Consolidating online payday loans

Before we compare Lend Up and Elevate, it’s helpful to have a context for payday lenders in general.It’s no secret that payday loans are one of the most expensive loans out there, but if you need money in a pinch, it may be your best bet.For existing customers, long-term installment loans of up to $1,000 are available with APRs as low as 29.99% and repayment terms as long as 12 months.

Lend Up’s APRs rival those of traditional payday lenders initially, but if you ever need to borrow more money, your rate will decrease (as long as you maintain a good track record).

The only question is: which lender is the superior choice?