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Payday Loans Direct Lender

 

Payday Loans from Direct Lenders: Fast Approval, No Credit Check Needed

Direct lender loans serve as an alternative for bank personal loans when someone needs money instantly and with no hassle. Online direct lenders are available 24/7/365 and you don't have to leave your home to get the cash. Read on to find how to get a payday loan from a direct lender most quickly and efficiently.

Direct Payday Loans Overview

Traditionally, when we want to borrow money, we go to a bank. Commercial banks offer a wide variety of credit products: personal and installment loans, credit cards, mortgage loans, etc. But there is one hitch: to take advantage of one of these offers, you must be a "credible" borrower, from the bank's point of view. If you lack credit points or have no time to wait for your application to be processed, you may opt for fast direct lender loans. Unlike banks, direct lenders do not conduct a credit check and approve most applications immediately.

The Mechanism of Direct Lender Payday Loans

Direct lenders are private non-banking companies that provide small loans to individuals. Typically, they carry out their activities online, which allows them to speed up the process significantly. The mechanism of online loans by direct lenders is pretty simple to understand, as all non-prevalent steps are excluded. A borrower applies online using a simple standardized form and waits for the answer. Once the application is processed and approved, he accepts the loan agreement and gets the money.

Benefits of Taking out an Online Payday Loan from Direct Lenders

One may want to obtain direct lender payday loans for various reasons. Let's figure out the most important benefits provided by loans of this type. 

  • Direct lender payday loans are fast. You guaranteedly get cash within 24 hours.
  • Direct payday loans are easy to apply for. Minimum papers are needed.
  • When dealing with direct lenders, no credit check is required.
  • With direct payday lenders only, bad credit customers are eligible.

As you see, the perks offered by direct lenders online are numerous. You can take advantage of them by submitting a quick application now.

How to Get a Payday Loan with Bad Credit from Direct Lenders

Actually, it makes no problems, as an application form is standardized. It doesn't matter whether your credit score is high or low – the procedure of applying is always the same. For issuing a fast loan, direct lenders don't conduct a credit check. They just quickly scan your personal data and check your employment information. This is enough for providing a payday loan to you.

How We Help Find Direct Lenders for Bad Credit Personal Loans

Seeking the best payday loans is quite a time-consuming process, as there are too many offers to choose from. We help make it as fast and comfortable as possible. On our site, you'll find the list of payday loans online from direct lenders only. We pick out reliable and honest companies, providing direct lender payday loans online under favorable terms. If you have no time to waste, check the list of payday loan direct lenders recommended by our experts. 

Things to Consider When Choosing Direct Lender Loans

We've prepared some tips for those who don't know how to select a fast loan direct offer. While many of them look similar, you need to focus on some important details to make the right choice. 

  • the annual percentage rate (APR), which can vary from 391% to 521%;
  • the maximum amount available (500, 1000, or 1500 dollars);
  • the minimum and maximum repayment period (2, 4, or 6 weeks)
  • availability of roll-over (prolongation).

Try to estimate your real needs before applying for a loan and choose the one with the best features available.

Things to Avoid When Searching for Quick Loans Direct Lenders Provide

While the quick loans direct lenders offer have a bunch of advantages, you must think twice before making an application. The problem is that bad credit installment loans online from direct lenders are much more expensive than traditional bank loans. This is why you should avoid taking out more than you really need. When it comes to payday loans, every extra dollar results in extra expenditures in the future.

Are You Eligible for Installment Loans from Direct Lenders

Direct lenders provide installment loans very rarely. Normally, all payday loans are to be returned in a lump sum. As for the eligibility criteria, they are pretty similar to different companies. To get any payday loan from any private lender you must have US citizenship and be, at least 18 years old. Besides, you should be employed or have an alternative proven source of regular income. Finally, you'll need an active account (ideally, a checking one) in an American bank. The loan money will be credited to this account.

Frequently Asked Questions

Where can I find a payday loan direct lenders only?

If you need a fast online loan with no credit check, check our ranking of lending companies. We offer loans from direct lenders only. Just specify your requirements, and we'll help you find the best possible option.

What is the max loan size to apply online?

It depends on the restrictions set by your state government. In most states, a payday loan can't exceed 1000 dollars. 

I can't repay my loan on time. What should I do?

You need to contact the lender as soon as possible and tell about the problem. Many lenders allow their customers to "rollover" payday loans. Keep in mind, however, that the finance charge will grow significantly.

The Bottom Line

Loans from direct lenders are an effective alternative for traditional bank loans. They allow you to get cash quickly and with no question asked. No matter what your purpose of taking out a loan is – direct lending companies are ready to provide you the desired sum within 24 hours. This is an optimal solution for everyone, including bad credit customers.

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