There is no single company named "1 hour payday loans." This phrase is used by various online lenders and loan connection services to attract consumers seeking extremely fast, small-sum loans. The business model typically involves an online application process where a decision is made rapidly using automated underwriting. These services are characterized by very high interest rates (APRs) and are intended to be repaid on the borrower's next payday. Many websites using this term are not direct lenders but rather lead generators that collect applicants' personal and financial data and sell it to a network of third-party lenders.

Founded in

Spain