Facts about Online Payday Loans

Learning as much as you can about online only payday loans will help you make better decisions as a borrower. Here are some must-know facts about payday loans.

Never Have to Fill Out a Single Sheet of Paper

Online only payday loans are an incredibly convenient way to get the money you need because, with most lenders, you will never have to fill out a single sheet of paper. In other words, you can get your loan paperlessly because the entire process is handled online. Our lenders of online only payday loans make this possible by offering simple, online applications and no-fax options with their loans. Faxless online only payday loans enable you to get the funds you need ASAP without ever having to handle a single piece of paper.

On the Due Date, You Have Several Options

Repayment options with online only payday loans will vary by lender, but most of our lenders are very flexible in their repayment requirements. For example, if you cannot pay the loan in full on the due date, many of our lenders allow you to pay just the finance charge and roll the loan over for more time. You will pay an additional fee for this service, but it allows you more time to repay the original loan. You can also pay the finance charge and part of the loan on the due date and extend the loan for more time.

Your Past Financial Mistakes Don't Preclude You from Qualifying

Everyone has made some mistakes with their finances in the past, but that doesn't mean that you can't qualify for online only payday loans. Many of our lenders have very relaxed qualification standards, so as long as you have a job and a bank account, you have a good chance of qualifying (varies by lender). Applicants from all financial backgrounds are encouraged to apply. Unlike traditional loans, online only payday loans do not require rigorous and time-consuming approval processes.

You Can Cover More than Minor Expenses

Online only payday loans can help you cover more than just minor expenses between paydays. Some of our lenders offer online only payday loans of up to $1,500, which is up to five times the maximum loans of competing lenders. If you qualify, you can get a loan that's large enough to cover even large emergency expenses before your next payday. The maximum loan offered will vary by lender, so make sure you ask about your lender's limit when you apply.