Go With a Direct Lender if You’re Looking For a Short Term Loan
A Payday Loan From An Actual Direct Lender Isn’t Your Only Option!
Are you interested in getting a direct lender payday loan? If so, you’ll want to be sure this type of short term loan is the best option for you. We’ve already covered this concern in an earlier blog post. Feel free to check it out here: Do I really need a payday loan? If you are uncertain then an online advance is your best option.
Have you done your due diligence and feel an online cash advance is your best option? Then it’s now time to find the loan that’s best for you. Problem is, most consumers don’t know where to start when first looking for an online payday loan. Do a simple search online for various lending related terms. You’ll be bombarded with thousands of websites and offers. All promising they can get you a personal loan in minutes with no hassle or stress on your end. The reality is this couldn’t be any further from the truth. Most of the cash loan sites that come up through an online search will be loan matching sites. This includes sites that come up in a generic search as well as sites that pay the search engine to show on the first page. Most payday loan and installment loan matching websites are owned by marketing companies. These third party companies will never offer you financing upfront. Most of these services make money by selling your personal and private information. Simply put, these sites will take your personal information. Then blast it all over the internet to companies they think are direct payday lenders. Not to mention, other companies that should have no business with your info.
Some consumers may get lucky and land on a site hosted by one of the few reputable payday advance companies. But this doesn’t always happen when you search for an installment lending service. You end up wasting your time or you’re going to deal with something far worse. Besides installment lender matching services which take up your time. There are sites setup to get your personal information and steal your identity. These sites prey on consumers that only looking to get an online loan but instead they make it much worse on you. Remember, when you apply for an installment loan you’ll need to give your social security number and birthdate. Some of these payday loan matching sites will also require your bank account information. They need checking or savings information to move forward with an application! All legitimate cash advance companies will protect your personal information. Most legitimate companies will use proper industry safeguards. But that’s not the case with some payday loan matching websites. We don’t need to get into what happens to your credit score if your identity is stolen. Rest assured it’s not pretty to deal with. There are people who have fought for years to restore their identity and credit report history. All because they filled out a loan application online that was a scam.
The process of applying for a direct lender loan isn’t always confusing and frustrating!
Hopefully, we haven’t scared you too much in explaining the application process! There’s still hope out there if you apply for a payday loan but want to make sure your personal info is safe. To safeguard your info and not waste your time you’ll want to be sure you apply with legitimate direct payday lenders only! Increased government regulation over the past few years has forced many services to stop lending and shut down. This means there’s only a handful of large legitimate direct payday loan companies out there that will let you apply for a loan online. Lucky for you we’ve taken time to find out exactly who these companies are. We’ve detailed their financial and background information in our detailed database of direct payday lenders. Keep in mind, we try to keep our list as new as possible. But expect changes as we move through the spring months.
Most payday lending companies will have no problem give you a free quote
If you need a loan make it easy on yourself and use a list of direct lenders! Remember, we feature large direct payday lenders that offer loans online to people in the US. We try to break down the state specific lender rules as well as the interest rate info for each lender. Update: As of 2021 we now include info which shows how long you should expect your cash advance to last as well. The breakdown also shows the amount of time you should expect to complete the online application.