Instant Payday Loan Direct Lender
Instant Payday Loan Direct Lender – Angela’s car broke five days before she would get her next salary. If she went back and forth to work, she would need her car. She called several friends to borrow the money without luck. Her friend recommended by Paul and immediate flash credit. Angela told Paul she didn’t have the credit to get a loan. Paul informed her that the credit was not a problem with an immediate payday loan. An immediate payday loan is a short, low-term loan. This means that the loan amount can be anywhere between $ 100 and $ 1000. It is short term because it is usually only held until the next payday of the borrower.
Angela went online and found several sites for immediate payday loan. She found the company that offered the lowest rate and went to the question and answer section of the site so she could find out everything there was about an immediate payday loan.
Angela learned that in order to qualify for the loan, she would have to meet a few simple requirements. The first requirement was that Angela had an income. Instant Payday Loan Direct Lender, Many types of income were accepted. Income such as wages from a job, unemployment, temporary disability, social security or compensation for employees. Angela has also learned that there are a few types of income that are not accepted. Social security in someone else’s name and state of well-being are two examples.
Angela continued reading and learned that it was also necessary for the borrower to have an active bank account. This is because the loan money is given to the borrower by direct deposit through their bank account. When the loan becomes due and payable, the lender will withdraw the money directly from the borrower’s account.
Instant Payday Loan Direct Lender
Angela knew that the loan was not given for free, so she read on to find out more about the interest rates. She discovered that the interest rate depended on the loan amount. The more the amount borrowed, the more the interest payment would be. Angela was curious if there would be penalties if she did not have the full amount of the loan in the bank. The website stated that the full amount should be there. They do not accept partial payments.
If the full amount of the loan including the interest payment was not in the borrower’s account, the lender would automatically give the borrower an extension. An extension is usually saved for a week and there is a fine. The borrower will be charged and an additional interest payment for each week that the full amount due is not in the account.
Angela read everything she could on direct payday loans
and she was convinced that this was the right decision for her. Instant Payday Loan Direct Lender – She started filling in the application online. She took all the necessary information and was told that she had to wait twenty-four hours for a decision. The last screen of the request stated that it would be notified by e-mail.
The next morning Angela checked her email and discovered that she qualified for the amount she wanted. Angela had the money in her bank account within a few hours. She wrote a check for the mechanic and got her car back.
Five days later, when Angela received her salary, she made sure that her money to repay the loan was in the account. Later that day Angela checked her account balance and the loan amount including interest was deducted from her account. Angela was very satisfied with her immediate payday loan and she said she would use another one if she ever got stuck.
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