Payday Depot positions itself as a free, online loan-matching service rather than a direct lender. The company's platform allows consumers to fill out a single application, which is then shared with a network of lenders who may offer them loan products, including payday loans, installment loans, and loans for individuals with bad credit. The company does not make credit decisions, set loan terms, or fund loans itself. Its primary business is generating and selling leads of potential borrowers to direct lending companies.

Founded in

United States