PayDayMax Cash Advance Loans

	Looking for PayDayMax.com ?
	Pay Day Max was a direct cash advance lender operated by SupportSeven LLC out of Chattanooga TN.  It closed its operations in August 2013 under direction from New York Bank regulators for its lending practices.   The company maintains its payday lending websites were operated offshore, and did not fall under the jurisdiction of New York banking regulations and were not required to comply with state law.   The vast majority of payday loan and cash advance service lenders comply with U.S. banking regulations.  Our purpose here is to help you make informed decisions when considering a cash advance. The following payday loan and cash advance services were operated by SupportSeven and have ceased operations; MyCashNow.com PayDayMax.com DiscountAdvances.com If you are searching for an alternative to PayDayMax consider the following lenders.  They have similar fee structures and are both direct lenders. CashNetUSA Fixed $15 Fee Structure Direct Lender CashCentral Fixed $30 Fee Structure Direct Lender

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Payday Loans From CashCentral

CashCentral Lender Services

CashCentral is a direct lender of both payday loans and installment loans with a focus on those individuals which may have a tougher time securing loans do to bankruptcy or lower credit scores.

CashCentral offers some of the lowest loan rates in the industry starting at just $8 per $100 for an 18 day loan, although this varies by state and may not be representative of your actually fees.

Their online loan process is quick and simple.  The applicants provides their personal information, employment details, and a checking account.  Approval takes just minutes and loans approved before 7pm EST will be deposited in your account on the next business day.

Repayment is automatic.  On payment day the full amount of your loan, plus the service fee is debited from your checking account.  You may request an extension of up to 30 days for an additional fee.

Installment Loans

CashCentral offers installment loans from $750 to $5,000 depending on your state of residence.  Repayments are taken either monthly or bi-weekly.   The minimum term for installment loans is 6 months but may be as long as 36 months.

To be eligible for an installment loan from CashCentral you must;

• Have an income history of at least three months.
• Have a minimum monthly income of $1000 after taxes.
• Provide a valid checking account.
• Have a working home telephone number.
• Have a valid Social Security number.
• Be at least 18 years of age.

CashCentral offers some of the most flexible cash advance and installment loan programs in the industry with low service fees.  However, not all states are covered.  The map below shows the states and services provided by CashCentral.

Pros	Cons
Direct Lender Lowest Fixed Fees Flexible Repayment Terms Loans Up To $5,000	Not All States Are Served
Rating:  4.5 Stars

Rating Justification
We rated CashCentral a 4.5 star rating for it's flexible loan programs, simple application process, and helpful customer service.  The only thing keeping them from a 5 star rating is the relatively small number of states they service.

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Payday Loans Online From CashNetUSA

CashNetUSA

I have used CashNetUSA several times in the past unlike many other payday advance lenders, CashNetUSA is a direct lender.  What this means is that you can apply online directly to CashNetUSA and receive immediate approval with cash advanced usually overnight.  Other online cash advance lenders take your information and forward it to a network of lenders to review.  Occasionally this may provide better terms for your loan, but it also means each lender will pull a credit report.  Frequent credit inquiries will reduce your credit score.

Cash advance fees and maximum loan amount will vary from state to state.  But in general I have found CashNetUSA to offer among the lowest loan rates online. 

For example, if you live in my home state of Michigan a payday advance of $600 for 14 days will cost you just $76.  In other words, you will receive a $600 advance overnight, and 14 days later your checking account will be debited for $676.  Though credit card advances are a cheaper form of short term financing, if your credit card is maxed, or if you have no credit cards, a cash advance from CashNetUSA is a very reasonable alternative for your emergency cash needs.

HERE'S A COUPLE TIPS:

1.  When you setup your loan, set it up as a single monthly payroll period even if you get paid bi-monthly.  Why?  Because that loan becomes a 30 day loan instead of 14 days at no extra cost.
2.  Many states allow your payday loan to be extended at no additional cost.  For example, in Michigan a payday loan can be extended over three pay periods.  So if you set up your account for single monthly payroll, that $600 loan, and it's $676 repayment can be spread out over 3 months with no additional fees.  That is cheap money.

**  But won't they check with my employer to varify my pay period?   Maybe, but I've used services likes these a dozen times and not once has my employer ever been contacted.

INSTALLMENT LOANS
Installment loans are also available from CashNetUSA in some states.  Installment loans of up to $2,000 are available with pay back periods of up to 15 months.


States Not Served

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Not all states are served by CashNetUSA.  At this time the following states are not served.  You may review the terms for your specific state at CashNetUSA by clicking on this link.

Arizona Colorado Kentucky West Virginia North Carolina Vermont Connecticutt	Montana Indiana Georgia Pennsylvania New York Maryland New Hampshire
Pros	Cons
Is A Direct Lender Among The Lowest Fees Flexible Repayment Terms Up to $2,000 Advanced	Not All States Are Served
Rating:  4.5 Stars

Rating Justification
CashNetUSA has been given a 4.5 star rating for its uncomplicated application process, informative website, and low fee structures.  They lost half a star due to the fact not all states are serviced at this time.

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MyCashNow Cash Advance

	Looking for MyCashNow.com ?
	MyCashNow provided payday and cash advance style loans until they closed their doors in August 2013.  They were one of several financial services operated by SupportSeven LLC in Chattanooga TN and owned by entrepreneur Carey V Brown.  New York Bank regulators contended that the company's lending practices did not follow established guidelines for U.S. banking.  However Mr. Brown contended that the company operated online servers off shore and therefor did not need to follow the same guidelines required for traditional lenders. Mr Brown terminated services for MyCashNow.com, . PayDayMax.com and DiscountAdvances.com, all operated by SupportSeven LLC.  Mr Brown stated he intends to resume operations for those sites in the near future once details are worked out with banking regulators.  If you are a current customer for one of those lending services, your account has been closed.  You may reapply once the services come back online, or you may seek services from one of the lenders we have listed below.    The following services were operated by SupportSeven; MyCashNow.com PayDayMax.com DiscountAdvances.com Below are two direct cash advance lenders with similar rates and services. CashNetUSA Fixed $15 Fee Structure Direct Lender CashCentral Fixed $30 Fee Structure Direct Lender If you are in need of a small short term loan for emergencies you should first review less expensive alternatives such as borrowing from family members or even friends.  These "no credit" emergency loans serve a useful purpose when managed properly but they are not an effective long term financial or budgeting strategy.

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