What are payday loans?
A payday loan is a small amount of money lent on a short term at a high interest rate, till the borrowers' next paycheck. Also known as cash advance loans, they may help cover sudden expenses and should be used properly. Due to their high cost, payday loans are not intended to be used on a long term basis or for large purchases as it may lead to debt trap.
DirectLoansLenders - Trusted Online Service!
When in need for payday loans, the wisest thing to do is search and compare the online matching services. They provide different offers from online direct lenders to choose from. Although state laws control the short-term lending business, there are some scam web-sites that borrowers should avoid. DirectLoansLenders is a well-known legit matching service for all types of online loans: payday, installment, personal. Get a loan fast, easy and secure, even with poor credit score.
Things to check when applying for payday loans
- APR (varies depending on lender, though some states set interest rate cap);
- Finance charges – the usual range is between $15 - $30 per $100 borrowed;
- The total amount owed;
- Loan term duration and due dates;
- Tiered fees, if applicable;
- Loan extension plans, renewal options;
- Consequences of failing to repay the loan;
State laws force lenders to make the lending process transparent and disclose all terms. Check out our FAQ section, ask questions, read the reviews. Make a final decision and save yourself from troubles in future!
Compare online matching service with traditional in-store lenders
|Traditional, In-Store Payday Loans||Online Payday Loans|
|Open on working hours only.||At Direct Loans Lenders, online application is at your disposal 24 hours, as well as on holidays and weekends.|
|Very crowded loan store, long lines, no privacy!||Private online process from your phone, tablet or laptop.|
|Rude, inept client service. Staff is uncaring about borrowers problems.||We, at DirectLoansLenders.Com, are proud of our customer service! Providing top-notch help is our prime concern!|
|You may encounter hidden fees, tricky conditions, and other traps in the fine print.||Clear Terms, full explanation of all Fees. Our clients know the exact repayment amount as well as late or non-payment penalties.|
|A single lender.||With our service, you may be matched with different online direct lenders.|
|Long reply time because of constant need of extra papers.||Get instant decision from the matched lender.|
|Clients can get only cash advance loans.||Direct Loans Lenders offers a wide range of online loans: untill your next paycheck, installment, for problem credit and for personal usage!|
|Lack of information about risks and rational use of payday loans.||Full FAQ and Responsible Borrowing and Lending guide. We take care of our customers and unveil all the dangers of irresponsible financial behavior.|
Prepare documents and apply online. Payday loan requirements.
Gather your National ID, job info and bank details to speed up the procedure. Short-term loans have many perks: no hard credit check, credit rating is not essential, no faxing and no paperwork is required in most cases. Borrowers must meet basic criteria to be eligible for online cash advance.
Be at least 18 years old.
Minimal Monthly Income
Have a valid source of income of at least $1,000 per month.
Have an active bank account. All lenders insist on exact details of checking or savings account, routing number.
Have U.S. citizenship or be a U.S. resident. Find information on getting online payday loans for Canada, UK, Australia, New Zealand.
Use easy cash advance only in case of emergency. Payday loans are not cheap, don't borrow more than you need!
All lenders have distinct requirements and may ask for extra data before giving payday advance. Meeting basic criteria does not guarantee loan approval. Keep all papers, emails and lender's contacts at hand. Once you’ve signed an online contract, reach the lender directly, if any issues arise.
Pay off your loan or apply for an Extended Payment Plan
Payday loans are short term loans which borrowers must repay in full with the next paycheck. Yet, sometimes they need more time for loan repayment. Loan renewal or rollover will lead to extra charges. A second payday advance will incur more debt. In this case, users may opt for an Extended Payment Plan and make small payments over a span of few weeks.
Payday Loans Online FAQ
Q:How fast can I get the money?
A:The funds get to be accessible on the borrower's bank account in one business day. It is crucial for the client to give correct bank details. Ask the lender for same day loans!
Q:What is the largest amount I can borrow with payday loans online?
A:Online cash loans are limited within $100 and $1,000 to solve urgent issues that need immediate money aid.
Q:Can I get a short term loan if I have poor credit?
A:Yes, our online direct lenders accept applications from people with bad credit and give them loans. Though, some people may not qualify for any loan, so loan approval is not guaranteed.
Q:When is a payday loan needful?
A:When somebody needs cash fast - online cash loan can be an option. Health issues, past due bills can't wait till the next paycheck.
Customer satisfaction comes first.
Online cash advance is a legal tool for unplanned expenses. Though critics cite these loans as very expensive, the truth is that if used correctly they are worthy. At least 86% clients consider payday loan useful. More than 88% are pleased when using it for the first time. Study the information on our website and use online payday loans wisely!