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Payday loans online direct lenders only
18 Aug 2017

Payday loans online direct lenders only

Most people do not explore payday loans. The possibility of payday loans is a real many have not explored or have been exposed to recently. In many cases, people do not understand it so they label it as a scam or something to shy away from and steer clear from entirely. Add in payday loans available online and that throws in a whole slew of other suspicions.

Now you can discover that these notions about payday loans and online loans are far from the truth. These types of loans exist to give people access to cash quickly and without a lot of the stringent criteria that banks and other traditional lenders impose on potential borrowers.

Each year, about 12 million Americans take out payday loans totaling over $7 billion. Despite the prevalence, there are many people who are not sure how these loans work or what the advantage is to obtain the type of online payday loans direct lenders can provide. This often means that they are left in need, rather than being able to obtain a cost-effective, short-term loan that is easy to pay back on your very next payday.

What Are Payday Loans?

Simply put, payday loans are funds lent to you by a third party that fall due on the date of your next pay check. When you contact Bonsai Finance to help match you with a qualified direct lender, you never need to offer collateral, nor do you need to be faced with high payments spread out over many months. Providing us with your banking information allows our lenders to deposit the funds directly into your bank account, an advantage not received at many of the brick and mortar payday loan centers you may see in town. Unlike auto or renovation loans, you are free to use your payday loan however you wish, without owing any explanation to your lender.

Why Finding Online Payday Loans Direct Lenders is the Best Option

There are numerous advantages to opting for the online payday loans direct lenders offer. First, it is much easier to apply for an online loan than getting one in person, even from a payday loan center. Applying online gives you the chance to fill out your application in your own time, without feeling rushed or pressured. For those who require loans for sensitive issues or who may have difficult with paperwork, this can be a huge relief. Since most brick and mortar payday loan centers have standard business hours, it also gives you a chance to apply for a loan without taking any time off work or taking you away from your family or social life.

Working with Bonsai Finance also gives you access to numerous direct lenders. These individuals can offer you a wider variety of rates, lump sums, and repayment terms. As a result, you can access more options than if you were to walk into a local store. These loans are also processed quickly, unlike other loans that come through third parties or brokers which can take ages to go through the approval process of multiple companies.

Another reason to use Bonsai Finance’s direct lending service is privacy. Many disreputable brokers and agencies are all too quick to sell your information to anyone who asks, meaning that your address and name can fall into numerous databases. Direct marketing emails, flyers, and even sales calls can follow. Getting off of those lists can be incredibly difficult, especially if the company itself is not based in the United States. Using our direct lending service means that your information stays between you, us, and the lender, not unscrupulous organizations.

How to Apply

Applying for an online payday loan is remarkably easy when you use our services. All you need t have with you is a paystub or proof of employment (such as a formal letter from your employer or other tax documentation). You should also be sure to have your banking information with you, so when we find a lender they can put the funds directly into your account.

Don’t let a need for cash get in the way of your needs or goals. Instead, contact us at Bonsai Finance to get the kind of online payday loans direct lenders can provide. These loans often come with favorable rates and repayment terms, designed to suit your needs, payday, and lifestyle.

Payday Loans Online Direct Lenders Only Offer

There are payday loans online direct lenders only offer to the public. These payday loans are the perfect tool for those who need access to cash immediately with little hassle and quick decisions. These types of loans are not what you might hear about fro traditional lenders like brick and mortar banks. These are online personal loans that are options provided by direct lenders to consumers.

Qualifying for Payday Loans Online Direct Lenders Only Offer

When it comes to payday loans online direct lenders only offer is pretty simple. You do not need excellent credit.  You do not need collateral. You just need to meet a simple, straightforward criteria for receiving one of these payday loans online from direct lenders.

The payday loan qualifying criteria is as follows:

  • You must be at least 18 years old
  • You must be no older than 65 years old
  • You must reside in the United States
  • You must have a regular source of income
  • You must have an active bank account for loan payment withdrawals on a regular payment schedule
  • You must provide a debt or credit card that will serve as a backup payment solution
  • You must provide a phone number that can receive both voice and SMS text messages

Meet the criteria and get the money that you need. It is just that simple to get started on the process for obtaining payday loans online direct lenders only offer to consumers.

How to Use the Loan Funds to Your Advantage

You use the funds in a variety of ways. There are no limitations on how you can use the funds. It is all entirely up to you. The money is under your complete control.

  • Make repairs on your home or start a remodel project
  • Buy a car, whether used or new
  • Get out of debt by paying off outstanding debts like loans and credit cards
  • Take a vacation near or far

With these types of loans, it is all up to you on how you use the funds.

You can see firsthand how these kinds of loans can help you. Look into it further to see how an online payday loan can help you get your financial life in order.