• Do you really need an online payday loan?

     
    Are you strapped for cash? Do you need money within 24 hours to pay rent or utilities? All too often we find ourselves in this type of position. We need quick money and it seems there are no easy ways to get that cash. You may have a steady job with a good paycheck but things will always come up. If you need money fast and you don’t have anywhere else to turn you may want to look into direct lender payday loans. With that, you’ll want to exhaust all your other financial options before you go down this road.

    Payday loans direct lenders should be used as a last resort!

     
    Before you start contacting all the direct payday lenders you know of, be sure to see if you have any other options. Can you get a traditional bank or installment loan? Odds are you can’t if you’re even thinking of getting a payday loan but it could be an option for someone with good to decent credit. One thing to keep in mind, a bank loan is different than a cash advance from your bank. Wells Fargo offers a direct deposit advance that may look good compared to what most direct payday lenders can offer. Even though this seems tempting it usually has higher rates than what most direct payday lenders will charge. The other choice, an installment loan is a viable alternative. The problem is that you need decent to good credit to get approved. Most consumers looking for a cash advance already know this and don’t bother wasting time with an installment loan company. Next you’ll want to see if you can borrow money from a friend or family member. I know it can be tough to ask someone for money but you’ll end up saving quite a bit of money in the long run. Most people will realize you’re in a bind and should have no problem helping you out. Also, I doubt your friends and family will charge you interest or other fees. But even if they do it should be much less than what traditional payday loans direct lenders charge.

    The two options listed above should be your go-to choices if you need cash fast. If you strike out with those options you’ll want to be a bit more aggressive with your choices. Another option that many people don’t think about is to pawn something at a nearby pawn shop. On the surface this seems like a bad idea, but in reality you’re going to pay a lower interest rate when you put something up as collateral. Also, most local pawn shops are regulated by your state. These shops will charge a lower interest rate compared to the traditional online direct payday lenders. Make sure you pawn something that you don’t need. It would be a shame if you pawned your vehicle and could no longer get to work! You’ll also want to explore age old options such as a garage sale or getting a second job. These methods will always be there if you work hard enough. They’re always going to be a better option than an online payday loan. A borrower will never pay interest with these options!

    direct lender payday loans are a good alternative

    If you’ve exhausted all the options listed above, then you maybe a good candidate for different types of payday loans direct lenders. If you find yourself in this situation you’ll want to do some research online in regards to finding the best payday loans direct lender. Make sure your state allows online payday lending. Be sure you apply with the largest most reputable direct payday lenders. That is the most important recommendation we can give you as you begin your search for online payday loans. If you go online and start applying with payday loan matching services you will waste time. You also run the risk of getting your identity stolen. To summarize, do all you can to avoid taking out a payday loan. Payday loans come with high interest rates, but can be a good option as a last resort.

    Be sure to understand the lending process before signing a contract!

    Check out our updated information here: A list of payday loans direct lenders.