Finding better direct lender for payday loans online

Aug 02, 2017

Payday Loans Direct Lenders Bad CreditWhen in search of quick cash online, payday loans from direct lenders seem to be the perfect solution. And they are, provided you approach payday loans responsibly and know how to choose a right direct lender with a good cash loan offer for you. In cases of emergency, people tend to forget about good sense and commit mistakes when signing loan papers. Add that to predatory lending practices, and you have got a killer equation, a sure road to spending years indebted. For borrowers who are unaware of what they should consider before getting cash advance offer, THE Bear has come up with a short guide on the basics for making a correct decision.

Don’t trust your first impression

Although they say that the first impression is the most important, this doesn’t apply to choosing payday loans. The moment you start looking into the possible options, you will be amazed by the huge number of direct lenders eager to give out cash. However, doing your homework and a thorough research of “take now” offers is the best thing you could do for yourself.

Ask for recommendations or look for online reviews

With payday advance loans being so popular today, there is surely somebody among your friends that has dealt with a lender and can recommend it. A real experience is a plus in favor of selecting this lender as a reliable one. Good reputation works even better than any ads. Learn more about a specific lender by browsing the internet and reading clients reviews. Read the reviews on social media or find a client who had used this services in past and ask questions personally.

Check out the lender’s license

One of the most important things to consider is the state license of any direct lender. A lot of companies are working in this field without having a necessary permission for their activity. THE Bear works with state licensed direct lenders only!

Learn more about the direct lender’s regulations

Each lender has it’s own policies and regulations. Yes, we refer to those long boring documents that people don’t usually read. It is a must for consumers to read those papers before signing anything. Although going through the entire document might take some time, it will save you from a headache in the long run.

Compare rates from different online lenders

Be ready for high APRs when in search of cash loans. Accept only an APR that you are capable of paying and doesn’t burden you too much.

Pay attention to website security

When applying for online payday loans, you provide personal data. Therefore, it is crucial that the site is secured and keep the customers’ data safe. However, you should know that store front lenders will also hold your data on online servers. The website must include “https” in its name, and not the usual “HTTP.” The S, at the end, stands for Secured, meaning that using this website is safe.

Ensure that lender accepts income

Most online lenders allow revenue coming from full, part time or self-employment, social security and even child support. The main task for borrowers is to show any income properly.

Work with an online loan matching service

Online loan matching services are a good helper when borrowers have no time and need online cash advance ASAP. Fair loan services, like BadCreditBear, use lenders who have passed a proper verification process. With us, you don’t need to submit an application for every lender; a single form is enough! Payday loans aren’t the “bad thing” lots of people claim. A payday loan can be the best help in an urgent situation if used responsibly.