Direct Payday Lenders – Terms & Conditions
This document was last updated on December 16th, 2020.These disclosures are provided to you for information purposes only and should not be considered legal advice. Direct-payday.com is dedicated to providing the best information possible regarding direct payday lenders and installment lenders. Our goal is to provide consumers with informative and state specific information on how they can make a more informed decision regarding payday loan/installment loan related issues. The disclosures listed below are provided to you as an informational service only and should not be construed in any way as legal advice. We are in no way a direct lender or matching service. Since we aren’t a lender we have no access or information regarding the full terms of your specific loan.
One of the benefits of our website is our database of direct lenders. Our database will usually list only payday lenders or installment lenders. However, there may be times when we list additional financial resources. Payday loans or installment loans may also be referred to as a cash advance, fast cash loan, payday advance loan, faxless loan, etc… The lenders listed in our database will usually offer a loan with a loan term of anywhere from 1 month to 5 years. For the most part these terms depend on which state you reside in. Be sure to check your specific state regulations before you sign off on a loan. Remember, these types of loans should never be used to remedy a situation where you already have significant debt to deal with, not to mention if you have credit concerns. Payday loans and installment loans should only be used as a last method of dealing with financial hardship. You should only use these types of loans for a short term cash crunch with the intention of paying them back as quickly as possible.
Most lenders listed in our database will offer a short term payday loan or installment loan for up to $5000 (Dependent on Specific State Regulations). Not all lenders are able to provide up to $5000. At direct-payday.com we take no responsibility for any information or documentation you provide to a lender that’s listed in our database. Providing information on the lender’s website does not always guarantee that you will be approved for a short term payday loan or installment loan.
This website is completely free to use. The owner/operator of this Website and database of lenders is not an agent, representative or broker of any lender and does not endorse or charge you for any service or product. The states serviced by our database of lenders may change from time to time and without notice. Payday loans and installment loans are not available in all states. This service does not constitute an offer or solicitation for payday loans in Arizona, Arkansas, Georgia, Massachusetts, New York, Ohio, Pennsylvania, Virginia, or West Virginia. Once approved for a loan most lenders will generally provide a cash transfer within 24-48 hours, unless it’s a weekend or a holiday. The exact transfer times will vary between lenders and may also depend on the rules and regulations of your specific financial institution. You may have to fax documentation to a lender in order to confirm your identity, bank information, or work history.
Most lenders will generally not perform a credit check with the three large credit reporting bureaus: Equifax, Experian, TransUnion. Be sure to check with your lender and read the fine print before you consent to any type of credit check or verification that may be asked of you. Sometimes a lender may perform a credit check or consumer report through alternative providers such as Chexsystems, Teletrack or DP Bureau. You should not attempt to qualify for a payday loan or installment loan if you have similar types of loans outstanding. Remember, we can not provide you with any information regarding your loan. Please contact your lender directly if you have questions or concerns regarding your payday loan or installment loan.
The Annual Percentage Rate (APR) is the rate at which your loan accrues interest. Every state mandates that a lender must show you the loan APR before you enter into a loan agreement. Specific APRs will vary from 33%-800% for payday loans & installment loans. Each state has specific rules and regulations which limit the APR a lender can legally charge you. Be sure to do your due diligence when applying for a loan. Make sure the lender gives you’re the exact terms (including APR) before you enter into a loan agreement.
Financial Information Regarding Late Payments:
All lenders have their own policy when it comes to late payments. This policy may include additional fees and interest. Quite often a late payment will result in a lender reporting to the credit reporting bureaus causing your credit score to fall. Before you sign off on a payday loan or installment loan make sure you have read and fully understand the ramifications of making a late payment. Much like the APR information listed above all states have specific rules and regulations regarding late payments.
Information Regarding Non-Payment & Lender Collection Practices:
If you fail to make your loan payments you may end up being responsible for additional fees, interest, and collection costs. These terms should always be disclosed in your loan contract. Non-payment will usually lower your credit score. Federal law requires lenders and third party collection agencies to use fair practices in their collection actions for any loan that has yet to be repaid. As a debtor in the United States, you’re protected by the Fair Debts Collection Practices Act. This Act specifically limits how a lender or a third party can collect on an unpaid balance. For example you have the right to:
– Not be contacted by phone anytime before 8 am or after 9 pm.
– Not be harassed or have abusive language used towards you over the phone.
– Not be deceived by a collector that’s trying to collect money from you.
– Not be threatened with legal action if it is not permitted.
All lenders listed in our database have their own renewal policies. Also, each state has specific rules and regulations regarding how long and how often a loan can be renewed. Some lenders may automatically renew your loan or they may require your permission to renew your loan. If you renew a loan the repayment period for that loan will likely result in additional fees, as well as increased interest. If you incur fees or if your interest rises you will see a large increase in the total amount you owe on the loan. Before you sign off on a loan be sure to check with your lender to see if they automatically renew loans or if they require your permission to renew the loan.
Personal identification information
We may collect personal identification information from Users in a variety of ways, including, but not limited to, when Users visit our site, register on the site, and in connection with other activities, services, features or resources we make available on our Site. Users may be asked for, as appropriate, name, email address. Users may, however, visit our Site anonymously. We will collect personal identification information from Users only if they voluntarily submit such information to us. Users can always refuse to supply personally identification information, except that it may prevent them from engaging in certain Site related activities.
Non-personal identification information
We may collect non-personal identification information about Users whenever they interact with our Site. Non-personal identification information may include the browser name, the type of computer and technical information about Users means of connection to our Site, such as the operating system and the Internet service providers utilized and other similar information.
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How we use collected information
Direct-payday.com may collect and use Users personal information for the following purposes:
- – To improve our SiteWe may use feedback you provide to improve our products and services.
How we protect your information
We adopt appropriate data collection, storage and processing practices and security measures to protect against unauthorized access, alteration, disclosure or destruction of your personal information, username, password, transaction information and data stored on our Site.
Sharing your personal information
We do not sell, trade, or rent Users personal identification information to others. We may share generic aggregated demographic information not linked to any personal identification information regarding visitors and users with our business partners, trusted affiliates and advertisers for the purposes outlined above.
Third party websites
Users may find advertising or other content on our Site that link to the sites and services of our partners, suppliers, advertisers, sponsors, licensors and other third parties. We do not control the content or links that appear on these sites and are not responsible for the practices employed by websites linked to or from our Site. In addition, these sites or services, including their content and links, may be constantly changing. These sites and services may have their own privacy policies and customer service policies. Browsing and interaction on any other website, including websites which have a link to our Site, is subject to that website’s own terms and policies.
Your acceptance of these terms
By using this Site, you signify your acceptance of this policy and the terms of service listed below. If you do not agree to this policy, please do not use our Site. Your continued use of the Site following the posting of changes to this policy will be deemed your acceptance of those changes.
2973 Harbor Blvd
Costa Mesa, CA 92626
This Agreement was last modified on December 7th, 2020.
Please read these Terms of Service (“Agreement”, “Terms of Service”) carefully before using https://www.direct-payday.com (“the Site”) operated by Direct-payday.com (“us”, “we”, or “our”). This Agreement sets forth the legally binding terms and conditions for your use of the Site at https://www.direct-payday.com.
By accessing or using the Site in any manner, including, but not limited to, visiting or browsing the Site or contributing content or other materials to the Site, you agree to be bound by these Terms of Service. Capitalized terms are defined in this Agreement.
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We may terminate your access to the Site, without cause or notice, which may result in the forfeiture and destruction of all information associated with you. All provisions of this Agreement that by their nature should survive termination shall survive termination, including, without limitation, ownership provisions, warranty disclaimers, indemnity, and limitations of liability.
Links To Other Sites
Our Site may contain affiliate links to third-party/partner sites or that are not owned or controlled by Direct-payday.com.
This Agreement (and any further rules, polices, or guidelines incorporated by reference) shall be governed and construed in accordance with the laws of California, United States, without giving effect to any principles of conflicts of law.
Changes To This Agreement
We reserve the right, at our sole discretion, to modify or replace these Terms of Service by posting the updated terms on the Site. Your continued use of the Site after any such changes constitutes your acceptance of the new Terms of Service.
Please review this Agreement periodically for changes. If you do not agree to any of this Agreement or any changes to this Agreement, do not use, access or continue to access the Site or discontinue any use of the Site immediately.
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