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  • What Are Direct Payday Loans

    What do payday loans direct lenders require of me when I apply online?

     
    Here’s another new blog post where we discuss how to be pre-approved for a short term loan and why you may not want to be pre-approved. Is it possible to be approved for a direct lender payday loan?
     
    Do you know what type of loan a payday loan company offers? Do you know the difference between direct lenders of payday loan and installment loans? Lastly, if you’re applying for any type of cash advance online are you able to quickly determine whether that company is a direct payday lender or a payday loan matching service? If you answered yes to those three questions then you’re in good shape. All you need to do now is get a loan from one of the online direct payday lenders out there. Luckily we can help find a direct payday loan lender. Just head on over to our online list and breakdown of direct payday lenders to find the lender that’s best for your situation. If you answered no to any of the above questions don’t worry, we’ll explain it all for you! Many consumers are in the same boat as you and don’t have a clue when it comes to finding an online lender. If you’re still trying to figure out the basics about payday loans and how direct payday lenders work you may want to check out our updated payday loan faq. In our latest frequently asked questions blog post we’ve tried to answer the simplest of questions regarding cash advances and also how installment loans work. Check out our latest Payday Loan FAQ Part 2 today.

    When we first developed this website our goal was two-fold. We wanted to identify all the large direct lenders of payday loans and installment lenders that currently offer loans and determine which states they’re funding loans in. We also wanted to help our visitors understand what an actual direct payday lender is. It’s important to only apply for loans with direct payday lenders opposed to services that are provided by marketing companies. With that being said we’re in no way opposed to legitimate payday loan matching services. They definitely fill a need in helping consumers who may not qualify with any of the large direct payday lenders. Also, these marketing services will sometimes successfully match you with different payday loans direct lenders. Sometimes these lenders are the same companies that are listed in our online database! More often that not though, a short term lender matching site is going to be a waste of time and you’ll be better served by only applying with direct payday lenders.

    The definition of “direct payday lender” can’t be any more straightforward. A direct lender of payday loans is a company that’s the actual lender offering and funding the loan. A direct lender is not a middleman, broker or matching service. They’re the actual company who’s offering an individual a small amount of money that’s intended to be paid back in full within a relatively short period of time. By going with a direct payday lender you’re skipping through the excess layers you’d normally encounter with a broker or online payday loan matching service. If you apply with a payday loan matching service it may sound good at first that they’re going to submit your information to hundreds of direct payday loans lenders. direct lender payday loan matchingHowever, your usually going to be left with few options as many of the largest and legitimate payday loans direct lenders don’t work with brokers or matching services. Also, you’re way less likely to fall victim to identity theft by working with a direct payday lender opposed to a matching service. Do you really want your personal and private information blasted all over the internet to hundreds of unknown companies? Remember, we’re talking about your social security number and sometimes your banking information as well. That’s something you don’t want to mess with. If a company has your bank routing number and account number they can easily withdraw money from your checking account! To put it simply, you’ll to be better served by going with a reputable direct payday lender and your personal and private information won’t be blasted all throughout the internet!

    Getting Payday Loans From A Direct lender can be easy!

     

    The other question we mentioned above, “Are you able to quickly determine whether a company is an actual direct lender or simply just a payday loan matching service?” This is a question you’ll definitely want to know. The good news is that this is an easy question to answer. Most payday loans direct lenders will tell you straight up that they’re direct lenders. They will also be members of various online lending trade organizations and most will also post their state licenses on their website. Another way to spot lenders that fund direct lender payday loans or installment lender is to look for areas on their website that are designed for current customers. For example, do they have a page listed for their customers to login and view their loan status or pay off their loan early? Try to look for pages labeled “my account” or “access my loan information”. Evidence of those pages on a site typically means you’re working with a direct payday lender opposed to a broker or matching service. On the flip side it can be a bit more tricky to spot an online matching service that’s masquerading as a legitimate direct payday lender. Many of these companies will want you to think that they’re the lender and you’re in the right place. Some will even go as far to list interest rate or specific loan qualification info when in fact it’s just generalized information! You can usually spot a payday loan matching service by scrolling down all the way to the bottom of the page. Most matching services or payday loan brokers will explain in small print on the bottom of their site that they are not direct lenders. You’ll usually see something that says “the operator of this site is not a lender or representative of any lender. This website does not constitute an offer or solicitation to lend”. If you see that type of verbiage or anything similar to what we just described then you’re most likely dealing with a payday loan matching service.

    Hopefully, we’ve explained exactly what a direct payday lender is and what the difference is between payday loans direct lenders and a payday loan matching service. It’s critical for borrowers to determine whether they’re working with an actual direct lender payday loan or just a payday loan matching service. If you know you’re working with a direct cash advance lender you’re more than likely going to save a lot of time and hassle in your search for quick cash. You’ll probably end up with a great direct lender payday loan as well. Just make sure you pay it back in full on the due date!

    Online payday loans direct lenders decisions

    Don’t waste time looking for a payday loan!