subject: Direct Payday Loans- Simple And Quick Assistance [print this page] If you are looking for a short term loan then you may find two types of lenders on the internet. One is direct lenders and the other one is loan brokers. Direct lenders offer you direct payday loans. These loans are issued by the people who are actually lending you money. You deal directly with the lender whereas in case of loan broker you deal with a broker who is acting as a facilitator for providing you the loan. In this case you may find the interest rates of the loan ridiculously high. So you would find the direct lender with the best offer for you.
Direct payday loans are very easily available. You can apply for the loan through the internet and the money will also be transferred through the internet. These are simple and quick way to get money. These are short term loans that are issued to you for a period of 14 to 30 days. So you have to repay the loan on your payday. It would be wiser on your part if you can plan the repayment in advance as the penalties for the late payments are really high.
These loans are issued to the salaried class of US citizen only. You need to prove your power to payback before you get the money. So you need to prove the following for getting these loans.
The applicant should be a citizen of US.
The applicant should be at least 18 years of age.
The applicant should be employed and should be getting a regular paycheck of $1000.
The applicant should be having a valid checking account in his name.
All these stipulations are required to be fulfilled so as to make sure that you repay the loan in time.
