If you need a payday loan from a direct lender then you should consider resources which are much more reputable compared to other lenders. An online direct lender of a payday loan is a business which lends money to an applicant; there are no third parties who connect the lenders to the borrowers and then charge excessive commissions and fees.
Direct lenders are preferable because your information will not be shared with several companies who can then sell the information on; also, a direct lender is licensed to follow state laws so you can rest assured that youre dealing with a reputable and legitimate company.
Why Do You Need a Pay Day Loan?
Even though direct lenders charge less it does not mean than their loans are cheap, all payday loan companies can charge anything between 500% and 3000% depending on your circumstances. With interest rates so high you need to sit down and ask yourself whether you really need the loan. For most people considering a payday loan, you need to consider what you need to do to get a payday loan today.
If youre experiencing a hardship and need money then you should visit the USA.Gov website to find out what help is available in the form of welfare benefits, utility assistance, food stamps and rental assistance, you should even inquire about crisis loans which have very low APR levels.
If you need the money for things that have broken down in your home then you should turn to buy now pay later catalogs which can offer you deferred billing options where you dont pay any interest.
Do You Need a Payday Loan from a Direct Lender?
If you need more money to service existing debt then applying for a payday loan is going to further compound your problems, if you are having problems with debt then you should speak to a qualified debt counselling adviser for help, you can normally stop all interest payments on your existing debt if youre struggling with money and can’t make ends meet.
Which Are the Best Payday Loan Direct Lenders?
There are two direct lenders which offer loans to their customers; these lenders include CashNetUSA.com and AceCashExpress.com.
Ace Cash Express offer more than just payday loans, they also have installment loans, title loans, prepaid debit cards, auto insurance, and check cashing. You fill out the application which is relatively straightforward with no faxing required, you get fast online approval and you even get a representative to call you to arrange how you want your money deposited into your checking account. If you’ve got bad credit then you can still apply and theres something called 48-hour satisfaction risk-free which means that you can change your mind if you no longer want your loan.
Cash Net USA is also a strong contented where you can apply today to get your cash next business day, you complete the application within minutes and theres instant approval even for people with less than perfect credit so youll have your cash by the next business working day.
Payday Loan Alternatives to Consider
As mentioned before you really need to sit down and consider whether you really need a pay day loan, you should try your hardest to find the cheapest lender and do everything in your power to avoid taking a loan out and burdening yourself with debt. If youre in a crisis or emergency then check whether or not youre eligible for public assistance, ask your family and friends for loan and look to see if there are any charitable agencies that can help. Other places that you should check for credit include credit unions, car title loans.
I Need a Payday Loan from a Direct Lender
If you do need a payday loan then going to a direct lender makes sense as there are no middle-men with excessive commissions and fees which you end up paying. Its important to really reflect on whether you really need the high risk installment loan or whether you can look at the alternatives available which are cheaper, your aim as mentioned above should be to try to get the lowest rate possible or avoid the debt altogether.