Direct Lender Payday Loans

Finding the right direct lender payday loans is the most important step

Finding the right direct lender payday loans is the most important step

When you apply for a loan online, you would want to make sure that the security and privacy of your information is protected. Finding the right direct lender payday loans is the first and the most important step. The lender should provide an affordable loan to the borrower.  

An instant payday loan is a loan that will relieve you from your financial distress and help you out till your next paycheck. Online short term loans serve as dependable short-term funding that will enable you to overcome a financial crisis. There are many payday direct lenders online where borrowers can find lending solutions. However, not all online lenders can provide their customers with clear, transparent and customizable loans. It is imperative that you find a lender who will offer you a customizable loan with competitive rates and a readily available customer support team.

Direct lenders are safer than brokers or referral lenders as they do not give out your financial information to the highest bidder. Most brokers will get your financial information, then they will sell it to the highest bidder. The highest bidder is the lender who will give you the loan. Direct lenders are not payday brokers and unlike matching services, you will not get spam emails. As a direct lender, you will experience excellent customer service with transparent, concise and clear terms and conditions. The online platform has made borrowing simple. The application process takes less than five minutes and the lender will assess your financial situation before deciding whether or not to grant you a loan. Once you have made an application, the lender will analyze your financial position and recommend a loan amount if you qualify for the loan. It is vital to note that the loans are disbursed as soon at the borrower has verified the information you have given.

What Do I Need To Get A Direct Lender Payday Loan?

What Do I Need To Get A Direct Lender Payday Loan?

What Do I Need To Get A Direct Lender Payday Loan?

The process of application is simple and straightforward. Requirements include a valid national identity card. You must be at least 18 years old and be able to provide proof of recurring income and must have an active checking account. One of the main benefits of direct lender payday lenders is that they will give you a decision as soon as possible. Once you have applied for the loan online, the lending company will analyze your situation and let you know their decision shortly.

Safety of your financial information is important. From your application to getting the loan money in your bank account, the direct lender payday loan company will ensure that your information is secure and does not get to third party. Moreover, the customer support team is available round-the-clock to help the customers answer all questions about the loan.

The loan amount usually varies from $100 to $1000 depending on the lender, the state regularions as well as the creditworthiness of the borrower. Most new customers are given the lowest lending limit first. It is imperative to note that direct lender loans are due on the next paycheck. Moreover, you should understand the differences between a broker and a direct lender before you apply for a loan. The principal difference lies in how they issue loans to their consumers. Direct lender payday loans firms strive to provide affordable loans to borrowers. Direct payday loans are focused on helping the borrower till to his next payday. Direct lenders are more sophisticated and have different loan structures for their customers to choose a loan that best-suits them.

It is imperative to note that you should not consider payday loans as a long-term financial solution. In addition, you should compare interest rates from different lenders before choosing a lending company to work with.

Is There A Difference Between Payday Loans And Short-term Loans?

Is There A Difference Between Payday Loans And Short-term Loans?

Is There A Difference Between Payday Loans And Short-term Loans?

Short-term loans and payday loans are nearly identical products. Payday loans are small amounts given to the borrower to deal with a financial emergency. On the other hand, short-term loans are large sums of money which is repaid over several months. Loan affordability should be taken seriously and the interest charged on the loan varies considerably depending on the lender. As an authorized, responsible direct payday loans lender, you will be given  all the information about the loan before you sign any contract. It is essential that you choose a company with a superb customer team. The customer team will guide you through the entire process. Never go for low quality services.

Direct lenders work by providing affordable loans. A direct lender will process the loan while the broker will process the loan application. It is therefore vital to know whether you are dealing with a broker or direct lenders. First, you can differentiate brokers from direct lenders by looking at what they offer. The broker will allow the borrower to apply for the loan. Once the loan application is duly filled out, the broker will then sell the loan to highest bidder. The broker will want to make a cut from the loan which will in turn increase the overall cost for the borrower. This means the borrower may have a tougher time repaying the loan. There are instances where the lender will evaluate the credit history of the borrower to determine whether he can repay the loan on time.

How Do Direct Lender Payday Loans Work?

make an application online & submit all relevant documentation

make an application online & submit all relevant documentation

A common misconception that many people have is that payday loans are the ultimate financial solution for their problems. According to research, payday loans are only effective in getting you through to your next paycheck. Direct payday loans work like other payday loans. The borrower is required to make an application online and submit all relevant documentation. Once all the important documents are attached, the lender will analyze the financial situation of the borrower before signing off the amount which will be disbursed to his account. With the loans, you do not have to worry about poor credit score or bad credit score.

Who Is A Good Direct Payday Lender?

A good direct lender payday loans takes time to understand the customer’s needs. A good payday lender will put the interest of the borrower first. You should do thorough research on the lending company and always analyze all available information. Look at their customer feedback to get a feel of what to expect from the company.

You should not fall for scams online and always do thorough research on the company you’re interested to work with. Try to look for a lending company that will give you round-the-clock support service because you do not know when an emergency will occur.

Bad Credit Loans Approval Guaranteed

Bad Credit Loans Approval Guaranteed

Bad Credit Loans Approval Guaranteed

Financial mistakes may happen anytime and when an urgent financial need arises, a bad credit loan could solve your problem. Many people have bad credit scores because of previous financial blunders. We all understand that with bad credit score, there is a slim chance of getting the loan. Conventional moneylenders and financial institutions will look into your credit score and this could present a challenge in your quest for financial help. However, payday loans offer help to many people with poor credit scores. Bad credit lenders offers direct loans from lenders and they typically don’t only look at credit scores when assessing how much loan to offer you.

Current economic conditions, credit crunch and financial meltdown could all lead to bad credit. Even if you are struggling with your financial right now and you need a quick loan to take you to your next paycheck, bad credit loans approval could probably work for you. The loan is applied online and there is no huge amount of paperwork needed for the lender to approve the loan. Once you have shown a recurring payable job history, you are above 18 years old and have a current checking account, then you are good to go. All the applications are checked in an automated system and depending on your income, repayment of previous loans, your loan application will be processed very quickly. Lenders consider many factors and you should conduct thorough research to find the best lender whom you can ask for a loan.

Does Credit Score Affect Your Loan?

Does Credit Score Affect Your Loan?

Does Credit Score Affect Your Loan?

This is a common question among people who have poor credit history and they are seeking for a quick approval loan. Credit score is a financial parameter that is calculated with reference to your repayment of loans and based on the level of trust that the financial agencies have on an individual. They will give you a score from 0 to 1000. Zero is the least and with scores heading to zero, it means that you can never be trusted to repay any loan. On the other hand, 1000 is the highest score and it indicates that you are highly recommended to take out loans from any financial institution because you are in a good financial standing. However, do not be dismayed by the ratings and figures because it may discourage you from taking out that much-needed loan. Factors that contribute to poor credit score include loan default, filing bankruptcy, late payments among others.

The lender will check your commitment to repay the loan and make sure that you have a recurrent paycheck before giving you the loan. Different lenders have different parameters to access credit worthiness, so you should not give up when looking for a bad credit loan. If you are applying for a loan, it is essential that you understand all terms and conditions given by the lender before signing off the documents. Always look for a trustworthy and reliable lender who will give you peace of mind.

Why Bad Credit Loans?

Why Bad Credit Loans Approval Guaranteed?

Why Bad Credit Loans Approval Guaranteed?

Most people have bad credit scores and they are looking for a financial solution, therefore the loans offer a platform where they can access this quick cash. It is important to keep in mind that these loans differ from conventional loans in that they are repaid quickly and have a higher interest rate. For you to make the most of bad credit loans, always make sure that you are able to repay the loan within the stipulated time frame. It is recommended that you do not extend the duration of the loan because it will increase your financial burden. An integral part in the loan application process is to understand the laws and regulations of bad credit lending in the state where you are living in. There are limits for the loan depending on the state or country where you are staying. Some cap will cap the loans at $1000, others will reduce the limit to $500.

Poor Credit Rating Is Not a Problem

Poor Credit Rating Is Not a Problem

Poor Credit Rating Is Not a Problem

If you have poor credit because of previous financial difficulties, do not be discouraged because bad credit loans could possibly solve your financial crisis. The loans are useful and often help tide people through tough financial crisis before they get to their next paycheck. Emergencies always arise when you least expect them and they usually occur in between paychecks. Bad credit could offer short-term financial help. An online lender will quickly assess your financial situation before giving you the loan. If you find sites that claim that there is completely no credit check, you should think again. There are minimum standards that you should meet before the loan is approved – you should have a verifiable source of income and a valid national identity card.

Bad credit loans are loans are given on a short notice that need to be repaid by the time you receive your next paycheck. This type of loan is designed to get you through urgent financial obligations and unexpected expenses. When you repay the loan by its due date, you will pay it with a flat charge. Extending the repayment period could lead to a roll over and this complicates the situation because it will be charged. Roll over occurs when the borrower fails to repay the loan within the agreed period. This often attract huge interest because the loan is calculated based on the previous capital plus interest charged. This increases the interest by two times and most people find it difficult to repay the loans. Bad credit loans are loans that are given within a short period. Unlike the traditional lending system and banks where verification process is stringent with a lot of documentation required, your bad credit loan will be processed as soon as possible. The money will then be deposited into your active checking account.

What Do I Need To Get A Bad Credit Loan?

What Do I Need To Get A Bad Credit Loans Approval Guaranteed?

What Do I Need To Get A Bad Credit Loans Approval?

There are a few requirements that borrowers must fulfill for their loans to be approved. You must be at least 18 years old, have a steady source of income and an active checking account. The law states that you are not allowed to get a loan until you are 18 years old. The application process is quite simple. All you have to do is fill out an online application form and submit the required documentation. After this is done, the lender will then analyze the financial position of the borrower before issuing the loan. Direct lenders are the ones you should go to for your loans because you will not have to deal with third parties and other issues arising from referrals. It is imperative to note that when dealing with a broker, brokerage fees are passed on to the final consumer. This will considerably increase the overall cost of the loan.

The first few loans approved are usually of low amounts before you need to build trust with the lending company. In some cases, you may qualify for the maximum loan amount for subsequent loans.

The accessibility and flexibility of the bad credit loans have made them popular among many people. These small loans could cover your financial emergencies. You should always conduct thorough research online to find a lender who best-suits your needs and expectations. The safety and privacy of your financial and personal information is also important and you should find a lender with a secure website where your information will not be sold to third parties.

Online Same Day Payday Loans

Online same day payday loans

Online same day payday loans

Online same day payday loans could be a great solution for people who require a quick financial boost quickly.. Payday loans are provided to bridge the user between the financial crisis and his next paycheck. Payday loans are processed quickly and the turnaround is usually less than 24 hours. If you are in need of a quick financial boost, you can consider applying for an online payday loan from reputable companies.

The loans are typically small and depending on the borrower’s location, the loan amount will vary from $100-$1000. You should understand all the terms and conditions of a loan before you sign on the loan contract. Online same day payday loans go by different names in different states. Other names include deferred deposit, credit access business, deferred deposit, among others. It is essential that you understand all the rules and regulations of the loan upfront.

While the application process may sound complicated to many people, it is actually very easy. For the borrower to get payday loan, he will need to have a working account, valid passport and a verified payable job. In addition, the application process has been streamlined so that the borrower is able to get the loan within a short period. Unlike conventional loans and banking systems where you are required to submit many documents to support your application process, online same day payday loans application process is simple.

Once you have submitted all the required documents, the lender will assess your documents before recommending a loan value. Once approved, the company will send the money to your checking account and you can access the money on the same day. There are rules and regulations governing payday loans in different states.

Reading & understanding the terms and conditions is a critical step

Reading & understanding the terms and conditions is a critical step

Reading and understanding the terms and conditions is a critical step in the loan application process. The lender will need to know your next payday because this is when the loan is due. The application process is quite simple. The lender will not look into the borrower’s credit history or credit score. They are mostly concerned with the ability of the borrower to repay the loan and the intention of taking the loan. You can use online same day payday loans for any financial emergency. Taking out a short-term loan is a huge responsibility and you should only do it during an emergency. The loan is usually meant to be used for temporary financial problems and not as a long-term solution.

How Much Can I Get From Online Same Day Payday Loans?

The amount the borrower can get from a payday loan depends on many factors. The maximum limit given to borrowers vary from one state to another with the loan amount ranging from $100 to $1000. When looking for a lending company, it is essential that you do not just look for cheap loans. The reason behind this is that some unscrupulous individual will claim that they offer very cheap loans. However, they will include hidden charges and fees that will escalate the amount that you are required to repay. It is recommended that you look for a direct lender instead of dealing with brokers. Direct lenders will give you a loan that you can repay comfortably because you are dealing with one company. Brokers, on the other hand, will sell your information to the highest bidder and this will take away your right to choose the best loan.

It is important that you avoid indirect loans or use brokers to get a loan. The broker will include his own commission into the loan given by the lender. As a borrower, you will end up paying more than what you expected. If the company you are dealing with does not have a privacy policy on its website, then you should seek further information about the firm. Privacy policy is a crucial segment because it will determine who has access to your information. Identity security is a vital part of the loan application process. The lender should ensure security of your identity and financial information.

How Do Online Same Day Payday Loans Work?

How Do Online Same Day Payday Loans Work?

How Do Online Same Day Payday Loans Work?

Online same day payday loans works just like any other payday loans. The lender will require the borrower to submit financial information with a valid checking account. Once the credit worthiness of the borrower is ascertained, the money will be deposited into the borrower’s account. Electronic transfer is done online and if you applied for the loan before teh end of a business day, then the money will be in your account within 24 hours of application. In exchange, the borrower is required to allow the lender to withdraw money from his checking account once the pay date is due. In most cases, the loan is due on your next payday. When the loan matures, the lender will deduct the amount from your checking account and it is crucial that you ensure your account has enough money.

The highest payday loan cap is $1000 and this will vary from one state to another. However, it does not limit you to a certain figure. If you qualify for a loan, you can be given the maximum amount upon approval of your loan. You loan can be rejected despite having submitted the right account details or valid employment. There are several reasons for loan rejection. These include you do not meet repayment requirements, you have an outstanding loan, you do not make enough money or you have recently declared bankruptcy.

How Much Does Online Same Day Payday Loan Cost?

How Much Does Online Same Day Payday Loan Cost?

How Much Does Online Same Day Payday Loan Cost?

The cost of the loan varies from one state to another. However, the common interest per cap is $10-$30 per $100 borrowed. Once you have found the right lender, inquire about the interest rates and late penalty fees. Rollovers apply in some states while others do not accept loan roll overs. It is imperative to note that payday lenders do not report borrowers to credit bureaus. However, this does not mean that you can default on your loan. If you fail to repay by the stipulated time, the lender will contact you to find an amicable solution. However, if you continue to ignore your obligation to repay the loan and you are unreachable, the loan is sold to debt consolidation agencies. The debt collection agency will take matters into their hands and visit your office or your house. These agencies can auction your property to recover the loan. However before doing all that, they will consult you and try to work out the best way possible to manage your repayment.

If the collection agencies come to your house and you still can’t pay up, your name will be forwarded to the credit bureaus. Your credit history will affected and the amount of loan.

If you fail to repay the loan, the lenders will continue to deduct the accepted amount from your checking account and at times break the amount into small, manageable amounts that will allow you to repay the loan and still have enough money to get by. It is worth noting that each withdrawal will trigger bank charges on your account. Financial experts recommend that you take your time to assess the lenders before you choose to work with a certain one. This way you can allow yourself time to repay the loan with ease and still maintain your lifestyle.

What are Online Payday Loans with No Credit Check?

Online Payday Loans No Credit Check

Online Payday Loans No Credit Check

Online payday loans with no credit check are short-term loans. When the lender approves the loan, the money is deposited into the checking account of the borrower within 24 hours. Payday loans with no credit check are highly efficient and they are effective in solving financial difficulties arising from unexpected events. Normally, the loan does not involve a lot of paperwork and the processing time is short. Conventional loans will require you to submit a chunk of documents to backup your loan application. In essence, these financial institutions will require you to give collateral for the loan. This will allow them to recover the loan in case you are unable to repay it within the stipulated time.

Bad credit score is the main reason why many people shy away from conventional lending institutions.  However, with online payday loans with no credit check, you do not have to give collateral or wait for weeks for your loan to be approved. Payday loans are taken to cushion the borrower from unexpected bills before he receives his next paycheck.

Different short-term payday loans have different level of risks associated with them. Payday loans with no credit check is a substitute for direct lender loans. In a regular payday loan, the client borrows money that he has to repay by the next payday. Many people view this as a restriction because you cannot borrow more than your income. However, if the borrower decides to borrow an amount that is equal to his income, then he will not have sufficient moneys to sustain himself through the month and this result in a cycle of loans. Financial experts recommend that you go for online payday loans with no credit check. However, you should avoid living in a debt cycle.

Why Choose Online Payday Loans No Credit Check

  • Confidentiality

financial information of borrower is kept confidential

financial information of borrower is kept confidential

The online lending system does not involve a visit to the loan shop. Many people want to avoid embarrassment of being seen in loan shops. Online payday loans have become a savior to many. Direct lending companies take clients seriously and the privacy of the financial information offered by the borrower is kept confidential. Unlike brokers who match you with lending institutions, your information is auctioned to the highest bidder for them to make money. Once you have established a solid rapport with your lending company, you should assess how you can improve your credit rating by repaying the loan on time. All your private information is kept safe and unauthorized persons will not be able to access your credit history or other financial information.

  • Flexible and Consistent

Online payday loan with no credit check is the best solution that the borrower can access instant cash to deal with his financial obligations. The application process is usually fast and efficient. Within minutes, you would have finished your application and the money is deposited into your account.

  • Fast

Conventional loan systems usually take a considerable amount of time before the loans are approved. However, for online payday loan with no credit check, once you have made an application, your application will be reviewed and you will get a response in less than 24 hours. Once your application has been reviewed, depending on your repayment history and current income, you will qualify for a loan. The amount is deposited into your checking account and you can access the money as soon as it is deposited. Loan systems require borrowers to backup their financial information by providing history and collateral in title deeds and other attachable documents. The collateral is meant to cushion the bank against losing their money in case you default the loan. Banks will take up to 14 days before approving a loan. However, for the payday loan with no credit check, once your loan has been approved, you will have the money deposited into your account. You should conduct thorough research to find the right lending company.

Advantages of Online Payday Loan with No Credit Checks

Advantages of Online Payday Loan with No Credit Checks

Advantages of Online Payday Loan with No Credit Checks

There are many benefits associated with online payday loans with no credit checks. It is paramount that you understand your lender well before you select the loan type. Reliability and credibility are the two most essential aspects to take note of. A reliable and credible lender will solve your financial crisis immediately. Benefits of using online payday lenders include:

  • Versatility

When you are looking for a company to give you an instant loan, it is imperative that you find out about the trustworthiness of the site. Transparency is essential. The lender should give you all the information you need to know. Hidden fees and extra charges are common ways that unscrupulous lenders increase the cost of the loan. Versatility of payday loans makes it one of the most sought after loans online. You can apply for the loan at the comfort of your couch and have it processed within a day. You should ensure that the lender offers you a comprehensive review on terms, condition and charges.

  • Good Support Services

Customer support is the most crucial part during the application process. A reputable payday lending firm will have an excellent customer service  team. A good customer support service team will help you understand all the features of the loan. You can ask the support team any questions you may have regarding certain issues about the loan. It is recommended that you contact the customer support services directly and understand all the details of the loan.

  • Timely Application and Processing

Online payday loans with no credit check are easy to apply and the processing time is usually short compared to other types of loans. Familiarize yourself with the application process and ask questions. Seeking clarification from the customer support service team is essential because it gives you an opportunity to understand all the information before you sign the loan documents.

Lenders of no check payday loan does not consider what happened financially in the past and you can access the loan even with bad credit score. The process is not based on your previous financial history but on the current financial situation, regular monthly income and the borrower’s ability to repay the loan within the stipulated period.

Bad Credit Payday Loan: Is It Worth It?

Bad Credit Payday Loan

Bad Credit Payday Loan

It is important that you check how the company handles its loans. Some firms do not offer roll over on loans. When you fail to pay your loan on time, a professional team will handle your situation and find an amicable solution that will help you get the best repayment possible. Bad credit score can limit the borrower’s financing sources. The priority of the lender should be to fulfill the borrower’s expectations by providing affordable loans. Usually short-term loans attract high interests. Therefore, you should know the rates offered and there should be no surprise charges during the repayment period.

With a credible lender, you can log into your personal profile and check your balance as well as recent payments and transactions. This is the easiest way that you can monitor your progress on the loan. Good credit is not a requirement in online payday loans with no credit check. Which means that the borrower will know his financial status within a short period. With online borrowing systems, you can make your application with online loan forms. The support team then assesses the application forms before giving the borrower a loan. You may get your loan  within minutes.

Personal Loans for Bad Credit

Life is unpredictable. Many people are faced with financial challenges and they are looking for personal loans for bad credit. Financial emergencies occur when you do not have enough cash for your urgent financial obligation and this can be challenging. Many lenders online promise you quick cash, but is it important that you do thorough research and know what they offer before falling for them.

Because of the existing bad credit history, conventional lending institutions such as banks and other microfinance institutions cannot lend to people with bad credit scores. However, you cannot improve your credit score within a day and you should look for a quick loan to deal with your emergencies.

Benefits of Personal Loans for Bad Credit

  • Quick Processing

Simple Application Process

Simple Application Process

In essence, personal loans with bad credit is offered to people in need and the application process has been streamlined to reduce bureaucracy that will lengthen the approval process. Once you have submitted your documents, all you have to do is wait for an approval which is usually given on the same day of application. The loan companies will process your information and based on your current income, repayment history and expenses, they will be able calculate the amount of loan that can be given to you.

  • Simple Application Process

Application process for personal loans for bad credit is easy. Once the lender has your employment history, name and address, contact number and a working checking account, he will process the loan. Lenders check a recurrent employee history to ascertain the creditworthiness of the borrower. The checking account that you will give the lender will be used during the withdrawal and payment process. Therefore, it is crucial to understand that lenders require a verifiable bank account.

Lenders give borrowers $100-$1000 depending on their repayment of previous loans. They will give you a loan that you can manage easily. Personal loans for bad credit do not require much paperwork.

How Personal Loans for Bad Credit Can Help You

Consider Interest rate when looking for bad credit loans

Consider Interest rate when looking for bad credit loans

Interest rate is something that you should consider when looking for bad credit loans. Moneylenders have different interest rates and you should go for a direct lender because brokers include charges for matching your profile to the potential lender. Direct money lenders will offer a competitive price and you can get a loan affordably within a short period of time. A major benefit of finding a reliable direct lender is that you can get quick cash to deal with your emergency.

During financial emergencies, many people panic and end up choosing the wrong payday lender. You should take your time to find the best lender. Make a list before you narrow down to one based on the services offered. Bad credit loans guaranteed is a feature that borrowers look for when they have poor credit score. In case you fail to repay your loan on time, you may incur further charges because of loan roll over. Loan roll over loan accrues a higher interest than the original loan as the principal loan and interest is used as capital to calculate the new loan.

Moreover, when choosing a lender, it is imperative to understand all the terms and conditions. Many people rush through the papers and sign without reading or understanding the terms and conditions offered by the lender. There are late penalty and extra charges that could be added to your loan if you do not pay on time. Financial experts recommend that you ask all the questions you want to know about the loans before you decide to take up any. The interest on the loan should not change as time goes by. Extra fees are a common tactic that unscrupulous lenders extort money from unsuspecting borrowers.

How to Find the Best Personal Loans for Bad Credit Lender

How to Find the Best Personal Loans for Bad Credit Lender

How to Find the Best Personal Loans for Bad Credit Lender

The best bad credit lending company will brief you on all the terms upfront. As a borrower, you can assess your situation before you decide to commit to them. When you spend a little time in looking for a good lender, otherwise you will end up paying extra for the loan. It is essential that you take your time to look at the lender’s customer support, privacy policy and interest charges. You need to find a lender who understands what you are going and you would like to get an affordable loan.

Common bad credit loans last for two weeks because they are meant to tide you over till your next paycheck. Before you know it, it’s time to repay the loan and it will begin to accumulate extra charges if you do not repay it on time. Lenders usually charge a fee for the loan processing. If you use a third party loan processor or brokers, then the fee will increase exponentially.

A good lender will not charge extra fees without consulting the customer. Some lending companies will try to hide processing fees and they may end up charging up to $30 on your account without your approval. When you send a loan application, it should be free. The response should be given within a time limit and during the process, if the provider fails to make  all relevant information available to you, it’s best that you choose another lender.

Credit Checking

Credit Checking

Credit Checking

The common question loan applicants have on their minds is whether the lender will check their credit history. We all know that credit score is a number or a coefficient that shows your financial credibility and trust in loan repayment. Any lender will want to assess your ability to repay the loan and they will check all your documentation including credit score. However, this varies from one lender to another.

  • Almost no credit check

In this case, the lender will make a tiny identity check just to make sure that the borrower is not a bankrupt. However, they will focus more on the main requirements such as active checking account, proof of income and age or identity. The loan applied in this category is between $100 and $1000.

  • Non-traditional credit check

This parameter is performed by several lenders when the borrower applies for larger loans. The lender will look at the average income, payment history and all relevant account information of the borrower. However, this is a soft credit check and it visible to the borrower and will not affect the credit score.

  • Traditional credit check

This is the traditional type of credit check and they do not stop at basic information. Here, the lender will check all your credit information and they will inquire your credit history from credit bureaus. It is vital to note that such inquiries will affect your final credit score and you should understand the type of credit check that the lender will use before you choose a loan.

Can I get personal loans for bad credit with a poor credit score?

 

Can I get personal loans for bad credit

Can I get personal loans for bad credit

Many lenders online will analyze your financial situation by going through your documentation and score. Although the importance of credit score varies from one lender to another, you should look for a lender who does not consider your score but checks for your willingness to repay the loan. It is imperative to understand that even with a poor credit score, you can still access affordable loans. The best way to begin your financial rebuilding process is by repaying the payday or bad credit loan and building trust with the lenders.

Financial instability can cause stress to any individual and it is better if you can find the right loan lender who will walk you through the entire process. A major benefit of bad credit loan is that you can make an online application and have the loan processed within a short period. Once you have found the right lender, ask all relevant questions before signing the loan documents.

Missouri payday loan laws overview

When we talk about borrowing money, the residents of Missouri have more than a few lending options to choose from. Probably the most popular type of loan people usually turn to is Missouri payday loans, also known as cash advances. Payday loans can be one of the easiest ways to get cash quickly when you have pressing financial obligations to attend to. In Missouri, there are many payday loan lending companies offering payday loans online or in their physical store. Before you decide to apply for a cash advance, it is for the best that you know all the regulations and rules regarding that type of loan.

With its population of over six million, the state of Missouri takes the 18th place in the United States in most populous states race. In December 2014, the unemployment rate of the state was lower than the national unemployment average rate, standing at 4.8% compared to 5.5%.

Are Missouri payday loans legal?

Missouri Payday Loan Laws

Missouri Payday Loan Laws

Cash advances in Missouri are completely legal. The maximum loan amount you can borrow is $500. Payday loan lending companies provide their services online and on-ground, however, they need to be licensed by the Missouri Division of Finance to do so.

Payday loan lending companies are required by the Missouri payday loan laws to provide their clients with all the needed information regarding their loan contract before they sign it. All conditions and terms of the loan must be included in the contract. Borrowers can cancel all transactions by the next business day.

Why getting a payday loan in Missouri is a good idea?

First off, payday loans are a very fast service. They are quite unlike traditional banks where the process of getting a loan may easily take weeks or even months.

With payday loans, it is a whole different story. The process of applying is extremely fast and simple. You can do the whole thing in the comfort of your home by getting the loan online. Another big benefit of Missouri payday loans is that they are not available only to those with good credit score. With payday loans, you can have a bad credit rating and are allowed to apply for a loan. Another attractive feature is that once you get your money, what you want to do with it is entirely up to you as long as you don’t do anything illegal. Of course with so many benefits, payday loans have downsides too. Probably the greatest of which is their very high interest rate. That is why they are mainly used as a short-term solution and  you need to pay it back by your next paycheck.

Missouri payday loans laws restrictions

  • Missouri payday loan laws restrictions

    Missouri payday loan laws restrictions

    Annual percentage rate. A lending company can charge a maximum of 1,950% APR for a two-week $100 loan.

  • Finance fees and rate. The maximum fees and interest you’ll need to pay for a single loan during the whole period of the loan may not surpass 75% of the initial amount of the loan. To simplify this, the maximum finance charge you’ll need to pay for a two-week payday loan of 100 dollars is $75.
  • Collection fees. The only real legal restriction that state laws have imposed on payday lending companies is that they are prohibited from charging check-bouncing fees over and over again by trying to collect the same check. Lending companies can charge an NSF fee if there is insufficient funds in the account and for collection costs such as attorney’s fees and court costs.

Who is eligible for a payday loan in Missouri?

To get your payday loan, there are certain requirements that you must meet:

  • You’re an American citizen or a permanent resident of the United States
  • You are 18 years old or older
  • You have a steady source of income

In order for your application to be completed successfully, there is more information that you must provide:

  • Your birth date, name and photo ID
  • Your phone number, email and residential address
  • Details of your income and employment
  • If you choose to apply for the loan online, you will also have to enter your bank account details

Cities in Missouri where you can find payday loan lenders:

  • Kansas City
  • St. Louis
  • Springfield
  • Independence
  • Columbia
  • Lee’s Summit
  • O’Fallon
  • St. Joseph
  • St. Charles
  • St. Peters

FAQs

  • Missouri payday loans

    Where to Get Payday Loan in Missouri

    How to file a complaint?

Whatever complaints you have regarding payday loans in the state of Missouri, you should contact the Missouri Division of Finance. You can file or submit a complaint via mail, email or fax.

  • What is the maximum loan term of cash advance loans in Missouri?

The loan term for Missouri payday loans is between 14 and 31 days.

  • How many loans can you take at the same time?

You can have a maximum of $500 of outstanding debt with any one lender at one time.

  • How many rollovers can you get?

You may rollover your payday loan for up to six times, with the condition that you bring down the principal amount by a minimum of 5% with every renewal.

  • What will happen if you are not able to pay back the loan on time?

In Missouri, there are no installment or repayment plan options to choose from. If you default on your loan repayment, the lending company doesn’t have the right to pursue any criminal action against you. You will still be responsible for paying back the loan in full, including  collection and interest fees, plus reasonable attorney’s fees and court costs.

Mississippi payday loan laws overview

In the state of Mississippi, payday loans are completely legal, therefore payday loan lending companies can freely conduct business. Mississippi payday loans are available both online and in physical stores.

Mississippi is named after the Mississippi river which is situated at the state’s western boundary and flows into the Gulf of Mexico. The name of the state is translated from Native American folklore and it means “Father of Waters.” Mississippi was admitted as the 20th state to join the Union. Today, it is the 32nd most populous state in the US. Its largest metropolitan area and capital is Jackson city.

In 2010, the total state product of Mississippi stood at $98 billion. The state is known for having the lowest living costs in the United States.

Mississippi payday loans laws

Payday loans in Mississippi

Payday loans in Mississippi

Payday loans are a type of short-term loans, also known as cash advance in which the borrower takes out a small amount of money which he then must pay back by his next paycheck. In Mississippi, cash advance lenders can offer loans to borrowers with a 22% interest rate, meaning that for each $100 that is given out, $22 must be paid as interest.

The maximum amount a person can borrow with a payday loan in Mississippi is $400 per check and $500 if fees and charges are included. Rollovers are forbidden by Mississippi state law.

There are more than 1,100 cash advance lending companies operating in Mississippi. Borrowers can take out loans by going to a physical store or just by visiting a lender online. In recent years, the internet has significantly increased the number of payday loan providers.

Why go for a payday loan?

Choosing payday loans over traditional bank loans can have many different benefits:

  • Multiple options. Mississippi payday loans are probably the most popular type of borrowing there is, which means that since the industry is so big, there are a lot of companies to choose from. All you have to do is find a lender that best suits your needs and go online to submit your application.
  • They are really fast. Once you have submitted your application, it only takes a couple of hours for you to get your loan. If you decide to apply for it online, you may have to wait until the following business day before the cash is in your hands.
  • Spend it how you want. Unlike traditional banks where before you even get your money, you have to be very specific about why you need it and how you plan on spending the cash. With payday loans, once you’re done with the simple and quick application process and you have your money, you can spend it in whatever way you like.
  • Lenders are willing to work around poor credit. No more sweating over your credit rating, no more rejection from banks. You may apply for a payday loan even if your credit score is far from good. Having a chance to be approved of loans with bad credit is one of the main reasons why people turn to payday loans.

Mississippi payday loans charges and fees 

  • Mississippi payday loans fees

    Payday Loans Fees in Mississippi

    Finance fees and rate. If you take out a sum not exceeding $250, you won’t have to pay more than $20 per $100 loan. If the cash amount is somewhere between $250 and $500, the finance charge is limited to $21.95 for every $100. The maximum finance charge for a two-week $100 cash advance is $20. The annual percentage rate for a two-week $100 cash advance cannot be beyond 520%.

  • Collection fees. When entering the collection stage, your lending company has the right to charge you an NSF fee. You also may have to pay some disclosed court awarded fees.
  • Rollover fees. There are no rollover fees since rollovers are forbidden by Mississippi payday loan laws.

Payday loans eligibility in the state of Mississippi

Whether you want to apply for online payday loans or go to a physical store, there are certain criteria that you’ll have to meet for your submission to be accepted.

  • You must be a permanent resident of the United States or an American citizen
  • You must be 21 years old or older
  • You need to have a steady source of income

In order to successfully complete your application, there is some information that you must provide.

  • Your birth name and details for contact
  • Your social security number, and a valid form of ID such as your driver’s license or passport
  • Details of your income and employment

Cities in Mississippi where you can find payday loan lenders:

  • Jackson
  • Gulfport
  • Southaven
  • Hattiesburg
  • Biloxi
  • Meridian
  • Olive Branch
  • Tupelo
  • Greenville
  • Horn Lake

10 Things you need to know about installment loans

When facing financial constraints, most people may be forced to approach lending companies. They may not have carefully thought about whether they may end up losing more or sinking further into debt and even hurt their credit score. With the current economic situation, there are various forms of lending which are out there to make profit. Borrowers should be careful not to borrow from such companies to avoid regretting the poor choice they made. Borrowers need to have better understanding and knowledge of the type of loans they want to take out. There are certain things you need to know about installment loans before deciding whether they are suitable for your financial needs.

  • What is an installment loan?

Installment loans are repaid in scheduled payments

Installment loans are repaid in scheduled payments

An installment loan generally refers to any type of loan that is supposed to be repaid in scheduled payments known as installments. Installment loans relieve the borrower of the burden of having to repay a whole lump sum at one go like other types of loans such as payday loans.

  • Installment loans can be secured or unsecured

There are various forms of installment loans such as auto loans, mortgages and personal loans. These loans are both of a secured and unsecured nature. Mortgages and auto loans are typically secured loans. In both cases you put up your house or car as collateral in return for a loan. In the event that you default in payment, the lender has the legal right to sell your house or car to recover the outstanding amount.

Personal loans, on the other hand, are unsecured. This means to apply for a personal loan, the creditor does not require you to put up any property as collateral. Instead, the creditor checks your creditworthiness which is determined by your credit score and proof of income which guarantees that you are in a position to make repayments in the future. Installment loans are more flexible as they allow borrowers to distribute payments throughout the loan term.

  • Requirements for application

Requirements for application

Requirements for application

Before applying for an installment loan, you need to meet a few set requirements to secure this loan. These requirements include: minimum age legal age of at least 18 years. Secondly, you must reside in the state you choose for your loan option so you cannot approach a lender in Ohio when you reside in Colorado. If you are applying for online installment loans, you must provide your social security number and a saving or checking account. That is because upon loan approval, your funds will be transferred directly into your savings account. Upon meeting these requirements, then you are eligible for an installment loan.

  • You do not have to be employed to get an installment loan

Most people shy away from loans as some of them require you to provide a letter from the employer as proof of employment. Installment loans relieve you of such pressure. With an installment loan, you do not need to be employed as long as you have a steady source of recurring income. This guarantees the lender that you are in a position to make scheduled repayments (installments) throughout the loan tenure.

  • Additional fees  

It is always important to consider the cost that you are likely to incur while applying for a particular loan before you even start the application process. When applying for installment loans, make sure you’ve checked the interest rates and other fees such as application fees and processing fees.

  • Installment loans have fixed interest rates

Installment loans have fixed interest rates

Installment loans have fixed interest rates

Very often, borrowers suffer from rising interest rates. Some traditional forms of borrowing have varying interest rates such that they end up paying more in the long run. This makes it even expensive for the borrower such that he/she may delay in making payments which could adversely have a negative effect on the credit score. By providing fixed rates, installment loans give borrowers a golden chance to budget their finances over the repayment period, hence keeping them more at ease.

  • Installment loans improve your credit score

Borrowers strive to maintain a clean credit score for future borrowing. A good credit score opens up avenues for borrowing and somehow acts as a guarantee that the borrower cannot default in making repayment. There are forms of traditional borrowing which could hurt your credit score if you are late in making payments or if you default altogether. Installment loans improve your credit score with time. With every payment or installment made, your credit score improves. Borrowers with bad credit therefore can redeem their creditworthiness. Installment loans have no credit check.

  • Installment loans do not have credit checks

do not have credit checks

do not have credit checks

For those who are haunted by a low credit score, installment loans offer a ray of hope to them. Borrowers on this bumpy road of bad credit installment loans can apply for bad credit installment loans from installment loan direct lenders who do not check your credit score but transfer your funds directly to your bank account.

  • They are fast

Installment loans with bad credit are tailored for emergency situations such as unexpected medical bills, funeral expenses or car repairs. Installment loans transfer funds to the borrower’s account on the same day or on the next business day. Application of an installment loan also does not require a lot of documentation, making the loan processing much faster.

  • Installment loan companies

This is a very important aspect to consider before applying for an installment loan. Borrowers should carry out research to ensure that they are dealing with a licensed company. Rogue lenders are on the rise nowadays and borrowers need to be more vigilant. The borrower should ensure that the lending company is licensed by the state before borrowing from them. Direct lender installment loans are the most preferred option.

What Are Installment Loans?

Loans have consciously and unconsciously seeped into our-modern day spending – from big-ticket ones like mortgages and home equity loans to short-term loans like payday loans and revolving loans with the use of credit cards. Loans have made it possible to purchase items that people couldn’t otherwise pay for in cold hard cash. Borrowing money from the federal government, banks, and third-party lenders locks borrowers into an agreement of a scheduled pay-off plan. The payment schedule varies widely depending on the type of the loan. Payday loans typically need to be paid off in full in at least two weeks’ time while mortgages can be paid in 5 to 40 year terms with fixed monthly payments.

An installment loan offers qualified customers access to larger loan amounts, a longer repayment period, and a more personalized repayment schedule than a payday loan.  Although, they are similar to payday loans installment loans give borrowers more repayment options and flexibility than with payday loans.  Installment loans provide a borrower with an opportunity to choose a repayment schedule and to customize payments that are stretched out over a period of time in a series of installments rather than a single lump sum.  This is most helpful for borrowers who can’t afford to use a large portion of their earnings in one fail swoop to pay back a one time loan.

What Is The Difference Between A Payday Loan And An Installment Loan?

An average payday loan ranges from $300 to $500 and is typically repaid on the borrower’s next payday via electronic funds transfer or post dated check.  The average installment loan ranges from approximately $200 to sometimes thousands of dollars. The largest differences between a payday loan and an installment loan is that installment loans are typically paid back on a monthly basis over an extended period of time with the loan and interest put into a sequence of monthly payments

Why An Installment Loan Instead Of A Payday Loan? 

Borrowers should consider an installment loan instead of a payday loan for larger expenses and lower interest rates. Installment loans are great for purchasing more expensive items or services such as building and home repairs, automobile maintenance and repairs, unexpected educational expenses such as the need for a new computer or printer, and unexpected emergency medical needs. Payday loans are more suitable for less expensive items such as groceries, small unexpected non recurring bills, clothing for work when there has been a sudden change in dress code in between paydays, or unexpected travel expenses for work or family emergencies.

All Installment Loans Have Commonalities

  •  Long-Term

Installment loans are usually repaid in monthly installments over a period of approximately six months.  Unlike a payday loan, which is usually due on or around the borrower’s next payday and repaid in a single payment,installment loans are paid in multiple payments.

  • Personalized Repayment Plans

Lenders of installment loans are typically more flexible with repayment terms than are payday lenders because the loan is designed to cover a longer period of time than a payday loan. The longer repayment time of an installment loan allows the lender to work more closely with the borrowers to develop a repayment schedule that is customized to be budget friendly for the borrower.

  • Online installment loan Applications

In this day and age applying for an installment loan is easier than ever because borrowers don’t have to leave the comfort of their homes, aren’t restricted by the office hours of a brick and mortar building, and have endless possibilities to find a company that best fits their needs online.

  • Can Be A Secured or Unsecured Loan

Secured Loans

 

Secured-LoanSecured loans are loans that are protected by an asset or collateral of some sort meaning that the item purchased is used as collateral. The lender holds the deed or title until the loan has been paid in full, including interest and all applicable fees. Secured loans are usually the only way to obtain large amounts of money because it provides some assurance that the money will be repaid according to the agreed upon terms.  Putting a borrower’s home or other property on the line is a safe guarantee that he will do everything in his power to repay the loan.   Secured loans usually offer lower rates, higher borrowing limits and longer repayment terms than unsecured loans.  As the term implies, a secured loan means the borrower is providing “security” that his loan will be repaid according to the agreed terms and conditions. It’s important to remember, if the borrower is unable to repay a secured loan, the lender has the authority to foreclose or repossess the item used for collateral and sell it to pay off the balance of the loan.

Unsecured Loans


With an unsecured loan borrowers don’t need collateral to be approved for the loan. Collateral is something valuable in the borrower’s possession such as an automobile title that will stand good for the debt in the event the borrower fails to repay the loan so the lender can regain some or all of their money. Unsecured lending is riskier for a lender than secured lending so the amounts loaned are typically lower and have a slightly higher interest rate.

  • Relatively Larger

Because they can be long-term and secured, installment are usually for larger amounts than payday loans because it may be possible for lenders to recover some lost resources.

  • Typical Borrowers Must:

     

    • Be at least 25 years old or older
    • Meet citizenship requirements
    • Have a valid bank account that can receive direct deposits
    • Have a verifiable minimum monthly income of $1300
    • Have proof of employment such as a recent pay stub
  • Installment Loan Pros

     

    • Repayments are set up in advance so a borrower is aware of the amount he will be repaying along with a fixed interest rate.
    • Payments remain the same so the borrower is able to calculate the payment into his budget.
    • Longer and lower payments compared to payday loans means the borrower can pay back the loan over a longer period of time rather than his next payday.
    • Reasonably quick to set up with a short process time.
    • Funds can be transferred within a few days of successfully completed and approved application.
  • Installment Loan Cons

     

    • Payments are higher than traditional loans but not as high as a payday loan.
    • Missed payments and/or deadlines can result in late fees and extra charges that increase the cost of the loan and negate the pro to the installment loan.
    • In some cases installment loans may be secured by an asset and failure to pay them can result in seizure of the asset in order to pay off the debt.

Loan Compatibility

When a borrower is trying to decide what type of loan is most compatible for his needs he must first determine how much he needs to borrow and for how long. Does the borrower want something that is quick and short term such as 1 or 2 weeks or does he need smaller payment that can be extended over a few months? Obviously larger amounts over longer periods of time would be more manageable as an installment loan rather than a payday loan that would need to be repaid within a few short weeks and possibly reek havoc on a tight budget.

Qualifying for Installment Loans Online

Applying for an installment loan is similar to applying for any other loan.  An applicant must meet the criteria set by the lender in order to be approved and most are surprised by the simplicity of the process. The basic criteria for a potential borrower is he must be at least 25 years old, have a valid bank account capable of receiving direct deposits, have a minimum monthly income of $1300, and proof of employment. Although some lenders may look at a potential borrower’s credit rating this is usually not the determining factor for approval for some lenders. Borrower’s are approved for installment loans every day that have poor credit, no credit, and even a bankruptcy on their credit history and/or report.

Repayment Terms for Online Installment Loans

Repayment terms will depend on the policies of the lender; however, they are normally drawn up and an agreement made prior to funds being transferred to a borrower’s checking account.  Most lenders want a repayment schedule that works with a borrower’s budget so repayment terms usually range between 14 and 18 months. With an installment loan interest accrues the same as it does on a mortgage or automobile loan based on the amount of money that is borrowed.  Unlike some mortgage or automobile loans most installment loan lenders don’t penalize the borrower for an early pay off giving the borrower more control over how much he pays in fees.  In other words, paying an installment loan off early would enable the borrower to pay fewer fees.online installment-loans

About Us

GAD Capital is committed to providing hard working people with a quick and easy short term solution to unexpected expenses. Customer satisfaction is our goal, if you’re drowning with bills and need to take action TODAY count on www.GADCapital.com for your Short Term Loan needs. Get the attention and service you DESERVE, give us a call today 1-877-403-3392.  Our services stand above that of others because we strive to match you with services that not only work for you but services that you will be happy with and will recommend to friends and family who find themselves in need also.

At GAD Capital we aren’t a lender nor are we part of setting the terms of the loans instead we strive to find suitable lenders for potential borrowers by screening them to ensure that they meet the requirements of the lenders within our network.  GAD Capital is simply a bridge that connects a borrower to lenders.  The terms of the installment loan such as interest rate, loan amount, associated fees, and repayment schedule are determined by the lender and borrower. Each lender has their own approval criteria so it would be impossible to list all of the required qualifications of all the lenders within the network that GAD Capital provides screening for. However, in most cases having a poor credit score does not disqualify someone from being eligible for an installment loan and the lenders who partner with GAD Capital aim to provide loans to individuals who do not have perfect credit.

Applying for your personal installment loan is easy through GAD Capital’s online application. Because GAD Capital is a screening agency rather than a lender we have more resources than the traditional brick-and-mortar lenders that offer installment loans.  In order to have the same options and access to lenders potential borrowers would have to go to several different loan offices, which would mean taking off numerous hours from work and lost wages in order to meet with all of the available lenders during the lender’s business hours. At GAD Capital we supply borrowers with potential lenders on the borrower’s schedule instead of the lenders schedule eliminating the potential for the borrower to jeopardize his employment.

 

 

 

 

Online Payday Loans

A payday loan is a unique type of loan that relies on a borrower’s employment status instead of a good credit report. Lenders approve loans based on the borrower’s ability to repay the loan when he receives his next pay check instead of his credit history. The only thing the borrower really needs to secure the loan is proof of employment.  They are small loans that are intended to be short term.  Traditionally, a payday loan, also known as a cash advance or payday advance, was a loan that was repaid on or before the borrower’s next payday but in today’s world the repayment date can be adjusted to better meet the borrower’s schedule and needs.

Common Characteristics Of Payday Loans:

There are a large number of payday loan lenders and all payday loans have commonalities

Short-Term – Payday loans are usually due on or around the borrower’s next payday. This might be in a week or a month but is rarely much longer than that. Unlike an installment loan, which consists of multiple payments, payday loans usually require a single payment.

Unsecured – Borrowers don’t need collateral to take out a payday loan. Collateral is something valuable in the borrower’s possession such as an automobile title that will stand good for the debt in the event the borrower fails to repay the loan so the lender can regain some or all of their money. Unsecured lending is riskier for a lender than secured lending so the amounts loaned are typically lower and have a slightly higher interest rate.

Relatively Smaller – Because they are short-term and unsecured, payday loans are usually for smaller amounts than a secured loan because it is difficult for the lender to recover lost resources. They are designed to help the borrower deal with immediate financial hardships yet small enough to pay back relatively quickly. Typical Criteria For Payday Loan Consumers:

  • Be at least 18 years old or older
  • Be a permanent United States Citizen
  • Have a valid bank account that can receive direct deposits
  • Have a verifiable minimum monthly income

Typical Payday Loan Amounts:

Generally, loan amounts will vary between lenders but will typically range from $100 to $1,500.   Lenders might even consider larger amounts depending on the borrower’s situation. The determined amount will depend on income and other requirements.

Typical Uses For Payday Loans:

Payday-Loanpayday loan online can be used the same as a traditional loan. However, it is important for a potential borrower to keep in mind that these loans are typically for smaller amounts and for shorter periods of time so they are probably best used for unexpected and emergency expenses.  Approximately 47.7 million Americans live in poverty each year with average earnings of $44,569. The average American spends $14, 856 on taxes, $11,970 on housing, $9,477 on additional housing expenses such as fluctuating utility costs and insurances, $5,784 on automobile payments, $2,223 on automobile maintenance and gasoline, $6,759 on food, and $4,290 on health care each year. By simply doing the math it is easy to determine that the average American has a $1,322 deficit within his personal finances each year with absolutely no wiggle room for unexpected expenses or emergencies.

Reasons To Apply For A Payday Loan:

There are several reasons that online payday loans are becoming popular:

  • Convenience – Unlike loans from traditional lenders, online cash advances can be applied for and receive without leaving the comfort of home with the least amount of hassle.
  • Bad Credit, No Problem – Traditional lenders base approvals on customer credit ratings but payday loan lenders have more lenient criteria for basing approvals.
  • Speed – When applying for payday loans online, customers aren’t made to wait for a letter or phone call of approval because they receive notice of approval or denial almost instantly based on the information that they provide. Customer’s that provide bank account information can have their money deposited as quickly as the next day. This way, they will have their money when they need it most without playing the waiting game.
  • Availability – Traditional brick and mortar lenders have limited business hours that can be difficult for potential customers to work around.  Very few people can miss a day of work in order to apply for a loan with these lenders.  Not to mention if the potential customer is in a financial crisis waiting for the approval decision can add to the crisis.  With an online cash advance, customers can apply 24 hours a day, 7 days a week and there are no bank holidays when it comes to receiving a cash advance online.
  • Meeting Urgent Needs – Traditional lenders will want to know why potential borrowers are borrowing money and what the money is going to be used for. Payday lenders understand that hard times fall on good people and that unexpected expenses come up. When people are forced to live paycheck to paycheck there usually isn’t a cushion to fall back on so payday lenders are sensitive to the needs of those people and understand that sometimes urgent needs must be met. Online payday loans aren’t as intrusive as traditional lenders and customers privacy and financial situations are respected.

Key Facts About Payday Loans Online:

  • The average online payday loan amount is $375.
  • The majority of payday loan borrowers are driven by desperation and/or unrealistic expectations.
  • Almost all payday loans are incurred due to personal or family expenses.
  • Approximately 12 million people use payday loans each year.
  • Approximately 81% of borrowers say they would be forced to cut back on needed items such as food and clothing if it weren’t for payday loans.
  • Approximately 69% of first time borrowers use the loan for reoccurring bills.
  • Approximately 41% of borrowers have needed something like a tax refund to pay off a payday loan.

Reasons Borrowers Are Drawn To Online Payday Loans

  • Desperation
  • Focus on fee
  • Perception
  • Reliance
  • Temptation
  • Trust

Reasons Borrowers Use A Payday Loan Instead Of A Credit Card:

  • 4% of borrowers don’t have a credit card
  • 11% of borrowers are making payments on a credit card they haven’t used in the past year
  • 38% of borrowers applied for a credit card were turned down or knew
    that they would be denied based on their credit history.
  • 41% of borrowers have used a credit card in the past year but haven’t maxed the card out.
  • 47% of borrowers don’t want a credit card.
  • 59% of borrowers have used or maxed out a credit card in the past year.

    What are the requirements for a payday loan?

pyTo be approved for a payday loan a potential borrower must be at least 18 years old, a United States Citizen or at least a legal resident, have valid employment with minimum monthly earnings of $1000 a month, valid email address, valid phone number, and a bank account that is capable of receiving direct deposits. One thing that is rarely required and/or taken into consideration during the approval process for a payday loan is a potential borrower’s credit history. Payday loans are typically unsecured loans that don’t have repayment terms based on a borrower’s history instead repayment terms are based on the borrower’s ability to repay the loan quickly.

Receiving A Payday Loan

Typically online payday lenders deposit the borrowed money into the borrower’s checking account within 24 hours of being approved.  The borrower then has instant access to the deposited funds.

Repaying A Payday Loan

The majority of payday loans reach their maturity on the borrower’s next payday at which time the lender will draft the money from the borrower’s checking account. Though these types of loans are meant for short term use only, the repayment terms are usually flexible in case the borrower is unable repay the loan in full on his next payday. In fact sometimes the borrower will be given the option to repay the loan in installments or roll it over until the borrowers next payday for an additional fee.

About Us:

GAD Capital is fast, reliable, and hassle-free. We understand that most people live from paycheck to paycheck and that an unexpected expense can happen to anyone. Unfortunately unexpected expenses are rarely timed just right and often occur between paydays.  However, it is fortunate that in times such as these a person can apply for a short term loan to get him over the hump until his next payday. Bank loans can take days for approval where as (800) 961-5909 are more lenient and approval can be instantaneous. GAD Capital doesn’t have an application fee, offers instant approval to eligible borrowers, and deposits the money directly into the borrower’s bank account upon approval.

Unlike other payday loan lenders,GAD Capital offers a paperless application process. No extra documents are required. The potential borrower simply completes the online application and receives the cash instantly upon approval. GAD Capital customers have the convenience of two paperless application processes: online via GAD Capital  or by calling our customer service department at (800) 961-5909. When a potential borrower chooses to call our customer service department we guarantee that a live operator will assist him with the utmost professionalism and will keep his personal information private and safe.  We value our customer’s privacy and have stringent security measures.  Either way, the process is quick and easy with approvals sometimes being granted or payments made in as little as an hour.

Online payday lenders like GAD Capital are quickly replacing traditional bank loans because approval requirements aren’t as stringent and they aren’t as concerned about a credit score. We understand that living paycheck to paycheck can be difficult and everyone despite their credit rating will have emergencies that come up. When those emergencies come up we are here to help when traditional lending institutions are not because hard times fall on good people and we don’t want those good people to be left out in the cold simply because of a number.

Getting a payday advance is also more convenient than ever before. This is the technological age and anyone with access to a computer and/or internet connection or a phone can easily apply for a payday advance loan without the need to leave the comfort of home. Call (800) 961-5909 to apply for a payday loan today.  Unlike traditional brick and mortar lenders we are available 24/7 and don’t have bank holidays. The following holidays are observed by federal banks and their branches: New Years Day, Martin Luther King, Jr. Day, Presidents Day, Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans Day, Thanksgiving Day, and Christmas Day.  In addition to the aforementioned holidays most banks are also closed on Saturday and Sunday. Despite the day of the week, month, or year when our customers are approved they can count on receiving the money they need when they need it.  At Payday Now we are flexible and work with our customers and allow them to choose the repayment date for their contracts. If a single payment is more than the customer can financially handle, no problem, we provide customers with the option of repaying their loans through installments.