PayDaySay Review: Legit But High Cost Loan Marketplace
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- Min. Amount
- $100
- Max. Amount
- $5,000
- Turnaround time
- As little as one business day
Our verdict
A loan marketplace connecting borrowers with fast approvals, even for bad credit, but expect high APRs.
PayDaySay is a loan marketplace that connects borrowers with lenders, offering fast approvals and funding for those with limited options, including bad credit. While it shines in accessibility and quick service, it lacks transparency on loan terms, has high APRs and raises trust concerns with questionable reviews and limited customer service.
Best for: Borrowers with limited options who need quick access to emergency funds.
Pros
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Open to borrowers with good and bad credit
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Fast application and funding in as little as 24 hours
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Works with a wide range of lenders, giving you more options
Cons
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May sell your data
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Limited transparency on APRs and repayment terms
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No BBB profile and customer reviews appear to be fake
Is PayDaySay legit?
PayDaySay is a legitimate platform that connects borrowers with a network of lenders. It uses standard security measures — like an SSL certificate to encrypt data and regular compliance reviews — to protect users’ personal and financial information.
However, there are a few issues that raise questions. The company openly states that it shares customer information with third parties. This means your data could be used for purposes other than your loan application, including marketing products or services you didn’t ask for.
Another concern is the authenticity of customer reviews. Some reviews on external platforms appear to come from fake profiles, which can make it harder to gauge genuine user experiences. PayDaySay also doesn’t openly disclose APR ranges and repayment terms on its website, which indicates a lack of transparency.
While PayDaySay prioritizes data security, the lack of transparency about the terms offered, how your information is used and the questionable authenticity of reviews raise red flags. Borrowers should carefully review the platform’s privacy policy and any loan offers they receive to make an informed decision.
What makes PayDaySay shine?
PayDaySay stands out for helping borrowers who might not qualify elsewhere, including loans to those with bad credit. The application process is quick and easy, and you can prequalify within minutes. Once approved, you could receive funds in as little as 24 hours, making it a great option for urgent financial needs.
With access to a wide network of lenders, PayDaySay gives borrowers the flexibility to compare offers and find what works best. You can borrow up to $5,000, depending on your qualifications and the lender’s terms, which can be a lifesaver when unexpected expenses pop up.
Where PayDaySay falls short
The platform lacks transparency around APRs and repayment terms. Borrowers have to sift through unclear details, including this statement from their website: “We cannot state the precise APR but can offer a sample range from 200% to 2,290%.” Rates this high can make borrowing through PayDaySay a costly choice.
Other concerns include reports of customer data being sold, with users receiving unsolicited marketing texts from other companies after applying. PayDaySay also appears to use fake profiles to post overly positive reviews on social media. And if you need help, customer service isn’t easy to reach — contact details on their website are limited and phone calls redirect to another company where you must leave a message. Issues like these make it hard to fully trust the platform.
PayDaySay loan details
| Minimum credit score | Not stated |
| APR | Varies by lender, but could be as high as 200% to 2,290% |
| Loan amount | $100 to $5,000 |
| Repayment terms | Short term, varies by lender |
| Funding time | As little as one business day |
| Availability | Not available in: Alaska, California, New York, West Virginia |
| Fees | No application fee Other fees vary by lender |
PayDaySay contact information
| Phone number | 650-457-0517 |
| Customer service hours | Not provided |
| admin@paydaysay.com | |
| X, formerly Twitter | @PayDay_Say |
| @PayDaySayService |
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How to qualify for PayDaySay
As a loan referral service, PayDaySay is open to many types of borrowers, including those with bad credit. Here are the basic requirements you’ll need to meet to qualify for a loan with one of their partner lenders:
- Be a US resident or citizen
- Be 18 years of age or older
- Earn a steady income that can be verified
- Have a valid bank account in your name
You must also reside in a state where PayDaySay is authorized to operate. If you live in Arkansas, California, New York or West Virginia, you’ll need to find another source of funding.
How to apply
You can apply for a loan through PayDaySay either on their website or via the app. Once you’re on their platform, here’s what you need to do:
- Complete the preliminary application form. Provide basic personal, financial and employment information.
- Provide banking details. Link your bank account by entering the necessary details for fund deposits and repayment.
- Prequalify with a soft credit check. Submit your information to receive loan offers from PayDaySay’s network of lenders.
- Review loan offers. Compare the available options and choose one that fits your needs.
- Finalize your application. Complete an application on the lender’s website, which may include a hard credit check and providing additional documentation.
Once approved, the funds are typically deposited into your bank account within one or two business days, depending on the lender.
How PayDaySay compares to other lenders
What is the Finder Score?
The Finder Score crunches 3+ types of short-term loans across 65+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you're comparing the best short-term loans for all credit types, you can see how each short-term loan stacks up against other short-term loans with the same borrower type, rate type and repayment type.
PayDaySay reviews and complaints
| BBB accredited | No |
|---|---|
| BBB rating | N/A |
| Trustpilot Score | 4.7 out of 5 stars, based on 39 customer reviews |
| Customer reviews verified as of | 20 December 2024 |
PayDaySay does not have a profile on the Better Business Bureau website, which is unusual for a company that has been around for over a decade. On Trustpilot, every review is a good one, with all customers leaving either a 4- or 5-star review — an uncommon feat, especially for a company providing installment loans.
You’ll better understand why PayDaySay gets high marks by tracking down reviews on other sites, like Facebook and SiteJabber. At first glance, it appears that PayDaySay has good ratings on these sites, too, but when you look more closely, you’ll see that positive reviews come from fake profiles. Customers who leave negative reviews complain about high interest rates and warn others away from the company.
Reviews on the Google Play Store are mixed, where it has a 3.9-star rating from 1.8K reviews. Those who rate the app well praise its easy application process and fast funding. However, many people complain that the app constantly glitches out. There are also warnings about exorbitant interest rates on loans.
What do people on Reddit say?
There are several comments made by the same Redditor recommending PayDaySay. These comments are usually left on posts where the OP is seeking advice on payday loans or cash advance companies. Comments left by this Redditor sound formulaic, and they never respond to additional comments, which has led other Redditors to accuse the user of being an AI bot.
Frequently asked questions
Is PayDaySay a direct lender?
No, PayDaySay is not a direct lender. It’s an app that works as a marketplace. You enter how much money you want to borrow, and it connects you with matching offers from its network of partner lenders.
Is PayDaySay a cash advance app?
PayDaySay is an app, but it doesn’t technically qualify as a cash advance app. A cash advance app typically lets you borrow a small amount until your next payday without charging you any interest. PayDaySay matches you with lenders that provide short-term loans and charge interest on the amount you borrow — often at high rates.
Can I get a loan through PayDaySay if I have bad credit?
Yes, it’s likely you can. Some of PayDaySay’s partner lenders accept borrowers with bad credit. Just prequalify through the app using a soft credit check to see what offers you qualify for.
Your reviews
Christi Finder
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