Florida Payday Lenders: Traditional or Online?
There are two primary ways to secure a payday loan in Florida. One is to go to a walk-in store — the kind of place that typically also offers car title loans and check cashing. The other is to go through a website such as this one: Florida payday loans.
In my experience, the traditional check-cashing places stand in low repute. For example, The Florida Public Interest Research Group once called 19 of these places to audit their finance fees, and 10 of them were charging above the 10% rate cap mandated by state law.
In the online space, however, there is more competition. When you search online, you have as many as 10 or more options, meaning that online lenders have to offer ultra-competitive rates to best the competition. To me, the choice is simple.
