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.

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

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