Latest posts by George Paunov (see all)
- Direct Lenders No Third Party - November 15, 2018
- 10 tips for taking out a loan online and what to be aware of - July 4, 2016
- How to identify online payday loan scams - July 2, 2016
Direct Lenders No Third Party- Go straight to the Boss
Sometimes, there are challenging moments in your financial life when you absolutely need to meet certain expenses and need cash right away.
Bank loans are not an option in such cases because you cannot wait for a few weeks to get a bank loan approval. You need cash as soon as possible.
In such cases, a direct payday loan with guaranteed approval can address your needs in the best way possible..
How to get an instant payday loan
Applying for instant payday loans is really easy and simple. There’s no need to go through lots of meetings with agents from various lending companies before getting a loan.
All you have to do is to submit a few documents together with your payday loan application. This is significantly less onerous than submitting extensive documentation for a bank loan.
As you fill out the application for instant payday loans direct lenders, a few things need to be in place.
First, a checking account in your name at a bank where checks can be withdrawn is a must.
Secondly, make sure you provide all the necessary documents for establishing proof of employment. These two things will prevent delays in the processing stage.
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The amount you owe is usually directly withdrawn from your savings account by the end of the repayment period.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.
What are the fees?
Online instant payday cash loans are unsecured loans. The lenders of such loans do not insist on seeking collateral from the borrower. The lenders even lend money to borrowers who have a bad credit history.
The entire application process is also quite simple, with only basic personal information and documentation exchanging hands. It is thus natural that interest rates on such unsecured and risky loans are substantially higher than conventional loans.
Sometimes, the costs and fees associated with borrowing these short-term payday loans can run to up to 30% of the loan amount borrowed.
Things you should know
A person opting for an instant online payday loan is in need of cash. This need sometimes gets taken advantage of by people with malicious intent.
There are a few ways in which such undesirable activities may happen. Your responsibility is to be aware of these possibilities so that you can prepare in smart ways to protect yourself.
The first thing you can do is ask the lender for their license. You want to make sure that the company you work with is registered and authorized to do business in your state. They must comply with the local laws. Also, before you sign any document, read the fine print. Read the terms and conditions. Try to spot any hidden fees or charges which may be levied later on.
It is always a good practice to speak directly with the payday lender that you are planning to work with. There is no need to speak to a broker or agent. Direct contact is always as transparent as it gets.
Online lenders sometimes get a bad rep because there are many unethical lending companies that are in the news for all the wrong reasons. That does not make the entire industry bad.
There are great and high-quality payday loan providers who offer a great service. Your job is to find the most reputed and reliable company with a solid track record for good customer service and professional business conduct.