In the age for the virtual consumer it seems as though everyone is doing their business on the internet rather than through traditional channels. Technology has made it possible for our world to be made into one large web, with each individual able to follow their own threads to find their way to their comrades, business associates, and lifestyles.

The process of lending money has become a part of this web. Once before you would have had to walk into the town bank in order to fill out an application to get a loan, and you would then proceed to spend the next three weeks pacing the floors of your house while the bank met as a committee to determine the merit of your loan, run your credit history, review you and your references and basically tie up the entire process for as long as possible.

With the introduction of the internet to the world the ties are gone. The process of applying for a loan is now free and painless. Results come back in as little as one hour, you are given your money shortly after that and you are allowed to move on with your life. The process of applying for a payday loan over the internet is simple; fill out an application. The application will be linked almost directly to the company’s homepage.

Once you have filled out the application they will ask you to fax your paystubs to them so that they can be sure that you are not scamming them by borrowing money that you do not have the means to repay. That paystub will be reviewed, and since the process of getting a payday loan is to skip the lengthy process of checking a credit report you will have your answer in as little as an hour. Once a decision has been made your money will be sent to you. Internet lending sites do not mail or fax checks. In order to give you your money as quickly as possible these institutions will wish to directly deposit your money into your bank account. This means that you will have to give the site your bank information, so be careful to confirm that you are in fact visiting a secure site. The last thing that you want to do is borrow money only to have it stolen from you by some savvy young hacker that managed to get hold of your bank account and empty its contents.

There are a number of companies which deal with payday loans in operation on the internet, and unfortunately not all of them are created equal. There are some better than others, some who exist solely to scam their customers and should therefore be avoided at all costs. A recent survey done by AdvanceLoan.net revealed that the following ten companies were judged to be the best of the best in the world of payday lending.

1) Cash Central

2) My Payday Loan

3) Piggy Bank Cash Loans

4) Pay Check Today

5) Cash Advance Network

6) Fast Friendly Loans

7) SL Cash

8) iPayday Lending

9) Cash in One Hour

10) We Give Cash