How to Get Guaranteed Payday Loans Direct Lenders - Stabene
Sunday, May 31, 2020
Business & Finance

How to Get Guaranteed Payday Loans Direct Lenders

Get Guaranteed Payday Loans


Everyone, including the richest experiences a shortage of funds at some point in their life. When you live paycheck to paycheck life you often find yourself with empty pockets a few days before your next salary is due. During such times, there might be an unexpected medical emergency or a repair bill, which can put you in a financial crisis. And finding a short term loan when you are in a bad financial crisis can be a daunting task. If you are suffering from such financial hardship, do not fret, as you have payday loans for your rescue.

What is guaranteed payday loans direct lenders?

If you’re wondering whether anything called guaranteed loan really exists, it probably does exist. There are many types of loans available in your city, but the most popular one is a guaranteed payday loan. The reason for its popularity is its turnaround time and that it is guaranteed. These are short-term loans that need to be repaid on your next payday and you will not have the consequences of carrying your debts over a long period of time.

What is a direct lender?

When you get payday loans through direct lender the loan amount is provided directly to you without any third-party lender being involved ensuring that you get the best possible rate. This removes the third-party broker costs as well as creates mutual trust between you and your direct lender. Most payday loans are offered only by direct lenders, which allow for greater flexibility and easy approval. Guaranteed payday loans from direct lenders are always quickly processed and mostly done online.

How do guaranteed payday loans direct lenders work?

The first step is to submit your application online or in-store. The direct lender will then review your credentials and will approve your loan application. Once approved there are different ways through which you can receive your loan amount. If you’ve applied online the loan amount is transferred to your bank account on the next business day. Whereas, if you’ve applied in-store you will get the amount instantly in the form of cash or cheque or prepaid debit card.

Pros of getting payday loans

When there are financial hardships payday loans are the best option to consider as you get the money quickly and effortlessly. But do not forget that payday loans come with a higher interest rate. So, it’s important to weigh all the pros and cons before applying for a payday loan.

1)  Instant cash

A financial emergency requires urgent actions and a payday loan is the best option that can give you the instant payday loans Michigan. The application procedure is simple and the lenders can send you the fund within a few hours of your loan application approval.

2) Short-term

As already mentioned, payday loans are short-term and are usually due on your next payday. This lets you easily close the debt within a week or month’s time.

3) Available 24/7

Most of the payday loan lenders are open 24/7. Emergencies can happen anytime and you can apply for a 24 hour payday loan near me and the lending services will process your request immediately.

4) Fewer requirements

Unlike other bank loans, payday loans have fewer requirements. You just need to be above 18 years of age with a social security number, a source of income, and an active bank account.

5) Unsecured

You don’t need to offer any collateral to get your payday loan. As a consequence, they cannot seize your property.

6) No consideration of credit score

One of the important advantages of getting a payday loan is that your credit scores don’t matter. However, with a good credit score, you can get your payday loan at a lower interest rate. Moreover, repaying the payday loan on-time and completing it can improve your credit score.

7) Funds for any purpose

You can use your payday loan amount for any purpose. You can use it to pay off your other loans, meet unexpected medical expenses or any of your personal expenses.

Why direct lenders for payday loans?

There are a number of benefits when it comes to getting payday loans from direct lenders over third-party lenders.


Direct lenders offer loans directly to you through a secure process to avoid any hassles. There are no hidden or early repayment fees.

Easy to apply and qualify

The application process is easy and you can get qualified even if you have a poor credit score. But before applying, ensure that you have the proper income to repay the loan.

More convenient

During financial emergencies, you can apply for a payday loan online without having to go from place to place looking out for help.

Guaranteed reply

Most of the direct lenders will revert you within the same day whether your loan application is approved or declined.

Things to consider before applying

There are a few things to consider before applying for a payday loan. They are as follows

Loan amount – State laws govern how much you can borrow from a direct lender and most lenders do not provide you with the maximum amount.

Loan term – The payday loan term varies anywhere from days to months. Check your state law before applying.

Eligibility criteria – Ensure that you meet all the eligibility criteria before applying for the payday loan.

Your credit score – Though payday loan direct lenders do not consider your credit score, as already said having a good credit score can lower your interest rate.

Your affordability – Do not borrow more amount which you can’t afford to repay easily. So budget your repayments before you borrow.

To sum up

So whenever you are in a financial crisis, keep the pros and cons in mind and then apply for the payday loan. Also, remember that the payday loan carries a higher rate of interest. So budget your repayments even before you apply for the payday loan or else you will suffer from a cycle of debts.

Harold Mitchell
the authorHarold Mitchell
My name is Harold Mitchell, I'm part of the editorial team at the Payday Locker. We offer Online Payday Loans in Michigan. Payday locker is a third-party agent that helps you connect with a lender and get money instantly. I am also a Freelancer Blog Writer So you can also contact me for Blog writing service.

Leave a Reply