A payday loan is a non-traditional short-term credit loan that allows the borrower to get cash quickly. Although payday loan lenders operate in storefront locations, typically a shopping center or “strip-mall”, the majority of these types of lenders are also online. It makes it that much faster. It’s also easier to choose a lender and apply for a cash advance. What You Need for a Payday Loan Application Applying for a payday loan is as simple as filling out a 2 step application and pressing the submit button. Basic information … Continue reading →
A direct payday lender will not be reading your credit report, but all your other creditors will. Some people have never even seen their credit report. Knowing how to read this important piece of information will allow you to see what everyone else does. What Does a Payday Lender or Anyone See on a Report? Did you know that you can get a free credit report every 12 months? Different websites will provide an ongoing free credit bureau check. One that I use and will receive emails if something on … Continue reading →
Who borrows from a payday loan lender? Each year, 12 million people take out short-term payday loans. Here are some interesting statistics on this type of lending: 7 out of 10 of those borrowers use the funds for monthly expenses (rent, utilities, etc.) 5 months out of the year, the payday loan borrower is in debt. Average payday loan is $350 80% of payday loans don’t get paid back in two weeks A payday loan’s interest is $15-$25 for every $100 borrowed Interest Adds Up For the Payday Loan Lender These … Continue reading →
Each snowflake is different, fingerprints have their own identity, one size does not fit all. Similarly, not all payday loan lenders are alike. Bad experiences happen. Fraudulent companies are out there, so no one can be too careful. Payday loan lenders get pushed into a one size fits all categories, and the bad stuff gets thrust upon some other excellent, trusted lenders. How Can You Tell The Difference Between Payday Loan Lenders? One big difference with short-term payday loan lending is the process by which a “brick and mortar” store would operate business … Continue reading →
Payday loan lender know that young adults setting off to college for the first time will be getting a crash course in finances. The life lesson includes more than finances, but living without a parent for the first time, knowing how to be motivated to get class work done, and for some young folks, it will be their first time doing laundry. Payday Loan Lenders Desire Financial Education Preparing a teenager to head out into the world on their own is an emotional time for parents, but learning how to budget … Continue reading →
Some people say that payday loans turn into a cycle of debt. As it is true in many instances, it does not need to be when a person needs fast cash refrains from making rash decisions. What exactly does that mean? Let’s take a look at where some people go wrong with payday loan lenders. Did you know that there is a competitive market with lenders of payday loans? Not all payday loan lenders have the same interest rates attached to their loans, nor do they request the same qualification standards. Did … Continue reading →
Payday loan lenders might have an increase in business if taxpayers missed the July 15 extension for filing income tax for 2019. The normal deadline of April 15 was extended to July 15 in response to the COVID-19 dilemma. All businesses and individuals are eligible. No worries if taxpayers missed. If additional time is needed, there are forms on the IRS website that gives you an automatic six months. Payday Loan Lenders Help With Income Taxes The struggle for people will be to plan for a larger amount of taxes on … Continue reading →
Your bank account information is a vital qualification when applying for a loan with online payday lenders. It is very hard to make corrections to an account when you disclose information from the past to today. Payday Lenders Do No Credit Bureau Check Online payday lenders will request bank information as proof to where funding will go. They will look at payday loan history, and to see the flow of money. An account that shows non-sufficient fund charges will draw some concern. Also, having high negative balances for an extended … Continue reading →
Payday lenders are not the ones who will be looking at your credit score, but every other financial institution will. You need to manage your credit score and know how to maintain it. Whatever you can do, try to increase it, and prevent it from decreasing. Letting your credit score dip just a little could keep you away from the funding you may need. It isn’t only your actions that can hurt your credit. The state of the economy and the financial industry has affected people’s creditworthiness. That’s right, because … Continue reading →
While some borrowers like to use safe payday loan lenders to support their budget after spending more than planned, many others are using them every month just to keep up with the cost of living. Neither of those uses is ideal since the high interest loans carry big fees. They work best when emergency demands are placed on income and going without a payday loan would cost you more in the long run. The price a borrower pays for a short-term payday loan is cost effective when used appropriately. When they are … Continue reading →
There are differing opinions on whether the payday loans online industry should have more government regulation or abolish short-term loans. Even still, some believe more personal responsibility needs to be demanded.
*THE OPERATOR OF THIS WEB SITE IS NOT A DIRECT LENDER. It does not broker loans to lenders and does not make short term cash loans or credit decisions. This Web Site does not constitute an offer or solicitation to lend. This site will submit the information you provide to a direct lender. Providing personal information on this Web Site does not guarantee that you will be approved for a short-term cash in advance loan. The operator of this Web Site is not an agent, representative or broker of any lender and does not endorse or charge you for any service or product. Not all direct lenders can provide up to $1,000. Cash transfer times may vary between lenders and may also depend on your individual financial institution. In some circumstances, faxing may be required. This service is not available in all states, and the states serviced by this Web Site may change without notice. For details, questions or concerns regarding your short-term cash loan, please contact your lender directly. Payday loans online and/or cash advance loans are meant to provide you with short-term financing to solve immediate cash needs and should not be considered a long-term solution. Residents of some states may not be eligible for a payday loan online based upon lender requirements.
** Typically lenders will not perform credit checks with the three credit reporting bureaus: Experian, Equifax, or Trans Union. Credit checks or consumer reports through alternative providers may be obtained.