CPDF informs consumers on financial opportunities through small dollar, short term loans.

CPDF Principles


Empowering Borrowers

With a strong demand for consumer protections and fair lending, the financial market and its investors should provide credit access while keeping loan products affordable. We dedicate our work so that borrowers receive access to credit options despite:

  • Credit Score
  • Employment Status
  • Income Size
  • Debt History

Reporting Lending Practices

Increasingly, Americans from every socioeconomic class and credit history are choosing a short term loan as their preferred financing method. CPDF reports any notable changes whenever a new consumer protection law passes, the lending industry begins providing installment loans with extremely low rates, or any other kind of alteration in the short term loan, payday loan, cash advance loan, and installment loan industry.


Establishing Financial Awareness

Consumer Payday Financing wishes for every American to have the same financial opportunities as the wealthy. Compared to the days when a payday loan or cash advance was the only choice for borrowers who needed cash fast with no questions asked, having an online connection lets a lender connect instantly to any borrower. These new lenders are giving fast approval to short term loans with installment payment plans and fair rates. Those terms are still not widely accepted in the payday lending community.


Alternative Loans

What are payday loan alternatives?

Payday loan alternatives are high quality small dollar, short term loans. Lenders check the borrower's credit history to assess their ability to repay the loan and offer the fairest rates.

  • Fixed Rates - Interest rates are fixed and will not change throughout the loan.
  • Fixed Terms - Loan terms are longer than payday loans and have several monthly payment installments.

Digging through countless loan providers and searching for loans with fair rates and terms can be very time consuming, especially if the borrower needs a fast source of cash. Consumer Payday Financing clears the clutter and concentrates on only high quality short term loans from trustworthy lending companies that give consumers precisely what they want.

Borrowers want easy to follow terms and conditions, the lowest interest rates available, and speedy loan approval. For consumers, this is a simple request. A short term personal loan with monthly installments and a small dollar amount provides credit and financial independence to borrowers. By expanding the availability of the high quality small dollar loan supply, lenders allow borrowers with all credit score types to gain access to an effective financial resource for covering expenses.

Payday lenders usually don't ask for a borrower's credit history or employment status, but these moneylenders do charge unusually high interest rates to cover the risky investment. The presumption that payday lenders are exploiting their customers is false. The reality is that the borrowers accept their strict conditions knowing their poor credit history may not get them fast approval with other lenders. However, the lending market is choosing to offer a higher quality loan alternative to typical payday loan borrowers. A bad credit personal loan offers financial products containing fixed interest rates and equated monthly installments (EMI) to low scoring borrowers. These lower cost loan types give consumers a more responsible choice when they need to borrow money quickly.

There are various types of payday loan alternatives that borrowers use which can be repaid at a reasonable cost. Both personal installment loans and short term loans are identified as having criteria that meets consumer advocate's regulations for high quality small dollar loans. Alternatives to payday loans give borrowers personal loans with fair rates, regular monthly payments in installments, and shorter repayment periods. In contrast to repaying a payday loan in a lump sum on a single due date, an installment loan calculates the total of the interest rate and the amount borrowed and spreads it equally across the loan's length. This can be a safer and more affordable alternative option to open ended credit like credit cards and rollover payday loans.

Financial managers insist that more individuals and households should set aside savings so they are financially prepared when emergency expenditures arise. This is because most people are not protected from unforeseen financial problems, even those making $100,000 or more. A recent statistic reported 25% of Americans making over $100,000 don't have a savings account with an adequate balance. For consumers with bad to perfect credit, a short term loan provides sufficient cash for financing a used car, a larger home, updated appliances, newer furnishings, a smart phone, or extra clothes. These loans are an all purpose loan type. How the loan is spent is entirely up to the customer. The loan purpose flexibility, small borrowing options, and upfront terms are a few reasons why a short term loan offers borrowers some of the best benefits on the loan market.

The many alternatives to payday loans offer individuals a higher quality loan that makes it less likely for them to go deeper into debt, incur outrageous late fees and charges, and hurt their credit scores. The more lenders provide personal loans with short repayment periods, equal monthly payments, and fixed rates, the more consumers will choose a short term loan over a payday loan.