Recently, more and more people are facing emergency difficulties in need of additional funding. Unfortunately, however, most Americans don’t even have $400 in emergency savings to cover expenses on their own.

Moreover, not everyone can borrow money from friends or family or ask for an advance at work. This is why loans are becoming more and more popular, and it really helps to fix all the expenses. At the moment, the easiest and fastest way to get emergency financing is Payday Loan.

Payday Loan is a type of financing that helps borrowers with different types of credit cover all emergency needs, and a direct lender helps to get financing in the shortest possible time at the best price. Below you can get more information about what Direct Lender Payday Loans is, how to get it, what are the requirements and more.


What is a Direct Lender Payday Loan?

Payday Loan is a simple short-term type of financing designed to enable borrowers with any type of credit to apply and receive financing in the shortest possible time. This loan is unsecured, so you don’t have to provide collateral to get your application approved. It is also important to note that payday loans are short-term, so you will need to pay off the debt on the day of your next paycheck, more precisely within 14 to 21 days.

You should also know that a Payday Loan Online is a small loan of $100 to $1,000 which is often enough to cover emergency expenses. People are dropping applications for Payday Loans because this loan can be spent on absolutely any need. The lender has no restrictions on how you can dispose of the received finances. So, if you find yourself in an emergency situation and you have nowhere to get money to cover it, a Payday Loan is exactly what you need.


Where Can I Get a Payday Loan?

Most likely you know that there are several places where you can get funding now – these are banks, credit unions and online lenders. However, unfortunately banks and credit unions do not provide such small cash loans as Payday Loans (small personal installment loans). That is why the only place where you can get Payday Loans is an online lender.

Don’t worry if you have never applied for funding online before, as the whole process is as simple as possible, and after it you can receive money directly to your bank account.


Why Choose Direct Lender Payday Loan?

If you are thinking about applying for a Payday Loan, you should pay attention to the main advantages of a direct lender:

  • Security. Direct Lenders encrypts your personal information so it will not be shared with third parties. In other words, you do not have to worry about the safety of your data.
  • Application approval speed. If you work with the lender directly, then you do not have to wait for the approval of third parties. Thus, your application will be approved almost instantly.
  • Loan cost. It is also worth mentioning that when working with a direct lender, you will not have to overpay third parties for their services. Why pay someone when you can work directly with the lender?
Fill out a simple form to get your money - it takes only a few minutes.


How Can I Get a Direct Lender Payday Loan?

Getting a Online Payday Loan from a direct lender is now as easy as it gets, as the whole process is completely online. Learn the basic steps and get Payday Loan today:

  1. Application. Explore the various loan offers in your state of residence, visit the website of your chosen lender and fill out an easy and convenient online loan application that will take you no more than 10 minutes.
  2. Approval. If you meet the minimum eligibility criteria, your application will be approved almost instantly and the lender will contact you.
  3. Financing. Once you sign the contract, you will be able to receive funding and handle any emergency needs.


Direct Lender Payday Loan Eligibility Criteria

As already mentioned, in order to receive a Payday cash advance from a direct lender, you will need to meet certain eligibility criteria. Although they may vary depending on the state of your residence, as well as the chosen lender, the main ones remain the same:

  • Be a US citizen or an official resident who is at least 18 years of age or older
  • Have a regular monthly income
  • Have an active bank account for deposits
  • Provide government-issued ID
  • Provide a social security number
  • Provide contact details such as phone and email


How Much Does A Direct Lender Payday Loan Cost?

Before you apply, you should be aware that Payday Loans are quite an expensive type of financing. Since direct lenders work with different types of credit, they want to recoup their risks and therefore charge high interest rates. Most often, you will have to pay between $15 and $30 for every $100 you borrow. What’s more, some lenders also ask for additional fees and charges such as early repayment fee, application fee and so on. That is why it is important to compare different loan offers in your state of residence with 123 Money Loans in order to get the best loan for you.

Payday Loan Calculator

Your $500 loan + $79 fee = $579 Total*

* The total cost of borrowing the stated amount at the average (or required by your lender) APR is the amount you must pay back over the period of the chosen term.

Interest rates and fees can vary depending on the lender and state law. You should always check the finance charges in your loan agreement before signing it.

Bad Credit Direct Lender Payday Loan

If you have a bad or poor credit history, then you probably know that banks and credit unions will not be able to provide you with financing. However, payday lenders understand that absolutely anyone can find themselves in a difficult situation and need money. That is why they work as borrowers with different types of credit scores and loan amounts. In other words, even if you’ve had trouble paying your debts, a Payday Loan is still an option for you.

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