We offer among the lowest rates in the industry. Our short term loans are guaranteed to beat the rate of any payday loan company in the local area. Just bring in your current payday loan or cash advance contract to any Better Than Payday location.
The interest accrues daily so you only pay interest for the amount of time you need it. If you only need to borrow money for three days, you only pay three days worth of interest. There are no prepayment penalties and any amount you pay over and above the interest that accrues on the loan will go toward the loan principal and reduce the balance.
Better Than Payday complies with the disclosure requirements of the states in which we operate (Illinois, Nevada and Texas) and with Federal disclosure requirements including the Truth in Lending Act. Our contract fully outlines the terms of the agreement and discloses the terms of the contract as a dollar amount and as an annual percentage rate. (APR)
Better Than Payday will collect on past due accounts in a professional, fair, and lawful manner, without using harassment, intimidation, or unlawful threats.
Know when each payment is due and be sure to repay the loan on time and in full.Borrow only as much money as you can afford to fully repay on the repayment date. Read the contract thoroughly and be sure that you understand all the terms and conditions of the loan. If you do not understand any of the terms or conditions, ask the lender to explain them. Be sure that you have money in your checking account on the due date of the loan so that your check does not bounce when it is deposited.
You have the right to full disclosure in your contract of all fees and the annual percentage rate (APR). You can cancel a wage assignment at any time by contacting the lender. A lender cannot threaten to use the criminal process to collect on the loan.
| Day | Annual Percentage Rate | Loan Amount per $100 | Loan Amount per $200 | Loan Amount per $300 |
|---|---|---|---|---|
| 1 | 912.50% | $125.00 | $250.00 | $375.00 |
| 2 | 829.55% | $125.00 | $250.00 | $375.00 |
| 3 | 760.42% | $125.00 | $250.00 | $375.00 |
| 4 | 701.92% | $125.00 | $250.00 | $375.00 |
| 5 | 651.79% | $125.00 | $250.00 | $375.00 |
The loan agreement is governed by the applicable laws of the state of Nevada. Nevada residents may receive up to 25% of gross monthly income. The maximum Payday Loan amount at Better Than Payday is $1,500. Generally, your loan will be due on your next payday.
| Day | Annual Percentage Rate | Loan Amount per $100 | Loan Amount per $200 | Loan Amount per $300 |
|---|---|---|---|---|
| 1 | 912.50% | $125.00 | $250.00 | $375.00 |
| 2 | 829.55% | $125.00 | $250.00 | $375.00 |
| 3 | 760.42% | $125.00 | $250.00 | $375.00 |
| 4 | 701.92% | $125.00 | $250.00 | $375.00 |
| 5 | 651.79% | $125.00 | $250.00 | $375.00 |
The maximum loan amount for Texas residents will be $1,000. Your loan will be due on your next payday that falls between 8 to 35 days away. If you are paid monthly, your loan will be due on your next payday that falls between 8 to 35 days away. If your pay dates fall outside of these ranges, your loan will be due in 14 days.
| Day | Annual Percentage Rate | Loan Amount per $100 | Loan Amount per $200 | Loan Amount per $300 |
|---|---|---|---|---|
| 1 | 912.50% | $125.00 | $250.00 | $375.00 |
| 2 | 829.55% | $125.00 | $250.00 | $375.00 |
| 3 | 760.42% | $125.00 | $250.00 | $375.00 |
| 4 | 701.92% | $125.00 | $250.00 | $375.00 |
| 5 | 651.79% | $125.00 | $250.00 | $375.00 |