All but the richest among us will have times when they suddenly face a financial crisis and are unable to get through it without relying on some form of financing.
But credit today can be tight in many quarters, and even when you can gain approval for a loan, the process might be unacceptably slow and tedious. And there is not guarantee that after all the time and effort you put into pursuing the loan that you will even be approved in the end.
Add to that below average credit scores or lack of a significant credit history, and the fact you need a small, short-term loan for personal expenses, and it might be next to impossible to borrow fast cash via “conventional means.”
Nearly 12 million Americans find themselves in need of short-term loans at some point throughout the year. These loans may be for emergencies, such as medical crises or to fund major repairs. In other cases, you may want extra money to send your children to camp or take your family on a nice vacation. Regardless of the reason, obtaining payday loans direct lenders gives you access to the best loans at the best rates.
Why Get a Payday Loan?
Payday loans are the perfect solution to a short-term financial need. They are particularly advantageous to those who have poor or bad credit and cannot obtain a loan through other, more traditional needs. These loans are also an alternative to borrowing from friends and family, giving you more freedom in how you spend the money.
Here at Bonsai Finance, we are happy to help match you with the perfect lender for your financial needs, regardless of your purpose for borrowing the funds. Our agents are informative, friendly, and non-judgmental. Through a simple process, we can get you connected with lenders agreeable to your situation in no time.
What are the Advantages to Getting Payday Loans Direct Lenders Over Other Options?
Finding payday loans direct vendors instead of option for other options comes with numerous advantages. You can access multiple lenders, each with differing terms and rates, giving you much greater flexibility than with traditional payday loan centers. In many cases, you may find that you can get a much better interest rate with a direct lender than with other payday loan options.
Individuals with poor or bad credit can also access loans; something that is normally impossible with traditional banks. At Bonsai Finance, our goal is to ensure that you receive the loan you need with terms you can live with. Using direct lenders instead of third party services, agencies, or brokers also helps to keep fees down, resulting in more money in your pocket.
What Do You Need to Apply?
Applying to a payday loan from one of our direct lenders is a very simple process. All you need to have with you is proof of employment, which can be in the form of a paystub or letter from your employer, and your banking information. Our lenders can deposit the funds directly into your account to make it easier to access them immediately. Alternatively, we can give you the funds on an unsecured credit card, allowing you to access them without requiring a bank account.
Using Payday Loans Responsibly
Payday loans are a great way to get you out of a financial jam or to cover a short-term expense. Never take out a loan that is bigger than you can reasonably pay back. Think about your monthly income and the speed with which you can repay when determining the amount that you need. If you have borrowed slightly more than the necessary amount, be sure you make all your required payments before spending the excess. You do not want to find yourself in a situation where you need to visit multiple lenders.
Another thing you should keep in mind is the purpose of the loan. You need to be certain that a payday loan is the best option. For example, if you are trying to pay off multiple lenders at once, a debt consolidation loan may be more appropriate for your needs.
Regardless of your reason, finding payday loans direct lenders is the perfect solution to your cash flow issues. Contact us at Bonsai Finance to learn more about the lenders we work with and how we strive to match you to the perfect one for your situation and needs.
Guaranteed Payday Loans Direct Lenders
One major solution when you are in a financial bind and need to get to the next paycheck, is to take out a short-term payday loan. These loans are only for relatively small amounts, maybe a few hundred to a thousand dollars, and for 2 to 4 week periods.
If your financial crisis is only short-term, meaning you have reliable income going forward to repay the loan and to avoid a repeat crisis, then a payday loan may be able to get you out of a tough spot.
Many payday loans are from direct lenders, not from a regular bank, which allows you greater flexibility and a much greater chance of approval. In fact, payday loan customers are so routinely approved that they are sometimes referred to as “guaranteed.”
Guaranteed payday loans direct lenders provide are also quickly processed, and oftentimes, processed entirely online. You may be required to have an active US checking account, and sometimes, you might have to stop by a physical location to finalize a loan, but frequently, you can get approved online instantaneously after an only minutes-long request process.
Payday Loan Credit Cards
At Bonsai Finance, we not only offer guaranteed payday loans as a direct lender but we also allow you to speed up the process and make it even more convenient by using a payday loan unsecured credit card.
You don’t even have to have a checking account if you choose to load your payday loan onto a specialized payday loan credit card. You simply arrange for your paycheck to be loaded onto the card as well and for your loan payment(s) to be automatically deducted from it. Thus, the card itself functions much like a checking account, besides facilitating the loan and acting a bit like a credit card.
Online Personal Loans
Besides guaranteed payday loans direct lenders like Bonsai Finance provide, you should also consider online personal installment loans.
These loans allow you to take out a bit more a bit longer, say up to $5,000 for as long as two years. Thus, if you have a steady income and can make your loan payment on time but are dealing with a financial problem that is a little longer and larger, no-collateral personal loans might be a better option than payday loans.