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Instant payday loans from direct lenders
There are certain times when you may need immediate financial assistance and can’t afford to wait for days or weeks for a bank loan to be approved. One of the best and fastest ways to get cash is applying for direct payday loans with guaranteed approval.
How to get an instant payday loan
Applying for instant payday loans is really easy and simple. There’s no need for repetitive meetings with representatives from various lending companies before getting a loan. The number of documents you need to submit together with your payday loan application is significantly smaller compared to what you’re required to submit when applying for a bank loan.
When you fill out an application for instant payday loans direct lenders, you must have a checking account with a bank where checks can be withdrawn. The loan approval process will be delayed If you refuse to provide the necessary documents as proof of employment.
Simple and easy to get payday loans
With guaranteed direct payday lenders you can borrow as much as $50 or $1500, depending on how much you need and how consistent your income is. The amount you owe is usually directly withdrawn from your savings account by the end of the repayment period. You can also make several small installment payments to slowly pay off the payday loan during the loan tenure. Managing unexpected financial situations with payday loans is now easy and fast.
What are the fees?
The interest rates for instant payday loans online are much higher than traditional bank loans. This is partly justified by the risk that payday lenders take in not seeking collateral from borrowers, lending money to applicants with bad credit history and only asking for basic personal information and documentation. The total costs associated with short-term payday loans could be as high as 30% of the amount borrowed.
Things you should know
There are many ways in which people with malicious intention can take advantage of you and your need for instant cash. There are things that you should know and do to protect yourself. You should always ask for a license. It’s important to check this license when you’re looking into a payday loan service as a licensed business must comply with state laws. You should also watch out for hidden fees and read the terms presented to you carefully before signing anything.
Make sure you’re in direct contact with a payday lender. It’s much easier to deal with a lending service if you can directly speak to representatives on the phone. It’s important to know that though there are many dubious lending companies out there, direct lender payday loans is a great service if you can find the right company with a track record of customer satisfaction and honest business conduct.