Best Payday Loans in Nevada

While casinos and payday loans are not a good match, residents of the Silver State can still sometimes find themselves in genuine emergencies and in need of a short-term cash solution.  Luckily, if you are looking for payday loans, Nevada does have a lot to offer. Still, choosing the right provider could mean the difference between making an intelligent choice and being taken for a ride which is where we come in. The laws for payday loans in the state are some of the most relaxed in the US, meaning companies can charge you any interest—as high as 900% and more. This article identifies the top Nevada lenders that can be relied on for quality services.

The Best Companies for Nevada Payday Loans

Check City Logo

Check City

Quick Cash Loans at Check City

Over 30 years ago, back in 1986, Check City opened its first store in Virginia. The company was a huge success from the get-go, and they quickly expanded the business. Nowadays, you can find the Check City storefronts in four states or get an online loan.

Loan amount range: $100 to $510

Loan term: up to 32 days

APR: 460% for a two-week loan

Min. credit score: N/A

Finance charge: $17.65 for every $100 borrowed

Approval time: Almost instant

Funds available in: Same or next business day

Number of Hawaii stores: Online only

Online application: Yes

24/7 open: No

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

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

Check'n Go Logo

Check ‘n Go

Real solutions for real people

Check ’n go opened its doors to customers in 1994. Their first storefront was in Kentucky, and they’ve since expanded their business to over 20 states. This company offers quick payday loans, with interest rates that fall well within the industry average. With 26 years of experience and 1,000 stores across the US, you can’t go wrong with Check ‘n Go.

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

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

Loan term: 10-35 days

APR: Depends on the loan term (214.68-661.80%)

Min. credit score: N/A

Approval time: Almost instant

Funds available in: Same or next business day

Online application: Yes

Laws for Payday Loans in Nevada

Payday lending is not only legal in Nevada but also governed by one of the most lenient policies across all US states. Such loans are officially called deferred deposit loans or high-interest loans in the Nevada payday loan laws and are regulated by Nevada Stat. 604A.010 et seq. 2017 Chapter 274.

Nevada repealed the cap on interest rates back in 1984, making payday loans in the state among the most expensive in the country. However, some policies to control the leeway given to lenders may be implemented in the near future. For example, in December 2020, state lawmakers approved creating a Nevada payday loan database to improve accountability and oversight.

Below, we’ve prepared a summary of the laws governing payday loans Nevada residents can apply for.

State Law

Nevada Payday Loan Requirements

The qualifying criteria for obtaining payday loans often vary by lender. However, if you meet the following conditions, chances are you will be eligible for Nevada payday loans from most lenders:

You will need to provide a copy of a government-issued photo ID, your email address, phone number, Social Security Number, and a blank check or banking information. Nevada laws also require borrowers to submit the most recent pay stub or other proof of income when applying for the payday loans Nevada lenders offer to consumers.

Bad Credit Payday Loans

Payday loans are short-term loans meant for people who find it challenging to obtain funds from other sources because of poor or no credit. So, if you meet the eligibility criteria mentioned above, getting a payday loan in Nevada will not be difficult, regardless of your credit standing.

Failing to Repay a Payday Loan in Nevada

Unlike most other states, Nevada payday loan laws allow criminal action for non-repayment if it can be proved that the borrower never intended to repay the loan. So, failing to repay payday loans in Nevada is riskier than in other states.

Even in cases where a criminal suit isn’t filed, lenders can try to recover outstanding payments in civil court. The court may direct you to pay the court costs, service of process costs, and reasonable attorney’s fees apart from the owed payment. Lenders can also hire a collection agency and report your case to a credit bureau. The latter will make it more difficult for you to obtain a loan in the future.

Reviews of the Best Payday Loans Nevada Has to Offer

Check City

With 30 stores, mainly in the Las Vegas area, Check City is the largest provider of payday loans in the state. The firm’s positives include accreditation and excellent rating from the Better Business Bureau and a solid Trustpilot score of 4.5.

Pros

Cons

Lending Offer Overview

Check City offers both in-store and online payday loans to Nevada, making it convenient for state residents to access emergency funds. In-store customers can choose among a broader range of loan amounts, slightly better APRs, and more services than online borrowers. While the firm’s approval process is fast enough for both borrower types, in-store customers are also more likely to get the funds in their accounts quicker.

Check City allows deferring repayment up to four times, not exceeding 60 days from the expiration of the initial loan period. Given the relaxed regulations in Nevada for payday loans, customers can expect high APRs for personal loans in Nevada from the firm. This includes an APR of more than 900% for very short-term loans.

We like that the firm’s website has many resources to help understand the borrowing process. However, instead of articles on how to succeed at job interviews or tips on working from home, clearer information on the applicable fees and other charges would have been more helpful.

The firm’s one-step application process is more relaxed than many other lenders. You will need to submit a photo ID, checking account details, and a pay stub as proof of employment. Finally, Check City is an excellent option if you are looking for no credit check for payday loans in Nevada.

Other Features

Customers can take advantage of many other services at Check City’s brick-and-mortar stores. These include other forms of loans, check cashing facilities, cash for gold, money transfers, money orders, and prepaid debit cards, among others. Some of the company’s stores also offer tax preparation services.

Speedy Cash

Boasting a BBB rating of A+, a Trustpilot score of 4.5 from over 8,600 reviews, and an OLA membership, Speedy Cash is rightfully among the most prominent payday loans lenders stateside. The company has a significant physical presence in the Silver State, in addition to offering payday loans in Nevada online. The firm has a BBB rating of A+, a Trustpilot score of 4.5 from over 8,600 reviews, and an OLA membership. However, its customer review score on the BBB site is relatively low at 1.72 on 5.

Pros

Cons

Lending Offer Overview

Customers in Las Vegas and Reno can easily choose from Speedy Cash’s 19 stores in Nevada. For other residents, online applications may be a more convenient option; however, the indicated APRs for online payday loans for Nevada are significantly higher—651.79% vs. 459.90% for a $100, 14-day loan—than in-store.

So, while the APRs in both cases are pretty high even for Nevada, making the trip to a store could save you some cash. You are also likely to have access to a wider range of loan amounts, personal guidance, and additional services with in-store visits.

Some positives of the firm include instant funding to a debit card for qualifying borrowers and a smooth online application process. You also get a highly-rated mobile app to track your payments and access other resources. Plus, it allows 24/7 applications for Nevada online payday loans.

As in many other states, Speedy Cash does not offer a cash advance in Nevada under $100. The maximum loan amount is a quarter of your gross monthly income but can’t exceed $1,500. The firm allows repayment plans per Nevada laws but doesn’t give more details. Pre-maturity partial payments in increments of $5 are permitted without any charges, but it does charge a $25 fee for returned payments.

Other Features

For customers interested in services beyond payday loans, Speedy Cash offers title and installment loans, lines of credit, check cashing services, money orders, wire transfers, and prepaid debit cards.

Advance America

Advance America has been catering to consumers in the Silver State for almost two decades and is another top US lender that offers Nevada payday loans online and across several stores. While the firm’s Trustpilot score is among the best for payday lenders at 4.8 from over 50,000 reviews, it does not have a BBB rating yet.

Pros

Cons

Lending Offer Overview

While Advance America has fewer stores in Nevada than the firms listed above, these stores have a better spread, enabling more state residents easy access to in-store facilities. The firm can claim among the fastest approval and funding processes. Same-day funding is possible even if you apply for payday loans online in Nevada. To do so, you will need a government-issued ID, proof of income, checking account details, and a personal check.

The firm’s in-store APRs are generally lower than the rates charged by some other lenders in Nevada. While the interest is still high in objective terms, you would have to pay just about 482% interest for a 14-day loan compared to nearly twice this amount with some other firms. Note that these are exemplary rates, and borrowers could be charged higher APRs depending on their specific case.

The firm does not indicate if it has separate rates for online payday loans in Nevada. It also doesn’t specify any additional charges or repayment plans for Nevada loans. Moreover, loan amounts are capped at $1,000 and do not go up with borrowers’ monthly income, which is usually the case in Nevada.

Other Features

Customers can also use Advance America’s services in Nevada to get installment loans of between $250 and $2,500 or title loans for $400–$10,000. Moreover, most of the firm’s stores offer Netspend Visa prepaid cards and MoneyGram money transfers.

Check Into Cash

Check Into Cash is a more viable choice for online payday loans in Nevada than in-store loans as it has just one outlet in the state. The firm has a BBB accreditation and is rated A+. It also has an excellent Trustpilot score of 4.5, indicating strong customer satisfaction.

Pros

Cons

Lending Offer Overview

Since most state residents would find the online option more convenient with Check Into Cash, it is good that the firm indicates identical APRs for both in-store and online loans. However, in-store borrowers can get slightly lower amounts and are likely to see a quicker funding process.

At the same time, since the firm follows a conditional approval system, the approval for the online payday loans Nevada residents can get with this lender should not take too long either. This process lets applicants know within minutes if they have qualified. The documentation is taken care of later through a company rep.

The interest rates are on the higher side for payday loans in the state. A 14-day loan comes with an APR of more than 650%, regardless of the loan amount. If your payment doesn’t go through, you will be charged an additional $25.

Potential borrowers should note that the Check Into Cash is known for its stricter eligibility criteria, including a qualifying age of 21, compared to 18 with other firms. You must have an active checking account too.

Other notable benefits include the freedom to apply for payday loans online in Nevada and collect checks at the store, the option to get an instant quote by phone, and the handy, well-designed mobile app.

Other Features

Check Into Cash offers several other in-store services, including check cashing, money transfer, bill payments, money orders, and exchange of retail gift cards for cash. Some stores also offer installment and title loans, but these are not indicated for Silver State residents.

Check N Go

Applying for Nevada online payday loans is also a better choice with Check N Go, as its physical presence in the state is limited to one store in Reno. The firm has an A+ rating from the BBB and a great Trustpilot score of 4.3 and is known for its efficient customer service.

Pros

Cons

Lending Offer Overview

The most significant issue with Check N Go’s offering in Nevada is that there’s little information on the rates and fees it charges. The firm is generally known for high APRs, so customers should expect expensive loans. The site hints at different rates for in-store and online payday loans for Nevada, but the links to the finance schedules don’t work. We have seen this issue with Check N Go’s loans in some other states as well, but with no legal limits on APRs in Nevada, the lack of information is of much greater concern.

While the firm’s application process is simple and the approval quick, it doesn’t offer same-day funding in Nevada as it does in many other states. Funding is likely to take at least one business day for Nevada payday loans, online or in-store.

The minimum loan term is five days in stores and 10 days for online loans. The maximum loan amount depends on your gross monthly income. The firm allows borrowers to extend their payday loans up to three times, not exceeding 60 days from the expiry of the initial period.

While credit is mentioned as a factor in the underwriting process, reviews show that Check N Go is a good option for customers looking for payday loans online for bad credit in Nevada.

Other Features

Check N Go’s services beyond payday loans are also limited in Nevada. It doesn’t offer installment or title loans and several other services it does in other states. However, customers can buy prepaid debit cards from its Reno store.

FAQ

Are payday loans legal in Nevada?

Yes, payday loans are legal in Nevada. However, given the relaxed laws for such loans in the state, we strongly recommend comparing different options for the best rates and understanding your rights as a borrower.

How many payday loans can I have in Nevada?

According to the laws for Nevada payday loans, you can have only one payday loan per lender at any time. However, there is no rule regarding the maximum number of outstanding loans across different lenders.

What is the statute of limitations on payday loans in Nevada?

The statute of limitations on payday loans in the Silver State is six years.

The Bottom Line

In jurisdictions with few restrictions on lending rates, it is vital to compare the different lenders and understand the laws to ensure you don’t get fleeced. Any of the licensed and experienced providers of payday loans Nevada residents can get reviewed above should prove a viable option for secure borrowing. Now, you just need some research of your own to identify the best firm for your needs.

Always remember to borrow responsibly and never take out more cash than you can reasonably repay.

Your BalancingEverything Team

References:

MoneyLion

UStatesLoans.org

Consumer Federation of America

Check City

Speedy Cash

Advance America

Check Into Cash

Check N Go