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PayDayAllDay in Cleveland, OH
PayDayAllDay Cleveland, Ohio — PayDayAllDay offers payday loans and cash advances ($250-$5,000) with same-day or next-day funding through online and in-...
Data compiled from public sources · Rating from CreditDoc methodology
PayDayAllDay Review
PayDayAllDay is a payday lending storefront operating since 2019, with physical locations across Ohio including Columbus, Cincinnati, Cleveland, and Findlay. The company positions itself as an accessible emergency cash solution for borrowers who need quick funds for unexpected expenses. They claim to specialize in serving customers with damaged credit histories, positioning themselves as an alternative to traditional lenders who deny applicants based on credit scores. The company operates during extended hours (8am-10pm daily) and offers both online and in-person application options.
The company offers payday loans and cash advances ranging from $250 to $5,000, with stated loan amounts available to borrowers with income of at least $1,000 per month. They advertise "competitive interest rates" but do not disclose actual APR, fees, or terms on their website. Applicants need to be 18+, have a valid ID, proof of income, an active checking account, and provide contact information. They claim to offer free consultations both online and offline to explain loan terms and costs.
PayDayAllDay distinguishes itself by explicitly marketing to bad-credit borrowers, stating they "believe in second chances" and mentioning special offers for customers with good credit histories. They emphasize quick application processes, claiming minimal documentation requirements and rapid lender review. The company maintains a local presence across multiple Ohio markets with dedicated branch managers at each location, including Joshua Mattoon in Columbus.
PayDayAllDay is a high-cost short-term lender typical of the payday lending industry. While they serve an urgent financial need, payday loans carry substantial risks including high APRs (often 300%+ annualized), short repayment windows (typically 2 weeks), and documented cycles of repeat borrowing and debt traps. The website lacks critical transparency on actual interest rates, fees, and loan terms—all essential information for informed borrowing. Consumers should carefully evaluate whether alternatives like credit union PALs, employer advances, or emergency assistance programs would better serve their needs.
Services & Features
Bad credit loan options
Cash advances
Checking account link for fund disbursement
Free in-person consultations
Free online consultations
Identity verification and fraud prevention
In-person loan applications at physical locations
Income verification services
Loan servicing and account management
Multi-location access across Ohio (Columbus, Cincinnati, Cleveland, Findlay)
Online loan applications
Payday loans ($250-$5,000)
Feature Checklist
Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection
Pros & Cons
Pros
- Extended business hours (8am-10pm, 7 days/week) for convenient access
- Multiple physical locations across Ohio plus online application option
- Fast funding claims with same-day or next-day processing capability
- Low documentation requirements (no extensive paperwork collections)
- Explicit willingness to serve borrowers with bad credit and damaged credit histories
- Loan amounts up to $5,000 available to eligible applicants
- Free in-person and online consultations offered before applying
Cons
- No APR, interest rates, or fee information disclosed on website—critical transparency gap
- Loan terms and repayment schedules not specified, making cost comparison impossible
- Payday loans carry significant risk of debt cycles due to short repayment periods and high costs
- Minimum income requirement of $1,000/month may exclude very low-income borrowers
- No mention of alternative debt management resources or financial counseling options
Rating Breakdown
Value 2.0
Effectiveness 1.5
Customer Service 2.2
Transparency 2.0
Ease of Use 3.9
Compare the Best Personal Loan Options
See which lenders actually approve borrowers with bad credit. We compared APRs, fees, minimum scores, and funding speed.
Frequently Asked Questions
Is PayDayAllDay legitimate?
Yes. PayDayAllDay is a registered company, headquartered in 18013 Cleveland Pkwy #210, Cleveland, OH 44135.
Quick Facts
- Headquarters
- 18013 Cleveland Pkwy #210, Cleveland, OH 44135
- BBB Accredited
- No
- Starting Price
- Contact provider
- Setup Fee
- None
- Money-Back Guarantee
- No
CreditDoc Diagnosis
Doctor's Verdict on PayDayAllDay
PayDayAllDay is best for borrowers facing genuine emergencies who lack access to credit elsewhere and need funds within 1-2 days. Critical caveat: The website's complete lack of APR and fee transparency is a major red flag; borrowers must contact the company directly to learn actual costs before applying, as payday loans typically cost $15-$30+ per $100 borrowed (300%+ APR annualized) and carry high re-borrowing risk.
Best For
- Borrowers with urgent short-term cash needs and no access to traditional banking products
- Customers with poor credit scores who are denied by conventional lenders
- Individuals who prefer in-person interaction and already live in served Ohio 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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