Know about Secrets to Getting an Online Payday Loan
Online Payday Loans: Here’s what you need to know to get your online payday loan. Make a checklist of these 10 secrets while applying. See if you can match so many secrets to maximize your approval changes or a payday loan.
1. Only applicable to sites for matching lenders
There are two types of payday loan sites on the internet: Direct Lender and Lender Matching. Direct lender sites are managed by the actual lender, while lending matching sites collect loan applications and then submit them to many lenders on your behalf and match you with the best lender for your situation. Direct Lender websites approve only a small portion of sites that match the lender.
2. Apply only in the morning
Your best chance to get an online payday loan applies to a weekday morning. Why is this? Because the call centers are fully staffed and the lenders are hungry for credit applications. If you submit an application after 4 p.m., many lenders will refuse loan applications because they cannot fully complete the payday loan due to poor closing times and problems with call centers. Always request online payday loans in the morning.
3. Never apply on the weekend or on public holidays
Almost no loan applications are approved on public holidays and at the weekend. This is for the same reasons as why you should register on weekday mornings. So if you pay bills on Sunday evening and you decide that you need a payday loan, it’s best to wait and apply on Monday morning.
4. Only applicable once per payment period
Many lenders will only view your credit application once per payment period. They will automatically reject your loan application if they have tried to subscribe in the last 2 weeks. The only acceptance of this rule is if you use money-matching matching payday loan websites to sign up. They can usually screen lenders in advance who have already tried to provide you with an online payday loan.
5. Always provide references on the loan application
Many online payday loan applications do not require references, but the big secret is that many of the most reputable payday loan companies will score higher on your loan application if you provide references.
6. If you and your spouse apply separately for payday loans, you must use separate e-mail addresses
Many online payday loans check for fraud by counting how many social security numbers use the same email address to request loans. The problem is that couples often use the same email address. Some accept 2 social security numbers, others do not. To ensure that you work around this problem, you and your spouse must sign up with different email addresses.
7. Request payday loans during the holiday period
The holiday season is the busiest time of the year for online payday loans. They know this fact and they are prepared with extra staff and money to finance your loan applications. The worst time of the year to apply or a payday loan? January. Online payday loan shooters are busy hanging out on vacation collecting all the money they have borrowed. Many of the lenders are reducing the number of loan applications they are financing in January.
8. If you had a payday loans from someone company in the past, go back to the same company website to get another one
If you had a payday loan from lender website in the past and paid it off, you are a VIP customer. This means that you will receive special treatment from your previous lender. They always relax the acceptance of previous customers with a good reputation. Do not try to go to another lender if you fit into this category.
9. If you are a soldier or receive benefits, look for a website that is specific to you
The reality is that 99% of all online payday loan websites do not accept loan requests from military or benefit clients. You must search the internet to find the website of the online payday loan that can specifically meet your needs.
10. Be smart when entering your next 2 payment dates on your loan application
Most online lenders will not finance a loan that is shorter than 4 business days. So if you are paid on a weekly basis or your next payment date falls within the next 4 business days, you can consider applying for your second payment date as your next payment date. This will increase your chance of approval.