PaydayLoanApplication.com does not provide lending services to its clients; rather, it serves only as a conduit for finding the perfect payday loan for your specific needs. As such, we charge no fees of any kind. Your lender determines the interest rates and loan fees based on the information submitted in your payday loan application. PaydayLoanApplication.com has no control over interest rates or loan fees.
After completing your payday loan application, your information will be submitted to our comprehensive database of trusted lenders where your application will be matched with a lender that meets your needs.
Once you’ve received a loan offer that you deem suitable, your next step will be to read an e-signature page that fully discloses all the relevant information about the lender chosen by PaydayLoanApplication.com, including rates and fees. The page will be there for you to review, with no obligation to accept the terms. Should you decide that the terms are satisfactory and want to continue with the loan procedure, all you’ll need to do is add your e-signature to the page. With that, the funds will be transferred to your bank account within 24 hours.
The Truth in Lending Act, which was enacted to protect consumers from untrustworthy lenders, means that lenders are legally obligated to reveal all interest rates and loan fees to you, the borrower. If the terms of the loan are unsuitable, you can end the payday loan application process with no obligation or fees incurred.
The rates and fees of a loan will vary based on the lender. For instance, a bank loan usually has lower rates, but the terms of a bank loan are much tougher than a loan from another type of lender. Bank loans also take much longer to receive. With a payday loan, your money can be received in just a few minutes, as opposed to the weeks the banks can take to process the required paperwork and background check needed to approve your application
Viewing the list of your prospective lenders at PaydayLoanApplication.com is always free; you will never be charged fees to consider your list of lenders. PaydayLoanApplication.com does not conduct a credit check, so a negative credit history will not impact the interest rates or loan fees at all. Your credit score will not need to be submitted during the entire payday loan application process.
Rates and fees on your loan could depend on the laws and regulations of your state. Some states have enacted strict laws against the payday loan business, which result in higher fees. The fees depend on the state of residence.