subject: No Teletrack Direct Payday Lenders - Save By Applying Online [print this page] Author: Hector Milla
Its safe to say that almost everyone lives on credit. Its the American way of life, but that way of life is changing dramatically. The economic fiasco has had an impact on consumers everywhere. Banks and other lending institutions have tightened their lending policies and some banks wont even look at a borrower unless they have perfect credit. That scenario is creating a major issue not only for people who live from paycheck to paycheck, but for people who have assets to use in case of a financial emergency. Natalia Osorio Editor of the "Direct Payday Loan Lenders" website -- http://www.DirectPaydayLoanLenders.org -- pointed out; ..Online payday loans have become a vital financial tool for people who suffer from a weak credit report or bankruptcy and need money fast. No teletrack online payday loans are helping people deal with everyday money issues and they are saving them money in the process. Online lenders try to stay competitive by offering no credit check loans and better interest rates Any borrower who is considered a credit risk by the three major credit reporting agencies or by teletrack can get a quick loan through an online website if they meet three basic requirements; the first requirement is the borrower must be 18 years old or older, next the borrower must have a paying job, and third a valid checking account must be in the borrowers name. So in order to be approved by an online lender you need to have direct deposit capabilities, you must be currently employed for three months and have a net income of at least $1,000 per month. Most online same day lenders dont do any kind of credit check. Applications are approved in minutes as long as the borrower provides accurate information and completes the application without omissions. Online lenders approve almost everyone who needs a loan, in fact there is a 98% approval rate and the loan is usually sent to the borrower within 24 hours. A quick loan is usually for a 2 to 3 three week period. The maximum amount thats available from the lender is $1,000. The repayment date of loan is filled in at the time the application is completed and it's usually the date of the borrowers next paycheck, but if the borrower needs more time the terms can be extended. The loan can also be repaid before the due day without a penalty. The interest rate on a same day loan can be expensive, but when you apply online you may get a break on the interest rate because of the competition N. Osorio added. Further information and instant approval payday loans regardless of your credit by visiting: http://www.DirectPaydayLoanLenders.orgAbout the Author:
Hector Milla runs his corporate website at http://www.OpsRegs.com where you can see all his articles and press releases.
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