What to Look for When Choosing a California Direct Payday Lender

california direct payday lenderPayday loans offer a great short-term solution for various types of financial emergencies. If you do a simple search on the Internet, you will find that there are many different payday lenders available today.  However, not all of them will provide you with fair rates or the type of service that you deserve. But what other factors should you consider when choosing a payday lender? We’ve outlined some of the things that you should consider below.

Things to Consider When Choosing a Direct Payday Lender in California

Since you reside in the U.S., you want a U.S. based payday lender. The majority of the payday loan companies you will find on the Internet are companies that do business in the U.S. but not all of them are actually located in the U.S. Some of the companies are located in remote island locations while some of the other company locations are a mystery. The payday lender you choose should be transparent in disclosing it’s location. They should disclose their address on their website and on their loan documents. This is important because by signing a loan agreement you are entering into a legally binding agreement bound by U.S. and state laws.

Your payday lender should have customer service you can count on. Many online payday lenders don’t even have a phone number you can call, much less someone you can actually speak to.  The California direct payday lender you choose should have a phone number you can call and talk to a customer service representative, when needed. You should be able to call and be treated with respect and professionalism, while having the ability to get your questions asked as well. You should also have access to other means of communication -such as email and faxing – in case there is a problem with mode of communication you have another way to contact your payday lender.

Your payday lender should have loan terms that meet your needs. When you’re taking out a payday loan, most lenders will require you pay the loan back on your next payday. But what if you need more than two weeks to straighten out your situation?  The payday lender you choose should either offer you the option to extend your loan due date, pay down your loan, or even offer longer loan periods.  The ability to extend your loan due date will allow you to move the date your loan is due, if needed.  You can plan to repay your loan on your pay date in two weeks, but if something else comes up it’s good to know you have the option to push the payment back if you need to.  “Paying down” or “buying down” your loan is similar to an extension, except that you pay the loan fee and an additional amount that is applied to the principle loan balance (i.e. the amount you borrowed).  This is a good way of stretching out your payments, if making one big payment is simply not feasible.  Finally, having the ability to choose a due date up to a month away can give you much needed time to sort out your financial situation and get back on track.

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Walk-in Payday Loan Stores vs. Payday Loans Online

payday-loans-onlineYears ago, the only choice you had when trying to obtain a payday loan was to seek out a walk-in location. In the past 10 years, a number of lenders have become available online, making the payday loan process easier and more convenient.  However, some people still prefer to use the traditional walk-in “brick and mortar” lending stores for various reasons.  To determine which option is best for you depends on your needs and personal preferences.

Payday Loans Online

Many of the walk-in paydayloan stores also provide the same short-term financial solution online. If you decide to search for a lender online, you can usually determine whether or not the lender offers both online and walk-in services rather easily by reviewing their website. Some online payday lenders are solely Internet-based companies that do not have walk-in store locations.

When working with an online provider, you simply complete the payday loan application online. This is usually an easy 5-10 minute process that can be completed from your home computer. The application generally asks for personal information (name, address, phone, etc.), employment information, bank account information, and references.

Once your application is complete and submitted, it will usually be screened by the lenders online verification system in real-time (i.e. often in seconds, while you wait online). This means your identity will be verified and your payday loan history will be checked to ensure that you don’t have too many payday loans currently out or any payday loans in default. If for some reason you don’t qualify, most online lenders will refer you to an affiliated lender that can approve your loan request – all in minutes. If you meet the online approval criteria, you may be asked to fax or email your current bank statement for verification. Once approved, your loan funds will be electronically transferred into your account by the next morning.

Walk-In Payday Loan Stores

california payday loansTraditional loans are most often obtained by visiting a lenders office by way of a large financial institution.  Most banks and credit unions have a specific department for loans of various kinds.  Walk-in payday loan stores are offices that are specifically designed to issue payday loans or cash advances. These loans are designed to meet your short-term financial needs and are intended to be repaid on your next pay date.

Walk-in paydayloan stores sometimes also provide check cashing services or pawnbroker services. Check cashing services are provided to those who need to cash a check, usually because they don’t have a bank account that they can deposit their check into. Pawnbrokers offer secured loans to people by using their personal items as collateral. Many pawnbrokers and check cashers now also offer payday loans as an additional service.

Walk-in paydayloan stores can be found by looking in your local yellow pages or searching online.  After filling out an application, you will usually need to provide a current bank statement, your ID, and a recent pay stub for verification.  The application and approval process usually takes about 15-20 minutes. Once approved, you will generally be asked to provide a post-dated check as collateral for the repayment of your loan. The check will then be cashed on your next pay date (i.e. your loan due date) unless you choose to come in to pay off your payday loan in cash. You will then have the option to leave with your loan money by being issued a check or cash in hand.

Which is the best payday loan option for you?

If you are person who prefers to do business face-to-face and in person, a walk-in store may be your best option. If you need cash-in-hand the same day or in a matter of a few hours, then a walk-in store will most likely be the best option as well. However, if the next morning is soon enough for getting the funds you need, then you can conduct your business online.  In addition, if you don’t want to run all over town and appreciate the ease and convenience of doing business from your home computer, then getting your payday loans online will be perfect for you.

We recommend Payday Loan Today for your payday loan needs! They're an honest, reliable, and affordable California lender that provides payday loans online within 24 hours. Click-here-to-apply-now

Quick Payday Loans That You Can Count On

quick payday loansQuick payday loans offer great solutions for those unavoidable financial emergencies we all encounter at one time or another. Whether it be an urgent car repair, an overdrawn bank account, or a family member in desperate need of help – these types of situations can be really stressful. But they become even more stressful when you don’t have the money to resolve them! Payday loans are a great way to deal with financial emergencies such as these.

I was recently in a car accident, where luckily no one was hurt. However, my car could not be driven away from the accident scene because it sustained engine damage in the crash.  So, I had to call a tow truck to move it for me. I had the money to do that, but it left my bank a little short on funds. So, when the rental car company asked for a $150 deposit I was stuck trying to figure out what to do. After the tow, I had about $180 in my account… but, I’d just written a couple of check for a few bills that totaled a little over $100. So, I needed around $75-$100 to make sure I could get the rental car I needed and keep my bank account from getting overdrawn in the process.

When giving this some thought, a payday advance was an obvious solution for me. I could get a payday loan in a matter of hours deposited right into my bank account with no hassle at all. I simply went online, submitted my application, emailed my bank statement, and I got an approval phone call within an hour or so.  The customer service representative was kind and courteous and simply confirmed that my loan had been approved. The next morning the money was in my bank account and everything was resolved.  It was really easy and didn’t require me to drive around town looking for a lender because everything was handled online.

Payday loans are great for people who find themselves in situations like the one I described above. I’ve had many different people share similar situations where quick cash solutions come to their rescue. When people don’t have friends or family members that they can borrow money from, and they don’t have credit cards, quick payday loans offer a much needed solution.

About a month ago, my friends sister became ill rather suddenly… and she doesn’t have health insurance. My friend was really concerned about her sister and knew she needed to see a doctor. When calling around to different clinics, they all wanted about $100 just for her sister to be evaluated by a doctor. My friend had just paid her rent, so she only had about $60. She ended up getting a quick payday loan for $200, which covered her sisters appointment and the antibiotic prescription she needed to fill to get her well again.  My friends sister is fully recovered and everyone is doing well!

We recommend Payday Loan Today for your payday loan needs! They're an honest, reliable, and affordable California lender that provides payday loans online within 24 hours. Click-here-to-apply-now