Pride Payday Review

Pride Payday Review Pride Payday says that you can apply for a loan that is 100% secure and online. They say you’ll get a decision in two minutes, and that they are open 24 hours a day, 7 days a week.

They say that it doesn’t matter if you have bad credit, and no references, they don’t require any faxing, and you can get up to $1000 directly into your bank account. Perhaps the most interesting claim is that they say they are the number one name in online payday loans, and that they can get this money into your account quickly.

We’ve seen claims like this before, because it’s a very competitive marketplace and every lender will try to lure in a new borrower using similar tactics. But what do they really mean, and what is it really like to actually go through the borrowing process with a broker like this?

Pride Payday Review – What You Need to Know

When sizing up a payday lender and deciding if you want to do business with them or not, you have to take into consideration the fact that there are plenty of lenders all wanting to give you cash, so you have to pick the best one that makes the most sense for you. Pride Payday points out that the interest rate ranges from 65.35% all the way to 1409.36%, that’s quite a range and it would be nice if they could narrow that down a bit more so you have a better idea of what to do. They also point out that they are a broker and they deal with many lenders so that is why the range is so great. It’s also important to keep in mind that they will not be sending you the money directly, but rather passing your information along to a lender.

Insecure Application Page
Even though they list the application page is a secure page, it is not. There is no https in the address bar, so the page is not encrypted, and therefore not secure. This is one of the biggest oversights a company can make if they’re trying to collect your information for the purpose of a loan. They are asking you for some pretty personal and sensitive information, so it is unclear why they would not give you a secure page, especially when they advertise it as such.

Decision in Minutes
Getting a decision in minutes in regards to a loan is something many creditors will say they can do, but in reality this is not the case. Since they are a broker, they have to get an answer from the actual lender, and this is going to take some time. They may be able to pre-qualify you, and maybe that is what they are talking about, perhaps they tell you yes or no based on your information, but that is a pending decision based on someone looking at your details.

Open 24/7
They also claim that they are open 24 hours a day and 7 days a week, but that really doesn’t matter because if your bank is not open, you won’t be able to get the money until the next business day. So even though you may be able to access their page in the middle of the night, or on a weekend or holiday, they can send the money out only when your bank is open and ready to do business. It’s nice to be able to access a site like this and get the information you need, but nothing is going to really happen when you’re not in normal business hours.

Our Recommendation
There aren’t a lot of reasons we can come up with why you should do business with Pride Payday, they have an insecure application page, don’t provide a lot of information in regards to how the loan process works, and many of their claims really don’t pan out when you actually go through the process of loaning with them. Since they are a broker and not a lender they are in competition with all of the other brokers and matching services out there, so there are plenty of choices for you to make, we just can’t see why you would want to go with these this broker.

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