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Payday Advance Loans Online

A cash advance payday loan can offer a financial solution for individuals with poor credit or no credit history, but they can also provide fast cash for individuals who do not have time to wait for conventional loan processing. An application for payday advance loans is fast, easy and discreet and can be done from home on the applicant’s PC.

How to Get a Cash Advance

Most quick cash advance lenders require that loan applicants have had the same job for at least 3 months and have had an active checking account for 3 months or more. Borrowers can apply for a cash advance online and there is no credit check. Many lenders offer loans with no faxing necessary and simply verify the applicant’s identity and employment. The checking account is required for direct deposit of the loan funds and borrowers should confirm their account information, including the routing number, with their bank or financial institution to insure prompt receipt of their funds.

Terms of Payday Loans

A cash advance payday loan is a very short term loan, usually for 14 to 30 days. At the end of the term, the full amount of the loan plus interest must be paid to the lender. In some cases it may be possible to extend the loan by making interest only payments and some direct cash advance lenders may offer installment payments over a 90 day term to preferred customers. Since interest rates on short term loans are higher than rates on other types of credit, it is usually best to pay off the loan as quickly as possible since there are no early payment penalties.

Getting a Quick Cash Advance

A quick cash advance can be deposited in a borrower’s checking account in as little as one hour, depending on the lender and the policies of the borrower’s banking institution. Some banks may not credit the deposit until the next business day so the advance cash may not be available immediately. The delay is most often due to banking policies as most lenders send the money as soon as the loan is approved. Speed is one of the biggest advantages of getting a cash advance online.

Dealing with Financial Emergencies

A cash advance direct lender specializes in small, short term loans, usually for amounts between $100 and $1000. The amount of the loan is based on the salary of the borrower and generally does not exceed two weeks income, so these loans will not cover large expenses. For short term, unexpected expenses, payday loans can provide an easy way to get cash fast.

Payday loans are not a panacea for financial woes, but can provide quick cash when unexpected expenses occur between pay checks. Prompt repayment keeps the cost affordable and helps smart borrowers meet financial emergencies with confidence.

How BetterLoanz.com works?

While BetterLoanz.com is not a lender, we work with some of the most reputable lenders in the country to help you get the cash you need fast. All of the services we provide are completely free for you to use, and you will have the opportunity to review each offer you receive before accepting or declining. Each lender has different loan and repayment terms, including the total amount of the loan, the APR and more. Some of the benefits associated with using BetterLoanz.com for your short term cash loan are given in the bullet list.

  • Fast and easy online application
  • Unsecured or secured loans – even with bad credit
  • Cash loans for consumers with bad credit
  • Fast approval within minutes
  • Money is deposited into your checking account within 24 hours
  • Get money when you need it most

Scam alert

If you have received a telephone call or message from someone who claims to be BetterLoanz.com and who is trying to collect a cash loan, please be aware that this is a scam. The callers will not have any caller ID information and will likely claim to be representatives of our company; this is an illegal practice. They may call you numerous times and even threaten legal action or criminal charges if you do not repay a loan. However, you should remember that these callers are thieves and that you can always report such activity. Click here to learn more.
Bernice G. Owens

With companies like BetterLoanz.com, there is no reason why anyone should suffer when they don’t have the money to make ends meet. It is so fast and easy to get a loan!

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Implications of Late Payment

In the event that a borrower is unable to make his or her loan payment by the agreed-upon repayment date, there are several courses of action that lenders may take. The lender’s website will provide this information, so borrowers should be sure to review it before providing an e-signature on any loan contract.

Implications of Non-Payment. Borrowers who fail to repay their loans at all may face the following implications:

Financial - For every $100 borrowed, you can expect additional charges of $15 to $40 when loans are not paid. Keep in mind that for loans of more than $500, these charges can climb even higher. In most cases, interest continues to accumulate on the unpaid balance at the APR noted in your agreement. Lenders may also charge additional fees for non-sufficient funds. As an example, a $20 returned check or NSF fee as well as an additional charge of 10% of the principle balance is considered average.

Debt Collection - All of the lenders and debt collectors in our network have agreed to adhere to the regulations set forth by the Fair Debt Collection Practices Act which can be found at the FDCPA’s website located at http://www.ftc.gov/os/statutes/fdcpa/
fdcpact.shtm
. You may also contact your lender directly. Some of the methods commonly used by these lenders in an effort to collect debts include contacting borrowers by telephone, email and even postal mail.

Credit Score - Borrowers who fail to repay their debts will likely be reported to one or more of the major consumer credit reporting bureaus. This lowers the credit score and will remain on record until the loan amount has been paid in full. This may prevent borrowers from being able to procure additional short term loans in the future, as well.

Loan Renewal - Some lenders allow automatic loan renewal if the loan amount is not repaid on the agreed-upon due date. This can be very helpful as it can reduce the charges for the borrower. The minimum term length is 15 days, and any time a loan is renewed — whether automatically or via authorization — there may be additional fees and interest associated with the loan.

Disclosure of fees including the APR

A loan’s APR, or Annual Percentage Rate, is the amount of interest that would be charged on the borrowed amount over the course of a year. The APR for most short-term cash loans is between 260.71% and 1825%, but since these loans are designed to be repaid quickly, the overall cost is competitive with other types of consumer credit. In fact, these charges are less than overdraft fees or the charges associated with credit card loans in most cases. Examples of APRs

The operators of this website are not agents, brokers or representatives of any lender. They do not endorse, recommend or charge for the use of any service or product listed on this website. The operators do not make credit decisions nor offer short term loans on behalf of participating lenders, nor does this website constitute an offer or solicitation to lend. Submitting your information to this website is no guarantee that you will be approved for a short term loan from a participating lender. If you have any questions regarding your short term loan or application you should contact your lender directly.

The loan matching service offered by this website connects customers with prospective lenders enrolled in our network of lenders. This site will submit your information to participating lenders, which may offer loans of up to $1000 dependent on the financial laws, regulations and limitations of each state. Please note that not all lenders can or will offer a loan of up to $1000.

Loan payment times may vary from lender to lender. Some lenders may require additional information be provided by fax. Some lenders will not perform credit checks with Trans Union, Equifax or Experian, though credit or other background checks may be obtained from alternate providers. The operators of this website have no involvement with credit reports or background checks of customers.

The contents of this website do not constitute an offer or solicitation to lend in Georgia, or New York. This service is void where prohibited. The states serviced by this website may change without notice.

APR Comparison Table

How does the APR for a single payment small dollar loan compare to other options? Compare your options for the cost of $100 extension of credit for
14 Days
Product Type (single repayment) Charge APR
NSF + Bounced Check $45.00 1,173.21%
Overdraft Fee $30.00 782.14%
Late Fee $20.00 521.43%
Small Dollar Loan $10.00 260.71%
How does the APR of a small dollar loan compare to the consequences of being unable to obtain a small dollar loan? Consider the cost of a $100 extension of credit for
2 Days
Product Type (single repayment) Charge APR
NSF + Bounced Check $45.00 8,212.50%
Overdraft Fee $30.00 5,475.00%
Late Fee $20.00 3,650.00%

APR Calculations

$100.00 Amount Financed, $120.00 Repaid 2 days after the borrowing

Interest earned on last day but not the first, so 2 days earning: Per Diem uncompounded Interest = 3,650.00% per 365 day year = APR

$100.00 Amount Financed, $130.00 Repaid 2 days after the borrowing

Interest earned on last day but not the first, so 2 days earning: Per Diem uncompounded Interest = 5,475.00% per 365 day year = APR

$100.00 Amount Financed, $145.00 Repaid 2 days after the borrowing

Interest earned on last day but not the first, so 2 days earning: Per Diem uncompounded Interest = 8,212.50% per 365 day year = APR

$100.00 Amount Financed, $110.00 Repaid 7 days after the borrowing

Interest earned on last day but not the first, so 7 days earning: Per Diem uncompounded Interest = 521.43% per 365 day year = APR

$100.00 Amount Financed, $110.00 Repaid 14 days after the borrowing

Interest earned on last day but not the first, so 14 days earning: Per Diem uncompounded Interest = 260.71% per 365 day year = APR

$100.00 Amount Financed, $120.00 Repaid 7 days after the borrowing

Interest earned on last day but not the first, so 7 days earning: Per Diem uncompounded Interest = 1,042.86% per 365 day year = APR

$100.00 Amount Financed, $120.00 Repaid 14 days after the borrowing

Interest earned on last day but not the first, so 14 days earning: Per Diem uncompounded Interest = 521.43% per 365 day year = APR

$100.00 Amount Financed, $130.00 Repaid 7 days after the borrowing

Interest earned on last day but not the first, so 7 days earning: Per Diem uncompounded Interest = 1,564.29% per 365 day year = APR

$100.00 Amount Financed, $130.00 Repaid 14 days after the borrowing

Interest earned on last day but not the first, so 14 days earning: Per Diem uncompounded Interest = 782.14% per 365 day year = APR

$100.00 Amount Financed, $135.00 Repaid 7 days after the borrowing

Interest earned on last day but not the first, so 7 days earning: Per Diem uncompounded Interest = 1,825.00% per 365 day year = APR

$100.00 Amount Financed, $135.00 Repaid 14 days after the borrowing

Interest earned on last day but not the first, so 14 days earning: Per Diem uncompounded Interest = 912.50% per 365 day year = APR

$100.00 Amount Financed, $145.00 Repaid 14 days after the borrowing

Interest earned on last day but not the first, so 14 days earning: Per Diem uncompounded Interest = 1,173.21% per 365 day year = APR

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