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Fast Payday Loans, Inc. in Hialeah, FL
Florida-only payday lender offering cash advances up to $1,000 with no credit check, same-day funding, and ~25 store locations statewide.
Data compiled from public sources · Rating from CreditDoc methodology
From Free/mo
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Fast Payday Loans, Inc. Review
Fast Payday Loans, Inc. is a direct short-term payday lender operating exclusively in Florida, with approximately 25 physical store locations across the state. The company claims over 30 years in the loan industry, though an exact founding year has not been independently verified. It operates under the regulatory oversight of the Florida Office of Financial Regulation, Division of Consumer Finance — a state licensing requirement for payday lenders, not a voluntary consumer-protection certification. The company is not BBB-accredited and holds no CDFI, HUD, or NFCC designations, which are generally associated with non-profit or mission-driven lenders.
The company's core product is a single-payment cash advance loan of up to $1,000, secured against the borrower's next paycheck. Pricing is straightforward: a 10% transaction fee on the loan amount plus a $5.00 database verification fee per loan. On a $1,000 advance, total fees come to $105. Like all Florida payday loans, these are short-term instruments — typically repaid in full on the borrower's next payday, roughly 14 days out — and Florida law prohibits rollovers or extensions. Borrowers must fully repay before taking a new loan. There are no installment plans, title loans, or credit-building products. The application begins online at fastpaydayloansfloridainc.com but must be finalized in person at a Florida branch; the company claims the full process takes under 30 minutes.
Fast Payday Loans differentiates itself primarily on accessibility and speed. It approves applicants regardless of credit history — no credit check is performed — making it reachable to borrowers who cannot qualify for traditional bank products. With roughly 25 Florida locations, in-store availability is broader than most regional payday operators. Third-party review aggregators reflect consistently positive service experiences: a 5.0/5 Google rating from over 511 reviews, approximately 4.5 stars on Yelp, and 5-star Birdeye profiles across individual location pages with hundreds to over 1,000 reviews per location. Staff responsiveness and fast turnaround are the most frequently cited positives.
The honest assessment is that Fast Payday Loans serves a narrow but real need: immediate cash for Florida residents with no other credit options. However, the product carries the structural drawbacks inherent to payday lending. A 10% fee on a 14-day loan translates to an annualized rate in the range of 260–390% APR — the Florida statewide average is approximately 304% — making it expensive if used repeatedly. There is no money-back guarantee, no hardship accommodation, and no path to building credit through this lender. It is best used as a one-time emergency bridge, not a recurring financial tool. Borrowers outside Florida cannot use this service at all.
Services & Features
Florida-regulated short-term consumer lending
In-store loan finalization at ~25 Florida locations
Next-business-day cash disbursement
No-credit-check loan approval
Online loan application (partial — initiation only)
Paycheck cashing
Payday loans / cash advances up to $1,000
Same-day cash disbursement
Feature Checklist
Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection
Pricing Plans
Cash Advance Loan
Free /mo
- Loan amounts up to $1,000
- 10% transaction fee on loan amount (e.g., $100 on a $1,000 loan)
- $5.00 database verification fee per loan
- No credit check required
- Same-day or next-business-day cash disbursement
- Online application with in-store completion
- Full repayment due on next payday — no installments
Pros & Cons
Pros
- No credit check — approves applicants with bad, thin, or no credit history
- ~25 physical Florida store locations for in-store service statewide
- Entire process — application to cash — claimed to take under 30 minutes
- Same-day or next-business-day cash disbursement
- Simple, transparent fee structure: 10% of loan + $5 verification fee, no hidden charges
- 5.0/5 Google rating from 511+ reviews; consistent praise for staff and speed
- Over 30 years of claimed experience in the Florida short-term loan market
Cons
- Effective APR on a 14-day loan is approximately 260–390% — among the most expensive legal borrowing available
- Florida residents only — no service available in any other state
- No rollover or extension allowed; full repayment required on next payday with no flexibility
- Must visit a physical store to complete the loan — online application alone is insufficient
- No BBB accreditation; BBB rating listed as insufficient information for some locations
- No credit-building benefit — on-time repayment is not reported to credit bureaus
Rating Breakdown
Value 2.0
Effectiveness 1.5
Customer Service 2.4
Transparency 2.3
Ease of Use 4.0
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Frequently Asked Questions
Is Fast Payday Loans, Inc. legitimate?
Yes. Fast Payday Loans, Inc. is a registered company, headquartered in Hialeah, FL.
How much does Fast Payday Loans, Inc. cost?
Fast Payday Loans, Inc. plans start at Free per month with no setup fee. No money-back guarantee is offered.
Quick Facts
- Headquarters
- Hialeah, FL
- BBB Accredited
- No
- Certifications
- Florida Office of Financial Regulation licensed
- Starting Price
- Free/mo
- Setup Fee
- None
- Money-Back Guarantee
- No
CreditDoc Diagnosis
Doctor's Verdict on Fast Payday Loans, Inc.
Fast Payday Loans, Inc. is genuinely best suited for Florida residents in a one-time cash emergency who have no other borrowing options and can repay the full balance within two weeks. The main caveat is cost: at roughly 300% APR, repeated use creates a debt cycle that can be financially damaging — this product is a short-term bridge, not a financial solution.
Best For
- Florida residents facing a short-term cash emergency who have no access to bank loans or credit cards
- Borrowers with poor or no credit history who need funds within the same day
- People who can repay the full loan amount plus fees on their next paycheck and do not need installment flexibility
- Consumers who prefer in-person service and live near one of the ~25 Florida store locations
Updated 2026-04-29
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Read guide →Financial Terms Explained (10 terms)
New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
Interest & Rates
APR — Annual Percentage Rate
The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Why it matters
Lenders must show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the cheapest loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
Compound Interest
Interest calculated on both the original amount borrowed AND the interest that's already been added. It's 'interest on interest' — and it makes debt grow faster than you'd expect.
Why it matters
Credit cards and many loans use compound interest. If you only make minimum payments, compound interest is why a $3,000 balance can take 15 years to pay off.
Example
You owe $1,000 at 20% annual interest compounded monthly. After month 1 you owe $1,016.67. Month 2, interest is charged on $1,016.67 (not $1,000), so you owe $1,033.61. After 1 year without payments: $1,219.
MAPR — Military Annual Percentage Rate
A special APR calculation used for military servicemembers that includes ALL costs — fees, insurance, and add-ons — capped at 36% by federal law.
Why it matters
The Military Lending Act protects active-duty servicemembers and their families from predatory lending. Any lender charging above 36% MAPR to military is breaking federal law.
Example
A payday lender charges a $15 fee per $100 borrowed for 2 weeks. For civilians, that's technically legal in some states. For military: that works out to 391% MAPR — illegal under the MLA.
Usury Rate — Usury Rate (Interest Rate Cap)
The maximum interest rate a lender can legally charge in a particular state. Charging above this rate is called 'usury' and is illegal.
Why it matters
Usury laws are your main legal protection against predatory interest rates. But beware: some states have weak or no usury caps, and federal banks can sometimes override state limits.
Example
New York caps interest at 16% for most consumer loans (25% is criminal usury). If a lender tries to charge you 30% in NY, that loan is unenforceable — you could fight it in court.
How Loans Work
Collateral — Loan Collateral
An asset you pledge to the lender as security for a loan. If you stop paying, the lender can seize and sell that asset to recover their money.
Why it matters
Secured loans (with collateral) have lower interest rates because the lender has less risk. But you could lose your home, car, or savings if you default.
Example
A mortgage uses your house as collateral. A car loan uses your vehicle. A title loan uses your car title. If you miss payments, the lender can foreclose or repossess.
Fees & Costs
Late Fee — Late Payment Fee
A charge added to your account when you miss a payment deadline. Most credit cards charge $29-$41 per late payment, and many loans have similar penalties.
Why it matters
The fee itself hurts, but the real damage is to your credit score. A payment 30+ days late stays on your credit report for 7 years and can drop your score 60-110 points.
Example
Your credit card payment of $150 is due March 1. You pay on March 18. The bank charges a $39 late fee. If it's 30+ days late, it gets reported to credit bureaus and your 760 score drops to 670.
NSF Fee — Non-Sufficient Funds Fee
A fee your bank charges when a payment bounces because there isn't enough money in your account. Also called a 'bounced check fee' or 'returned payment fee.'
Why it matters
NSF fees hit you twice — your bank charges you AND the company you were trying to pay may charge their own returned payment fee. That's $50-70 for one missed payment.
Example
Your auto-pay tries to pull $350 for rent, but you only have $280 in checking. Your bank charges $35 NSF fee. Your landlord charges $25 returned payment fee. Total damage: $60 in fees.
Legal Terms
Usury — Usury (Illegal Interest)
The practice of charging interest rates higher than what the law allows. Usury laws set state-specific caps on how much lenders can charge.
Why it matters
If a lender charges usurious rates, the loan may be void, penalties can be reduced, or you may be entitled to damages. Know your state's limits.
Example
Your state caps consumer loans at 24% APR. An online lender charges you 36%. That loan may be unenforceable, and you might only need to repay the principal — no interest or fees.
Credit Cards
Cash Advance — Credit Card Cash Advance
Using your credit card to get cash from an ATM or bank. It's one of the most expensive ways to borrow — higher interest rate, immediate interest accrual (no grace period), and an upfront fee.
Why it matters
Cash advances are a debt trap: 25-30% APR with no grace period plus a 3-5% fee. Interest starts the second you withdraw, not at the end of the billing cycle.
Example
You take a $500 cash advance. Fee: $25 (5%). Interest: 28% APR starting immediately. After 30 days, you owe $536.67. After 6 months of minimum payments, you've paid $85 in interest on $500.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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