• Who are the best direct payday lenders?

     
    If you’re reading this article you’ve probably already realized that you’re better off applying for a payday loan with one of the large and reputable lenders that is currently listed in our database opposed to a random payday loan site online. Now that we’re past that you’ll next want to find the two or three best direct payday lenders for your specific situation. Once you’ve identified the best companies that offer online payday loans you’ll want to take the next step. Assuming you’re approved for a loan with more than one lender, you’ll be best served to pick the direct payday lender with the lowest interest rates and the best online reputation and track record.

    Most direct loan lenders don’t actively fund in every state

     
    Many consumers ask us, “Who is the best direct payday lender?” You’d think that would be an easy question to answer but it’s not. online payday loans from a direct lender
    Reason being, many of the largest most reputable direct payday lenders don’t operate in every state. For example, MyPaydayLoan.com is one of the longest serving and most reputable direct loan lenders around but they only offer payday loans in 20 states. So, MyPaydayLoan may be the best direct payday loan lender for someone who lives in Texas, but if you live in California you’d be out of luck as they don’t offer loans in California at this time. Another variable when looking for an online loan is how much money you’re looking to borrow. Some direct payday lenders such as CheckintoCash will only let you borrow up to $255. Other lenders such as NetCredit will extend loans at anywhere from $1,000, to $10,000. With a payday loan, you will typically be able to pay off the loan in a few weeks(usually on your next pay date). With a large dollar loan, you will have more time to pay off the loan. It will usually be anywhere from 3 months to 3 years. That may seem like a long time to pay off your loan, but remember your interest charges are going up each month that your loan is outstanding. Lenders that offer loans of more than $1,000 are usually not providing online loans. These high dollar loans are commonly called direct installment loans. These types of loans are different from direct payday loans in that they have set monthly payments with set payoff times.

    Based on these different variables that come into play when you’re looking for the best payday loan we can’t necessarily recommend any specific direct payday lenders. Perhaps if we knew how much you were looking to borrow and what state you lived in it would be different but without that information, we can’t recommend any specific direct loan lenders. Rest assured, there are great direct payday lenders in almost every state. In order to find the best lenders, we recommend that you use our database of direct loan lenders to find the best lender for your specific situation. We do our best to list the states each lender can offer direct payday loans in and how much money each direct payday lender can loan. Feel free to check out our updated list of direct payday lenders today. We update our database of direct payday lenders at least twice a week in order to make sure the information is current and accurate.