Are Cash Advances More Convenient?
The payday loans direct lender only accepts checks. They are based on a cash advance and therefore they require you to have a checking account with a verified account number, at least two weeks’ worth of payment history, and to have a good credit rating. Since they are cash advances the lenders use a type of high-tech system which makes it easy for the employees to look at your credit score.
So if you think that you will be able to get an approval for an unsecured loan, then the payday loans direct lender only may be the best way for you to get your loan. If you already have a checking account, and if you have a less than perfect credit history, the payday loans direct lender only accepts checks. It’s not an entirely new method, but it is a very useful way to get your payday loan.
What are the Process?
The process of getting a check advance is very simple. You can go online, log on to your payday loan company’s website, enter your information, and then submit your application. The agency will issue you a temporary loan, usually for one to four weeks, depending on how much you want to borrow.
When you are approved for a check advance, it is done electronically. You fill out a form that gives them all of your information, your bank account number, and your check number. It only takes a minute to get your loan started.
Once the check is issued, it goes to the customer’s account and is immediately credited to it. There are no additional fees to pay for your payday loans direct lender only. The loan amount varies by each company. Typically, it will be between two hundred and four hundred dollars.
The check is cashed at the time specified in the check agreement. Most companies require that the check be sent to the payday loans direct lender only. Many also require that you return the check, usually via certified mail, within a couple of days.
If the check does not get cashed, you can either get another check from the company, or you can use your credit card to pay for the check. You can get a second check or the credit card to pay for the first check.
How much is the loan amount?
You can check with your existing lender to see what their minimum and maximum loan amount are. You can then use this information to determine if the payday loans direct lender only is the way to go. The difference between the loan amount and the cost of your existing lending institution could save you hundreds, if not thousands of dollars over the course of the loan.
Although the interest rate of the check advance fees is the same, the difference in interest rates can sometimes be significant. You will need to contact your current lender to find out the specific terms and conditions of your payday loans direct lender only check advance.
The payday loans direct lender only can apply the money to your next paycheck to make sure that you will be able to make your loan payments. You will have to have proof of your checking account status, like a statement from your bank, and your credit score will need to be above 600. You will have to sign a release of this information before the payday loan can be processed.
No Collateral Needed
Because this loan is unsecured, there is no collateral involved. This means that you do not have to pay any form of security to be approved for this type of loan. You should expect to pay the balance of the check every month until the loan is paid off.
In addition to being a safe way to pay for your bills, cash advances are convenient. When you get a check advance, your check will bounce more than once. So you will have to be aware of how much your account balance is and keep track of it.