply to taking out a payday loan. Being transparent is one of the many ways that National PayDay maintains its reliable reputation. 

Many indirect and even direct lenders are not upfront about their fees and interest rates. As a result, many people fall even further behind in their financial situations.

Fast Approval Ratings

To get your payday loan, you will first need to apply. The application process is easily one of the more frustrating parts of applying for a short-term loan. However, National PayDay does a good job of making the process go efficiently.

The company uses an automatic system that will process your application within minutes. Your approval rating will come to you almost immediately after you apply. Once you get your approval, the length of time you will have to wait depends on how you select to receive your payment.

Direct deposit payments can come within one business day. If you get your approval by 11:50 am EST, you will get your loan that same day. Even if your approval does not come until after 11:50 am, you will still get your payment by the next business day. 


Security is one of the biggest issues that come with applying for a loan online. If you do not know who you are borrowing from, your personal information can be subject to a whole host of security issues.

At National PayDay, there is a wide range of modern technology in effect to help keep your personal information private and secure. Encryption technology makes sure that your data is not in danger from nefarious individuals on the internet. The use of this secure technology is one of the many ways that National PayDay establishes trust among its customers.

Applying online can also help you keep your financial situation out of the limelight. Those who are in financially unstable situations are often vulnerable to people with predatory behavior. By applying online, no one has to know that you need money. For some people, having family or friends know that they are struggling financially can also worsen some mental issues, such as depression. 

The Cons of National PayDay

As with any review, a National PayDay comparison needs to examine the cons as well as positives. There are a few flaws that you will want to consider before applying for a loan through the company: 

  • Employment limitations
  • High-interest rates
  • First-time limitations

Employment Limitations

To secure a loan from National PayDay, you must be able to provide a source of income. If you cannot provide proof of your income, you will likely not qualify for a loan. 

Those who do not have a steady source of income will not want to look into National PayDay. The individual likely won’t get approval. While this can be frustrating and discouraging, it is a common theme with many short-term lenders. 

It is also not enough to have a consistent source of income. You will also need an active checking account. This way, National PayDay can deposit the money directly into your account and take out the appropriate amount when the money is due. 

There are many circumstances in which getting or owning a checking account is not possible for an individual. If you are one of those people, getting a payday loan through this company is likely not possible for you. 

High-Interest Rates

While National PayDay is open about its costs, the honest answer isn’t necessarily pretty. At this moment, the company charges a 30% fee of the amount of money that you choose to borrow. Depending on how much money you borrow, the 30% fee can end up being a lot of money.

For example, if you were to borrow $100, you will owe $130 on your next payday. If you were to borrow $1,000, you would owe $1,300 on your next payday. This kind of price increase can be a slippery slope to falling into debt on payday loans. However, it’s certainly not the highest rate available for short-term loans.

Knowing how much you will have to end up paying, in the long run, is the best way to avoid future debt. You should only get a payday loan if you are certain that your next paycheck will be enough to cover your loan and any extra fees. 

First Time Limitations

One unique aspect of National PayDay is the way the company encourages you to continue doing business with them by placing a limit on how much you can borrow the first time you apply. While this feature is unique, it can also be frustrating.

As a first-time customer, you will have a limit of $1,000 that you can receive in a loan. The minimum loan you can get as a first-time customer is $200. Recurring customers who are in good standing with the company, the maximum limit on a loan goes up to $1,500.

Those who need to borrow more than $1,000 either need to already be in good standing with the company or go elsewhere. It is important to know your limitations with National PayDay before you attempt to apply. 

Overall Reputation and Reviews for National PayDay

While it’s possible to weigh the pros and cons ourselves, to really understand if a company is reputable, it’s wise to look at some independent reviews. However, National PayDay is a small company despite its age and has a limited footprint online.

The Better Business Bureau may not have them accredited, but National PayDay still has reviews on the site. It has an A+ rating, but they also have three complaints listed on their page. 

They also have a Facebook page with only 50 likes, so it’s tough to get a solid insight into the company.

The lack of reviews can be an indication of how reputable a company is, especially given how many years that National PayDay has been in operation.

Q&A for

We have gone over a general National PayDay review and the pros and cons of the company. We will now go over some common questions about the service. 

Which States Does National PayDay Operate In?

One of the biggest benefits of getting a payday loan online is that you don’t have to leave your house to apply. 

National PayDay is available across the United States, in any state that allows the use of payday loans. While the majority of states allow payday loans, some states like Montana have heavy restrictions on the use of loans. 

Which Type of Loans Does National PayDay Offer?

This direct lender currently only offers a cash advance or a payday loan. Over the last 20 years, the company has found its niche and does it well. Even though National PayDay specializes in payday loans, there are a variety of online services that you can utilize. 

The website offers a lot of tools that you can access to find a loan that works for you, even if you can’t get one through their company. National PayDay has information about getting approval for a loan. There is also information about alternatives to payday loans, as National PayDay understands that many people view short-term loans as a last resort. 

By providing free information to potential customers, National PayDay establishes a little bit of trust without any business transactions happening. This feature is one of many aspects that makes the payday company reliable among customers. 

By taking advantage of the free online tools, you can secure a loan that works for you in the long run. 

How Do I Qualify for National PayDay Loans, and Do They Require a Credit Check?

The application process for a National PayDay loan is relatively easy. By going to the homepage, you can apply online. You will fill out your full name, as well as an email address and other personal information about yourself.

Once you complete the application, the company’s automatic approval system will take a few minutes to either decline your application or prompt someone to give you a call.

To qualify for a loan with National PayDay, you must be at least 18 years old. After that, you must be able to provide proof of a source of income and have an active checking account. Once you have met all three requirements, you are very likely to get approval for a payday loan. 

Another great aspect about National PayDay is that they do not require a credit check. Many people cannot get approval for a regular loan because they do not have a sufficient credit score. As a result, these people will turn to payday loans to help them. 

Credit has no impact on whether or not you will get a loan through National PayDay. The only thing that the company uses that is similar to a credit system is its relationship with its customers. Those who are recurring customers of National PayDay and are in good standing with their loans will have the opportunity to borrow more money after some time. 

Overall, National PayDay does not have a large list of requirements and is fairly easy to get approval for. However, the requirements that are in place can alienate some people. 

How Much Does National PayDay Cost?

To get your loan, you will have to pay a 30% fee of whatever amount you are borrowing from National PayDay. Earlier we gave examples of how much you will end up paying for each loan amount. Taking out a loan for $100 will cost you $130 by your next payday.

Payday loans work by lending you a certain amount of money until your next paycheck. They are great in short-term situations, as long as you are positive that your next paycheck will cover all of your loan costs. 

Make sure to know how much money you will need by your due date. You will want to plan to pay over the amount you borrow. If you plan to pay more, you can prevent the need to extend your loan. 

When a company is not transparent about how much interest will end up costing a customer, that customer can fall behind on their loan. National PayDay allows you to make payments on your loan if you receive a paycheck more than once a month. If you get one paycheck in a month, you will need to have all of the money for the loan in full by your due date.

When you get your approval for a cash advance, the money you owe will automatically come out of your checking account on the due date. If you make a payment request, however, you can make partial and minimum payments to your loan. 

By making a payment request, you will essentially extend your loan for another two weeks. Making a minimum payment will allow you to pay the 30% fee and push off the loan until your next payday. 

National PayDay recommends making partial payments and paying a little above the minimum payment amount. Paying more than the minimum will allow you to decrease your loan balance instead of seeing the same number over and over again.

At the end of the day, the total cost of National PayDay varies on how much money you take out and how long you are repaying the loan. 


As a direct lender, National PayDay appears to avoid many of the major problems that people typically have with payday loan lenders. The actual payday loan process is also a reliable way for someone to cover last-minute emergency costs. 

National PayDay also does a good job of providing information on handling loans, as well as finding alternatives to payday loans. The website has a blog with all kinds of information that you can access, and all of the information is free of charge.

A payday loan company that has been successful for more than a year can feel hard to find. National PayDay has over 20 years of professional customer service.

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