When you apply online for a payday loan with a direct lender, you can have your application approved within minutes. Online payday lenders render their services extremely fast, because they have put an advanced technology in place that processes each loan application electronically in real time. This means that your payday loan is ready for you in a matter of hours.
Cash in minutes
In many instances you receive cash deposited in your account in less than an hour. Of course, as it often happens in real life, a large number of loan applications can slow the process down a little bit. In most cases borrowers receive their cash advance the same day but there are occasions when you can have a money transfer as late as the following business day.
We provide you with an easy application form that you can easily complete in a matter of minutes. All applications are processed by automatic approval system.
No credit check
Our network doesn’t conduct a credit check, which creates a great opportunity for people with bad credit. If you happen to have less-than-a-perfect credit, you don’t have to worry about it at all.
For example, you receive ssi benefits and need a small cash advance. If you have decided to apply for a payday loan for ssi with a direct lender, you must be very straightforward about repayment terms. As you are well aware, payday loans are short term loans that need to be repaid at you upcoming payday. As soon as your paycheck or benefits arrive, you have to make loan repayment. This is often the cause of a lot of trouble for people, who needed money really bad but couldn’t afford to pay it back in a lump sum. If you feel that you won’t be able to make a single payment, you have to talk to the direct lender and ask for monthly payments. Most lenders will avail you a payday loan that you could pay back in installments. This is a more expensive loan but at least you will avoid problems with penalties, late fees, collection agencies and the like. You can always negotiate better conditions and fees.It would be wrong if you didn’t try to get a better deal. Online direct lenders are in the business of making money. If you default on your payments, this cost them a lot in lawyer fees, collection agency fees, and etc. They want to give you as much flexibility as possible, so that they could make a buck that they wanted to make. It can be less, but still profitable.
In summary, if you want a payday loan, think of the amount you will be able to repay in a lump sum. If you need more than that, ask for a payday loan with monthly payments. Negotiate the fees and terms, so you don’t have any problems with the lender in the future.