- You are a US citizen.
- You are at least 18 years old.
- Your monthly income is at least $1,000 at some legitimate company.
- You have a valid checking account for at least 3 months.
So if you can meet these qualifying criteria then you should not worry about your financial crunches anymore. Your can get cash from direct or indirect payday loan or cash advance lenders.
Indirect lenders do not offer loans to individuals directly but forward their loan application requests to the direct payday lenders and they charge their commission off every application request they send to direct payday lenders. Unlike them, direct online payday lenders deal with the applicants directly and therefore their charges and application fees are considerably lower to applicants because they do not have to share their interest with any third party.
Most of direct online payday lenders are certified and licensed by state companies. You can fully trust them, as they always have quite strict terms and policies which are very beneficial to you, for example, they would expect you to pay back only the amount that they have agreed upon with you in the very beginning, so there are no hidden fees. Direct loan means faster deposit of funds, while indirect lenders may require more time to process your application for approval with direct online payday lenders. Direct loan are short-term unsecured loans that you have to pay off on the due date, although you may always extend the repayment period for as long as you wish upon your special request.