Direct Payday Loan Lenders
In today's uncertain economic market, it can often be difficult to make it from payday to payday. In fact, even putting food on the table at the end of a pay period can sometimes be hard, especially since many people have been forced to take lower-paying jobs than they once had. When faced with extra expenses such school supplies for children, holidays, car repairs or emergencies, paying for these things can seem next to impossible.
Fortunately, there is hope. A direct payday loan lender can loan you the money you need to make it through to the next payday, usually without a credit check or even any collateral. This type of a lender is an entity that makes small, short-term loans repayable at the time you receive your next paycheck. Depending on the direct payday lender, these loans can be for maximum amounts of anywhere from $500 to $1500, and they may be due either in full or in part on your payday. In some cases, you may even be able to pay only the loan fee and roll the remaining amount into a new loan.
The Truth About Direct Lenders
Generally, a direct payday loan requires only a couple of things. You must have a regular source of income, either from a job or a government program, you have to be at least eighteen years of age, and you need an account where the money can be directly deposited. In most cases, you are also required to make a minimum of $1000 a month at a job or $800 from welfare or social security. Unlike a bank, a direct payday loan provider does not require you to fill out multiple forms or to have good credit. Instead, you fill out one simple form, and the money is often available to you right away.
Most direct lending payday loan companies direct the process from their own office, but many lenders also offer customers the option of a direct online payday loan. This provides customers with the convenience of taking out the loan in their own home, and a direct online payday lender is usually available 24 hours a day. The process can also be faster than taking out a loan at a payday loan office; approval takes place in minutes, applications are processed immediately, and the funds are processed electronically. Besides that, taking out a loan online is much more private than doing it in person, and it can be accomplished from anywhere in the nation.
The Perks of Using PowerPaydayLoan.com
Unfortunately, because a payday loans direct lender works one-on-one with you, there is no way to compare rates when you work with a direct lending payday loan company. One way around this is to use an independent service that connects borrowers with direct payday lenders. This allows for comparison shopping, making the direct lenders for payday loan companies work for you rather than the other way around. It also gives you access to many more options than you would otherwise have, and it saves time because the searching is done for you. In addition, lenders are selected based on what you need, so you know that you are working with the direct payday loan lender that is best for you.