Best Payday Loan Lenders in Delaware

Looking for info on the most reliable payday loans Delaware residents can get? Payday loans can prove handy when immediate funds from other sources aren’t available. However, it’s good to research one’s options before borrowing. We have got you covered with reviews of the top lenders in the Diamond State and a summary of the applicable laws.

Best Payday Loans Providers in Delaware

Advance America

Advance America

Money today, momentum tomorrow.

One of the industry pioneers, Advance America has been in business since 1997. With over 1,400 physical stores across the continent and millions of clients served, Advance America offers some of the top payday loans on the market. They run a full-disclosure, no-nonsense kind of business where the customer always comes first.

Available in: AL, CA, CO, DE, FL, ID, IL, IN, IA, KS, KY, LA, MI, MS, MO, NE, NV, OH, OK, RI, SC, TN, TX, UT, VA, WA, WI, WY

Loan amount: Up to $1,000 (some states have a lower cap)

Loan term: 2-4 weeks

APR: Depends on the loan term (231-495%)

Min. credit score: N/A

Approval time: Almost instant

Funds available in: Same or next business day

Online application: Yes

Check into Cash Logo

Check into Cash

Your One Stop Money Shop

A true trailblazer, Check into Cash is among the best payday loans providers out there. The company was established in 1993, and they operate over 800 stores across 20 states. It is a well-established brand with numerous storefronts, which is quite reassuring to many customers. On the downside, they do run credit checks on new customers.

Available in: AL, AK, CA, DE, FL, HI, ID, IN, KS, MS, MO, NV, OK, OR, TN, TX, UT, WA, WI, and WY

Loan amount: $50-$1,000 (some states might have a lower cap)

Loan term: 14-30 days

APR: Depends on the loan term (261-782%)

Min. credit score: 300

Approval time: Almost instant

Funds available in: Same or next business day

Online application: Yes

ACE Cash Express Logo

ACE Cash Express

Empowering your financial success since 1968

ACE Cash Express was established in 1968 making them a household name in their niche. This company offers reliable online payday loans as well as in-store loans. Speaking of which, they run over 920 stores in 13 states. School of Ace is an interesting feature on their website that aims to help you manage your finances better.

Available in: CA, FL, ID, IN, KS, LA, MN, MO, OR, SC, TN, TX, VA

Loan amount: $50-$1,500 (some states might have a lower cap)

Loan term: 9-35 days

APR: Depends on the loan term (231-661%)

Min. credit score: N/A

Approval time: Almost instant

Funds available in: Same or next business day

Online application: Yes

CashNetUSA Logo

CashNetUSA

With CashNetUSA, money’s on the way!

If you’re looking for a well-established company with long traditions and excellent reviews, then look no further. CashNetUSA has been in business since 2004, and they’ve partnered with more than four million customers across 18 states. They offer one of the best-rated payday loans in the industry.

Available in: AL, AK, CA, FL, HI, ME, MI, MN, NV, ND, OH, OK, OR, SD, TN, TX, WY

Loan amount: $100-$1,500 for first-time customers (some states have a lower cap)

Loan term: 14-35 days

APR: Depends on the loan term (208-520%)

Min. credit score: N/A

Approval time: Almost instant

Funds available in: Same business day if approved

Online application: Yes

Speedy Cash Logo

Speedy Cash

Reset. Refocus. Restart.

Speedy Cash (or Rapid Cash in Nevada, Oregon, and Washington) is another reputable payday loans provider. They opened their first store in California back in 1997, and have been expanding ever since. Today, the company operates around 200 stores in 14 states. Speedy Cash is a member of the Online Lenders Alliance, ensuring fair treatment and adherence to a code of conduct.

Available in: AL, AK, CA, HI, LA, NV, ND, OR, TX, WA, WI, WY

Loan amount: $100-$500 (some states might have a lower cap)

Loan term: 14-30 days

APR: Depends on the loan term (214-460%)

Min. credit score: N/A

Approval time: Almost instant

Funds available in: Same or next business day

Online application: Yes

Delaware Payday Loans Laws

Currently, Delaware state laws permit payday loans under the Small Loan Act or Licensing LawAll the information concerning payday lending in the state of Delaware can be found in 5 Del. C. §978, 5 Del. C. §2227 et seq., and 5 Del. C. §2744.

State Law

Eligibility for Payday Loans in Delaware

The qualifying criteria for payday loans in the state vary by lender. However, meeting the following criteria should make you eligible for loans in most cases:

During the approval process, most firms will ask you for a copy of your government-issued photo ID or driver’s license, email address, phone number, Social Security Number, and proof of income. You may also have to provide a blank check or some of your banking information.

Delaware Payday Loans with Bad Credit

Payday loans are usually meant for customers lacking strong credit and facing difficulty in sourcing funds from less expensive sources. So, if you meet the eligibility criteria mentioned above, bad credit should not keep you from getting a payday loan in Delaware.

Failing to Repay a Payday Loan

Criminal charges for failing to repay a payday loan are prohibited in Delaware. That said, if you cannot repay the loan, the lender can recover the outstanding amount, along with attorney and court charges, through a civil court trial.

The lender can also get a collection agency for payment recovery, which can be a hassle. In addition, non-repayment might impact your credit score.

Reviews of the Best Payday Loans Delaware Has to Offer

Advance America

With an industry experience of more than two decades, Advance America is one of the largest short-term lenders in the US. Customers, however, should beware of scammers pretending to represent the firm. Moreover, while Advance America’s general customer reviews are solid, the feedback on its customer service isn’t.

Pros

Cons

Lending Offer Overview

Advance America’s payday loan process is famously fast and paperless. While borrowers can expect fast approval both online or at any of the storefronts across the state, the latter option is better for customers looking for same-day payday loans in Delaware.

The firm offers multiple repayment terms, so you can choose between bi-weekly or monthly pay cycles depending on your comfort. Advance America is also known for relatively relaxed eligibility requirements, so even customers with subpar credit or a history of bankruptcy might qualify for its payday loans.

The downside is that Advance America charges high APRs and fees, especially in states such as Delaware, where the payday loan laws are relatively lax. The firm’s website indicates rates for six-month terms and beyond but states that shorter-term loans may be available in the case of some in-store or online payday loans in Delaware. The typical APRs for 6-month loans of $200 to $1,000 range from 264% to nearly 337% for a monthly pay cycle.

Other Features

Advance America also provides longer-term installment and title loans in Delaware, with the latter requiring your car title as collateral. The advantages with these include higher loan amounts, lower rates, and more extended repayment periods. Some branches may also offer lines of credit to customers.

Check Into Cash

Check Into Cash is among the few providers offering payday loans to Delaware consumers that have a BBB accreditation. It also has an A+ BBB rating and a solid TrustPilot score of 4.5. In the Diamond State, the firm’s phone lending services are also offered under the name Loan By Phone of Delaware, LLC.

Pros

Cons

Lending Offer Overview

For Delaware, Check Into Cash has indicated an APR of 391.07% for different loan amounts based on a 28-day advance with one payment. The rates may differ based on the loan term and other factors. The indicated APR and penalty charges are certainly on the higher side, and it’s only the other positive factors that would make customers turn to Check Into Cash for online payday loans in Delaware.

These factors include the firm’s superfast approval process, often informing within minutes if applicants have qualified or not. The fast process is courtesy of the firm’s conditional approval system, where reps get in touch later to verify borrowers’ credentials.

The funding for approved candidates takes one business day in most cases, typical for online lending. Other positives include the emphasis on maintaining the confidentiality of customers’ information and the well-designed app. The latter also plays a role in keeping data secure.

One notable feature with Check Into Cash is that it has slightly stricter eligibility criteria in most states, including the lower age limit of 21, instead of 18. The firm may also not be the best choice for customers looking for payday loans in Delaware with no credit check.

Other Features

For customers looking for more than payday loans, Check Into Cash is among the few firms that offer their whole range of extra services in the state. These include installment loans, money transfers, prepaid debit cards, check cashing, and exchange of new or used gift cards for cash.

Ace Cash Express

Ace Cash Express is another excellent Delaware payday loan option, backed by great BBB and TrustPilot ratings. However, the firm’s confusing website makes it frustrating for customers to gather critical information and compare it with other borrowing options.

Pros

Cons

Lending Offer Overview

Like many other lenders in the state, Ace Cash Express also offers loans that would qualify as payday loans as well as slightly longer-term loans. That said, all of the firm’s services related to Delaware payday loans are online only.

The application process uses the standard faxless system followed by the industry, requiring your contact and banking details. The approval and funding time is also as fast as most well-known lenders; however, it will take one business day to get the funds into your account because in-store applications aren’t available. Moreover, Ace Cash Express is among the few firms that offer a 72-hour satisfaction guarantee, allowing you to return the loan without any fee if you change your mind within three days.

The negative aspect of borrowing from Ace Cash Express is the very high APR for payday loans for Delaware standards. The little information on interest rates on the website indicates APRs as high as 499% for terms longer than the typical payday loan. This means that its Delaware payday loan rates are likely to be even higher.

Other Features

Ace Cash Express provides payday, installment, and title loans for online borrowers. It does have several other products, including prepaid cards, Flare account, money orders, and check cashing; however, these are unlikely to be available to Delaware customers.

CashNetUSA

Rated an average B by the BBB, CashNetUSA is a provider of Delaware payday loans known for its extensive online presence. The firm also has a handy app with high ratings on the iOS and Android stores, making it easy to keep track of all critical information related to your loans.

Pros

Cons

Lending Offer Overview

CashNetUSA doesn’t have a physical presence in Delaware, and a few of its services available to residents of other states aren’t offered here. Thankfully, customers across the state can apply for a CashNetUSA loan online. The firm has a minimum age limit of 19 for its loans; other eligibility criteria are no different from other firms.

The process is standard for Delaware payday loans online applications, and the approval should take not more than a few minutes if all your documentation is correct. If it isn’t, you’ll immediately get a message asking for more information. Once approved, the funding will take one business day as there are no storefronts in the state.

Interestingly, despite CashNetUSA reviews mentioning high APRs, the indicated rate for Delaware is 299% for short-term loans. This is lower than payday loans from most top payday lenders in the state.

On the other hand, the transaction fee of 15% of the amount drawn is relatively high for payday loans Delaware residents can get and an unnecessary expense for customers already short of cash at hand. There is also a late fee of $10 ($5 for smaller amounts).

Other Features

CashNetUSA’s other funding services are not available in Delaware. However, one of the most significant advantages of the firm is that all customers get access to online financial courses and interactive tools. These are meant to educate them on taking control of their finances and help in the long run in not needing high-interest loans.

Speedy Cash

Speedy Cash is a reliable provider of Delaware payday loans and one of the leading payday loans companies nationwide. The firm’s credentials are strengthened by its membership of the Online Lenders Alliance, A+ BBB rating, and excellent TrustPilot score. It does have poor customer reviews on the BBB site, but on the whole, past borrowers seem to have come away satisfied.

Pros

Cons

Lending Offer Overview

The highlight of Speedy Cash’s offering in Delaware is the same APR for all loans, irrespective of the amount or the term. This rate of 360% is higher than what some other firms charge but not exorbitant. There are also no late-payment or origination fees indicated in the schedule; however, we recommend checking with the firm before signing a contract.

Speedy Cash is among the top providers of online payday loans in Delaware regarding the use of technology, as reflected in its well-designed and informative website, smooth online process, and mobile app. The app can prove particularly useful for reminders and getting in touch with the firm.

In some states, Speedy Cash offers an instant funding facility. If you have a qualifying debit card, you can get the loan amount in your account in a very short time. There is no indication whether this facility is available in Delaware, so it could help to check when applying. At the same time, even the regular funding and approval process for payday loans with no checking account in Delaware is fast enough.

The one negative worth pointing out is that the firm has a borrowing limit of $700 in Delaware. This is lower than what the laws permit and could prove an issue for some borrowers requiring more significant amounts.

Other Features

Speedy Cash has some other services on offer, including title loans, money orders, wire transfers, and prepaid debit cards. However, given its limited features in Delaware, customers in the state might be better off approaching other providers for these services.

FAQ

Are payday loans legal in Delaware?

Yes, payday loans in Delaware are legal. The Delaware payday loan law is not as strict as regulations in some other US states, so we strongly recommend comparing different options to select the most reliable lender with the most economical rates.

The Bottom Line

All the dope shared here should act as the first step in preparing you for the borrowing process. These are all reputed, secure, and licensed providers and can be relied upon for quality services. Now, you will need some research of your own to figure out which set of features suit your needs. Given the lenient regulations for the payday loans Delaware consumers can get, research is even more critical to prevent being taken for a ride.

Remember to always borrow responsibly and never take out more cash than you can reasonably repay.

Your BalancingEverything Team

References:

MoneyLion

UStatesLoans.org

Consumer Federation of America

Advance America

Check Into Cash

ACE Cash Express

CashNetUSA

Speedy Cash