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- Direct Payday Lenders – Explained
If you do an online search for any payday loan related terms you’ll get bombarded with dozens of companies that claim to offer direct payday loans. However, most of these companies are not legitimate direct payday loan lenders. These companies simply operate a payday loan matching service. These marketing sites claim they will match your information with prospective direct lenders. In all likelihood they will sell your information to other companies that may not even be direct lenders! You’re left with your time wasted and usually you’re no closer to your goal of finding a direct payday loan lender.
There are many direct payday loan lenders who are ready and willing to give loans to qualified consumers in need of a short term loan. At direct-payday we will help you find the best direct lender for your financial needs. Our goal is to list all the direct lenders that offer short term payday loans & installment loans in the United States. We intend to make this the most comprehensive list available of direct payday lenders.
Use our list of direct payday lenders to your advantage!
Sometimes you may need to apply with more than one lender if you have poor credit or if you don’t meet the qualifications of some direct payday lenders. Remember, direct payday loans should only be used for short term cash emergencies. You don’t want to get stuck in a payday loan cycle that you can’t dig yourself out of. Payday loan laws and regulations are constantly changing. As the laws change and lenders are added or removed we will continue to update this list as often as possible. If you notice any errors or know of lenders not listed below then feel free to email us at firstname.lastname@example.org.
Database of Direct Payday Lenders & Direct Installment Lenders – Updated 9-16-2014
One of the largest direct payday lenders in the country and they never perform a credit check. They just added a new online application process where you’re now twice as likely to be approved for a direct payday loan. They also claim you’ll get an instant approval response within 4 minutes of completing your online application. You must have an active checking account (no pre-paid account or savings account) to be approved for a loan and you can’t have any outstanding payday loans. At this time, MyPaydayLoan is not offering loans to consumers who live in: Arkansas, California, Colorado, Connecticut, Florida, Georgia, Illinois, Kansas, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, New York, North Carolina, Oregon, Pennsylvania, Virginia, and Wisconsin.
Max Loan: $1000
Payday Direct is a large company offering online direct payday loans and direct installment loans to consumers in 45 states. Payday Direct claims to have an online approval process that takes less than 5 minutes to complete. You must have an active checking account, be a US citizen and have a monthly income of at least $800 a month to be approved for a direct payday loan. Longtime member of the Online Lending Alliance.
Ace Cash Express
Ace is a longtime online direct payday lender that’s been in business since 1968. Currently offering same day cash in hand direct payday loans with over 1600 retail locations nationwide. They have low rates and promise a 48 hour satisfaction guarantee on all funded direct payday loans. At this time, Ace is only issuing direct payday loans to consumers who live in: Alabama, Delaware, Idaho, Kansas, Louisiana, Maine, Minnesota, Missouri, Nevada, Ohio, and Texas.
Currently offering online direct payday loans & direct installment loans with hundreds of locations throughout the country. Very reputable direct payday lender with an easy application process. They accept applications 24/7 and will give you an automated decision within 5 minutes. At this time, Check City is only issuing direct payday loans to consumers who live in: Alaska, Alabama, California, Hawaii, Idaho, Illinois, Kansas, Maryland, Missouri, North Dakota, New Mexico, Nevada, Texas, Wisconsin, Wyoming, and Utah.
RISE offers personal loans and promises to have a different approach to lending when compared to traditional payday loan companies. They let you pay off your loan over 4-25 months instead of in just a few weeks. They’ll also let you choose your own loan term and the interest rate on your loan may decrease over time. Currently offering loans from $500 to $5000 for new customers. At this time, RISE is only issuing loans to consumers who live in: Alabama, California, Delaware, Georgia, Idaho, Louisiana, Missouri, New Mexico, Ohio, South Carolina, South Dakota, Texas, Utah, and Wisconsin.
If you’re having trouble qualifying for a loan with the direct payday lenders listed here you may want to apply with Cashadvance.com. They have one of the nation’s largest networks of direct payday lenders and direct installment lenders. They can usually qualify anyone regardless of credit score, Chexsystems status, or work history. Unlike most direct payday lenders, they may still qualify you for a loan even if you have active payday loans outstanding. Upon approval they’ll deposit cash within 24 hours. They offer no fax loans up to $1,000.
Brand new direct lender with a 5 minute online application process. LendUp is different than most direct payday lenders. They let you choose your loan amount and repayment date. They will generally approve consumers who have no poor credit or no credit. Lastly, LoanUp will send cash to your debit card in 15 minutes or less if you qualify! At this time, LendUp is only issuing loans to consumers who live in: California, Illinois, Louisiana, Minnesota, Mississippi, Missouri, New Mexico, Oklahoma, Oregon, Tennessee and Texas. We expect more states to come on board as we move into late 2014.
One of the largest direct payday lenders in the country that’s also offering direct installment loans as of a few months ago. They have a 24/7 online application process that will let you know instantly if you’re approved or not. At this time, Cash Central is only issuing direct payday loans to consumers who live in: Alabama, Alaska, California, Delaware, Hawaii, Idaho, Kansas, Louisiana, Minnesota, Missouri, Mississippi, Nevada, New Mexico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Washington, Wisconsin and Wyoming.
Bright Sky Lending
Online lender that offers same day direct payday loans and installment loans. Bright Sky has a quick online approval process that doesn’t require faxing or bank verification. Claim to never check your credit score or payday loan history. They also have a same day cash in hand option if you qualify for a payday loan.
Helping Hands Advances
Online lender offering offering direct payday loans and direct installment loans throughout the country. They’re currently processing loans entirely online, no faxing or credit check is necessary. Assuming you qualify for a direct payday loan, you’ll have the option of next day cash or same day bank wire if available.
Are you looking for more money than what a traditional direct payday loan lender can provide? If so you may want to apply for a direct personal loan with PersonalLoans.com. They work directly with 200+ direct installment lenders, peer to peer lenders and direct bank lenders. They can usually qualify you for a direct personal loan of anywhere from $1,000 to $25,000. Even if you have poor credit(below 500) they can still qualify you in minutes for a direct personal loan of up to $1,000.
Payday Loan Today
They’re a large direct payday lender that’s been processing direct payday loans online for years. They have an instant approval process that tells you in seconds if you’re qualified for a $500 direct payday loan with a due date of up to 30 days out. Assuming you submit and qualify for a loan by 3pm PST, they’ll process and fund your cash advance that same day. Due to increased regulations, Payday Loan Today is only issuing direct payday loans to consumers who live in: California, Florida, Minnesota, Oklahoma, Texas, and Washington.
Check Into Cash
Check Into Cash may be the largest direct payday lender in the country. They have an highly rated online application system and claim that you’ll have an approval decision within 5 minutes. They also give you the option of picking up your cash that same day from any of their retail locations. Check Into Cash is only issuing payday loans to consumers who live in: Alabama, California, Florida, Illinois, Idaho, Indiana, Kansas, Louisiana, Michigan, Mississippi, Missouri, Nevada, Ohio, Oklahoma, Oregon, South Dakota, Texas, Utah, Washington, Wisconsin, and Wyoming.
One of the largest direct payday lenders in the nation with over 4 million loans issued to consumers with bad to average credit. Currently offering both online direct payday loans and online installment loans. Use promo code NEWCASH50 for 50% off all loan fees through September! At this time, CashnetUSA is only offering loans to consumers who live in: Alaska, Alabama, California, Hawaii, Idaho, Kansas, Louisiana, Maryland, Missouri, New Mexico, Ohio, South Carolina, Texas, Utah, Virginia, and Wisconsin.
New direct lender offering personal installment loans with instant eligibility decisions through their online application process. You can borrow $1,000 to $10,000 and there are no borrowing limits for first time customers. Lastly, you’re able to repay your loan in fixed payments over a certain amount of time and build your credit history as well. At this time, Net Credit is only issuing direct personal loans to consumers in: Alabama, California, Delaware, Idaho, Georgia, Missouri, New Mexico, North Dakota, South Carolina, Utah, Virginia & Wisconsin.
Loan by Phone
LoanbyPhone is relatively new direct payday lender that offers 2 to 4 week direct payday loans all throughout the country. They claim to have a 5 minute online application process with an approval process that lasts less than 1 minute. They also have a 24 hour call center available in order to expedite your approval process. At this time, LoanbyPhone is only issuing direct payday loans to consumers who live in: Alabama, California, Delaware, Florida, Illinois, Indiana, Kansas, Louisiana, Michigan, Mississippi, Missouri, Nevada, Ohio, Oklahoma, Oregon, South Dakota, Tennessee, Texas, Utah, Washington, and Wisconsin.
Avant is a large national direct installment lender that offers personal loans of anywhere from $1000 to $20,000. Avant offers direct personal loans with a 10 minute application process, competitive interest rates, late fee forgiveness, and they never require you to fax in documents. One drawback about Avant is that you usually need better credit then if you were just applying for a typical direct payday loan. They have a huge national reach and currently offer loans to consumers in every state except: Colorado, Iowa, Maine, Oklahoma, Pennsylvania, Vermont and Wyoming.
Check back at least once a week as we’re constantly adding new direct payday lenders. With increased state and federal regulations we’ve had to remove a few direct payday lenders that had been around for years. These direct payday loan companies have decided to halt lending for the time being instead of dealing with increased government regulation and scrutiny. With that being said, many of the large direct payday loan lenders should start lending again by fall at the latest. We also expect to see a few new direct payday lenders come on board as we move into the second half of the year. With many direct payday lenders now issuing loans in limited states we’ve tried to list those specific states that they’re currently lending in. We’ve listed these states to make things easier on our visitors. Please understand, these states change constantly depending on the specific lender. As always, feel free to email us if you know of any direct payday lenders with a national presence that aren’t listed in our database. Let us know if we’re listing any companies that are in fact not direct payday lenders.
Direct Payday Loan Lender Information – FAQ
Q: Who is Direct Payday Loan Lenders (Direct-Payday.com)?
A: We are an internet-based consumer advocacy organization. We specialize in helping consumers find direct payday lenders even if they have less-than-perfect credit. We urge consumers to use our website in order to learn more about payday loans in general. For example, check out our direct payday loan state regulations if you need info on what types of loans are applicable in your state. Also we strive to give our readers information and feedback on the direct payday lenders listed in our database here. We’re constantly adding new information and resources so bookmark our site and check beck often!
Q: What is a short term loan/cash advance?
A: A short term loan otherwise known as a cash advance is intended to be short term cash infusion without any type of long term obligation on the consumer’s part.
Q: What is a direct payday lender? I see that term used all throughout your site
A: A direct payday lender is a hard cash lender that cuts out the middle man. Most direct payday lenders offer cash short term loans to consumers who have no other source of emergency funds. Direct payday lenders are different from payday loan companies and payday loan brokers. When you work with a direct payday lender you’re only working with that company as opposed to many companies if you work with a payday loan marketing or broker service.
Q: In which states do you operate?
A: We don’t lend money. We don’t recommend any specific direct payday lenders. With that being said, most states have specific rules and regulations regarding who can operate in their respective state. It’s a good bet that you’ll be able to find at least one or two lenders that offers direct payday loans, auto title loans or installment loans in your state.
Q: Is it better to get a direct payday loan from a retail store on online?
Most of the large direct payday lenders we list in our database have retail store-fronts as well as online systems where you can fill out an application. There’s really no difference in getting a loan online or in person from these large direct payday lenders. Sometimes if you go to a storefront you may be able to get your money in real time as opposed to waiting the next day with an online direct payday loan lender.
Q: Why should I chose a payday loan over other alternatives?
A: There may in fact be other alternatives available to you that are better than a payday loan. For example, a bank loan, credit card cash advance or loan from a family member may be a better alternative. However, if you need emergency cash and have no other alternatives then a direct payday loan may be your best option.
Q: Are payday loans legal in all 50 states?
A: Payday loans are not legal in all 50 states. At this time payday loans are banned in 13 states. That doesn’t mean all forms of lending are banned in those 13 states. Some of them allow installment loans or other types of longer term loans. It’s best that you speak with an attorney to determine the validity of any type of short term loan in the state you reside in.
Q: Where can I get more information on how direct payday loans work?
A: Direct Payday Loans and Direct installment loans don’t need to be complicated but many companies make then very difficult to understand. If you’re looking for more information on how direct payday lenders and direct installment lenders operate we’d recommend that you check out Payday Loan Resources page.
Q: Do you list companies that offer auto title loans?
A: At this time we only list one direct auto title lender. Unlike large direct payday lenders there are only a few direct auto title lenders that lend to most of the country. Eventually we plan on listing more companies that lend money based on the amount of equity you have in your vehicle.
Q: Do you list companies that offer auto title loans?
A: At this time we don’t list any direct auto title lenders. Unlike large direct payday lenders there are only a few direct auto title lenders that lend to most of the country. Most of the large direct lenders focus on just a few states. Eventually we plan on listing more companies that lend money based on the amount of equity you have in your vehicle.
Q: What is the payday loan application process in my state?
A: It really depends on the state you currently live in. Some states don’t allow direct payday lenders, such as New York and Pennsylvania. Some states will require you to send certain documents before approval such as payday stubs and direct deposit verification. We recommend that you check out our State by State Rules & Regulations page for more information.
Q: Do any of these direct payday loan lenders offer discounts or promo codes if I get approved for a loan?
A: Yes. Every so often these direct payday lenders will have promotions or fee reductions. Also many lenders will have promo codes around the holiday season. Check out or list of lenders for the most recent updates.
Q: What if I have bad credit or a recent bankruptcy?
A: Direct payday loans & Installment loans are intended to serve a need for someone with bad credit. That’s why interest rates are so high! Most consumers will qualify for some type of loan assuming they have an income of at least $800 a month with an active checking account. Some direct payday lenders will even approve your application if you have a Chexsystems hold as well.
Q: How many payday loans can I have at any given time?
A: This all depends on the state you live in. We have a state resource guide that breaks down these restrictions here. With that being said some direct payday lenders will run your information through non traditional credit checks to determine how many payday loans you have outstanding. Generally, most large direct payday lenders will deny you for a loan if you have 2 or 3 loans outstanding when you apply.
Q: How do I know my payday loan application is secure once I leave your site?
A: We have no control of your lender application once you leave our site. Once you leave our site you’ll want to make sure that your prospective lender uses 128 bit encryption. Only fill out an application that comes from a secured site. You may also want to check and see if your direct payday lender is a member of the Online Lenders Alliance.
How are direct payday lenders and direct installment lenders regulated?
A: Most states regulate how the payday loan and installment loan industry can operate in their specific state. On a Federal level the Consumer Financial Protection Bureau has recently started regulating the payday loan and installment loan industries. You’ll also want to make sure that any lender you work with follows all industry best practices standards.
What’s the difference between direct payday lenders and direct installment lenders?
A: Installment loans will usually have fixed monthly payments and have payoff times much longer than traditional payday loans. Also, direct installment loans usually have higher loan amounts. These amounts are generally in the thousands versus direct payday loans which are usually in the hundreds.
Can I still qualify for a direct payday loan if I recently filed bankruptcy?
A: Yes, most direct payday lenders don’t take this into consideration will you apply for a loan. You may be disqualified for an installment loan if you have a bankruptcy on your record but it shouldn’t matter with most direct payday lenders.
Q: What time of the day can I apply for a direct payday loan with any sites that are listed in your database?
A: Most direct payday lenders will authorize and approve your application 24 hours a day/7 days a week. Many lenders are setup as online only. That means there is no faxing or in person meetings necessary.
What if I get a direct payday loan but change my mind a few days after?
A: Before you sign off on a payday loan you’ll want to make sure your lender specifies what happens in this specific situation. Usually most direct payday lenders will abide by state laws as well as industry best practices regarding loan rescission.
Are there any processing fees or application fees incurred when I take out a payday loan?
A: This all depends on the individual direct payday loan lender you go with. Some lenders may charge a fee but some lenders may not. It ultimately depends on the state you live in as many states have rules governing this practice.
Q: What are the minimum requirements to get a direct payday loan?
A: There are a few basic requirements that most direct payday lenders require to fund a loan. You need to be 18 years old, Have income of at least $1,000 a month, and not be a regular/reserve member or dependent of the military. Some lenders have other specific requirements as well.
Q: So, if I’m in the military I can’t qualify for a direct payday loan?
A: That’s correct. The federal government and Department of Defense have strict rules when it comes to lending to active duty military. You must declare if you’re active duty military or not when applying for a direct payday loan. We recommend visiting militaryonesource.com if you’d like more information on lending options available to the military.
Q: Can I use a co-signer when applying for a direct payday loan?
A: It really depends on the individual lender. Most direct payday lenders will let you have a co-signer, but that also makes the co-signer responsible for your loan. Be sure to ask about this when applying for a loan.
Q: Can I apply for a direct payday loan if I’m a debtor in a bankruptcy case?
A: Most likely no. Many direct payday lenders will frown on lending someone money that’s currently discharging their debts through bankruptcy. There may be exceptions to this rule that we don’t know about but it’s not likely. Ask your prospective lender if you want more information.
Q: How quickly will I know that my loan application was approved or denied?
A: Most direct payday lenders are very quick in processing loan apps and the larger direct payday lenders will have an automated 24/7 approval process. You’ll usually know within a few minutes of submitting your information.
Q: How much am I allowed to borrow from a direct payday lender or direct installment lender?
A: The amount of money your allowed to borrow depends on the state you reside in. Also all direct payday lenders have specific amounts they’ll lend to first time consumers and returning clients. It can range from $250-$5,000.
Q: Why am I being declined for most direct payday loans and direct installment loans?
A: The decision made by a direct lender to lend you money is based on info you submitted when you applied for the initial payday loan. The decision to lend is sometimes based on a review of your credit history. This does not necessarily mean the lender checked your credit report. A decline can usually be attributed to a Chexsystems report. Also, you may be declined because you reside in a state the lender doesn’t operate in. Be sure to check out our payday loan regulations page for the latest information regarding payday loan laws and news in each state.
Q: Does it cost anything to apply for a payday loan or installment loan with any company listed in your database?
A: Not at all. Direct-payday.com is not a direct payday lender and we only host this site to help consumers find the best direct payday lender(s). You won’t be charged anything unless you qualify for a payday loan and move forward with signing of on the loan.
Q: How can I get the money that’s being loaned to me?
A: You have a few options depending on how the lender operates. If they’re strictly an online cash advance lender you’ll be able to get your money the next day through a bank wire. If your lender has a physical presence in the state you may be able to get the cash within less than an hour. More and more direct payday lenders are utilizing the same day cash option.
Q: What if I don’t have a savings account or checking account?
A: This can make it tricky to get a payday loan as most direct payday lenders want to be assured they’ll get their money back. Some of the larger direct payday lenders have physical storefronts where you can possibly work something out face to face with them. Be sure to ask your lender if there is anyway around this.
Q: Will most payday loan lenders check my credit report or credit score?
A: Not at all. These payday loans are designed for people with bad to poor credit and oftentimes your lender will approve a payday loan if you have a checking account, no loans outstanding, and if you make at least 1,000 a month.
Q: Do I need to fax or mail in any payment stubs or banking information?
A: Most likely this won’t be necessary. Many of the direct payday lenders listed in our database operate as fax-less payday loan lenders. Everything can be done in real-time within a few minutes. Some Lenders may require a paystub or bank info sheet but it really depends on the state you reside in.
Q: How long does it usually take to be approved by a direct installment loan lender?
A: Much like the direct payday lenders listed on our site it usually depends on which installment lender you end up going with. However, it may take a bit longer to be approved by a direct installment lender. Reason being, installment loans are usually higher dollar amount loans compared to payday loans. This means the individual direct lender may take longer to verify your personal and credit information.
Q: Will direct-payday.com keep my personal information secure?
A: Remember, we’re not a direct lender or a payday loan matching service. At no time do we ask for or require any of your personal information. We simply host a database of direct payday lenders and direct installment lenders. Once you exit our site and land on a direct payday lenders site you’ll want to be sure that company has a plan in place to safeguard your personal information.
Q: Is there a pre-payment penalty if I pay off an installment loan early?
A: It will probably be best to check with your individual direct installment lender regarding this question. Most direct payday lenders and installment lenders will not charge a pre-payment penalty for early payoff but there could be exceptions to this. Be sure to check with your direct lender before you sign off on the loan!
Q: Can I repay my loan early and would this affect my finance charges?
A: Yes, you can pay your loan early. There should never be a prepayment penalty. In fact it’s something we always recommend. Remember, direct payday lenders make their money by stringing you along weeks at a time. A direct payday loan should only be viewed as a short term loan. Do all you can to pay it off as soon as possible. Also some states require you to be eligible for a partial refund of your interest charges if you pay a direct payday loan off early.