Money shortages cause a desperate search for good loan deals. When caught in a difficult financial situation between paydays, or when hit by an emergency situation requiring fast money solutions, one can either ask relatives or friends for financial help or apply for a loan. However, how to get money fast when bank loan procedure is so time-consuming and tedious? Payday loans from direct lenders are small short-term emergency loans intended for people of all credit types. One can borrow any amount of money that is $1500 or less. There are direct cash lenders who offer larger payday loans. These loans have a short-time repayment period, which usually takes from two to four weeks. The pay loan repayment period may also be subject to extension up to ninety days or more. Nevertheless, such an extension may be and usually is connected with additional costs being added to the total cost of the loan.
Once one decides to take out a fast payday loan, he/she can apply personally at a payday lender’s office or online by means of a site like this, where one is connected with a number of direct lenders at once. It’s up to the borrower, which way he/she will decide to apply. Nevertheless, it’s worth noting that fast pay loans online take much less time and effort than traditional loans. It happens so due to the fact that one can apply from the privacy of one’s home, with a few mouse-clicks. Online pay loans have a very uncomplicated and undemanding, which makes them a fast and reliable source of money in times of financial distress.
In order to apply, one needs to fill out a short, simple and secure online application form, which will take less than five minutes. It is required that the applicant provide personal information details such as bank account number, ssi number, mailing address, etc. After the loan application is completed, the applicant submits it to our network of lenders and waits for approval.
After application form is submitted, it undergoes verification. The verification process is fast and simple. It involves no paperwork, no faxing of documents and credit check. The verification process is tailored so that it ends in fast approval or denial. The verification process doesn't always involve a credit check, which very much increases the chances of getting a loan fory people with bad credit score or by people with no credit. Payday lenders perform credit check but it’s not a decisive factor in pay loan approval process. Loans are approved on the basis of the borrower’s income and his/her capacity to repay the loan. Once the approval status is granted, the lender contacts the borrower to discuss the terms and conditions. When the borrower considers the terms and conditions proposed by the lender as fair and affordable, the loan agreement is signed. After that, the lender directly transfers the loan money onto the borrower’s bank account.
When one suffers from lack of money, time is not an ally. In difficult financial situations, money is needed fast in order to resolve the problem as soon as possible and eliminate the risk of things getting worse. Fast pay loans are a quick source of money. The lenders guarantee money same day. Some of them guarantee money in one hour.
Disclosure: Our lenders may offer you a loan with an APR ranging from 390% to 780% based on a two-week loan.
The APR on a short term loan represents the amount of your loan, cost of the loan and term of the loan. Example: You borrow $100 for two weeks. A lender can charge you a $15 fee, which means you will have to repay $115 to the lender at the end of the term. The cost of the $100 loan is a $15 finance charge, which anounts to an annual percentage rate of 391 percent. Loans on the lower end of the APR range may be for a larger loan amount and for a longer term. Loans on the higher end of the APR range may be for a smaller loan amount and for a shorter term. Depending on your credit needs, and desire to pay your loan off quickly, your lender may only offer you loans with an APR near the high end of the range displayed.
NOTICE: THIS IS AN EXPENSIVE FORM OF CREDIT. A SHORT TERM LOAN SHOULD BE USED FOR SHORT-TERM FINANCIAL NEEDS ONLY, NOT AS A LONG-TERM FINANCIAL SOLUTION. CUSTOMERS WITH CREDIT DIFFICULTIES SHOULD SEEK CREDIT COUNSELING OR MEET WITH A NONPROFIT FINANCIAL COUNSELING SERVICE IN THEIR COMMUNITY.
If you do not pay your loan according to its terms, your lender may: • Charge you late fees • Send your account to a collection agency • Report your information to a consumer reporting agency, which may negatively affect your credit score • Offer to renew, extend or refinance your loan, which may cause you to incur additional fees, charges and interest
We are not a lender. Only your lender can provide you with information about your specific loan terms and APR and the implications for non-payment of your loan. Ask your lender for their current rates and charges and their policies for non-payment.