Payday Loans Online Direct Lenders Only – No Teletrack
Explore the main benefits of an online payday loans direct lender and learn how to apply for guaranteed approval.
How to get a guaranteed Payday loan from a direct lender?
If you need quick approval to get the necessary funding, then you should definitely apply for a payday loan. By working with a direct lender, you can get the money you need much faster, so this option is great for emergencies. By using the online lending service, you will be able to get approval for a payday loan from a direct lender on the same day you apply. Thus, if you have money problems and need a quick loan from a direct lender – don’t wait, start now!
What is a payday loan from a direct lender?
If you find yourself in a difficult financial situation and you urgently need money, a loan can be an excellent option as it allows you to get financing as quickly as possible. When deciding which loan to choose, many people wonder what exactly is a payday loan from a direct lender and how is it different from a traditional payday loan?
A payday loan is a short-term type of loan that helps borrowers get the money they need to solve financial problems. As the name speaks for itself, you must repay the loan on the day of your next paycheck. It is also important to note that the loan is unsecured, which means you do not need to provide collateral in order to be approved. So what’s the difference?
Payday Loan direct lender VS Traditional Payday Loan
Traditional payday lenders take money from the bank and lend it to you at interest, thus acting as an intermediary between you and the bank. What’s more, traditional payday lenders charge interest on their work, so your loan will cost more. However, why do you need an intermediary when you can get a loan from a direct lender?
Unlike traditional lenders, direct ones lend their own money so you don’t have to overpay to intermediaries in order to be approved. Moreover, the fewer people are involved in your loan, the faster you can get it. Thus, dealing with a traditional lender takes much longer. When working with a lender directly, all you need to do is submit an application and wait for approval. Thus, payday loans from a direct lender can be obtained not only faster, but also cheaper.
How do payday loans from a direct lender work?
As already mentioned, payday loans from a direct lender are created so that the borrowers can get money as quickly as possible to solve their financial problems.
Often, you can apply both online and in the lender’s store, but the most convenient way is online lending. You no longer need to drive to the lender and wait in line for hours as you can apply at home. All you need to do is visit the lender’s website, fill out a simple online form and provide information about yourself.
There is no need to worry about the safety of your data, as it is encrypted and not transferred to third parties. Moreover, another advantage of working with a direct lender is security. If you are applying for a traditional payday loan, the lender and bank employees will have access to your data, while when working with a direct lender, he does not share your personal information with anyone. After submitting the application, you just have to wait for a guaranteed approval and receive the money. As a rule, payments are made to your bank account within one business day.
What are the main advantages of a payday loan from a direct lender only?
When working with a direct lender, there are no third parties involved in approving your loan. This way, fewer people have access to your data. What’s more, direct lenders use encryption so your data cannot be shared with third parties.
When dealing with traditional lenders, they will borrow money from a bank to lend to you. Thus, you will have to wait for approval not only from the lender, but also from the bank. Working directly with the lender, he lends you his own money, so you can get paid as quickly as possible, even within 1 hour.
Direct payday lenders offer you online lending, which makes it possible to apply without visiting the lender’s store. Moreover, you can fill out the form at any time of the day.
How to apply for a payday loan with a direct lender?
In order to apply and be approved, follow a few simple steps:
- Choose a lender. In order to find the best loan offer, it is necessary to compare the options of different lenders. Thus, if you study the offers, you can find the most profitable and suitable one for you. Of course, it is important to give preference to a legal direct lender that has no hidden fees and charges.
- Make sure you meet the requirements. As you know, each lender has its own eligibility criteria that must be met if you want to get approval. Also, criteria may vary by state law. The main requirements are usually:
- be at least 18 years old
- be a US citizen or official resident
- have a regular source of income
- provide a valid social security number
- Fill out the application. In order to do this, you need to visit the lender’s website. Next, you should provide basic information about yourself and check it before submitting, otherwise you may be disqualified.
- Wait for approval. Typically, applications are approved very quickly, sometimes instantly or within minutes. This way, you don’t have to wait long for the lender’s decision.
- Get money. Once approved, the lender will contact you to discuss the details of the loan and its repayment. You can also ask all your questions. After that, you will be able to receive the money, which will be transferred to your bank account within one business day.