Payday Loans Online No Credit Check
Payday loans are hazardous to your financial health. Whether you visit a payday loan store or apply for payday loans online, you are setting yourself up for a potential long term financial trap. LoanNow provides all the advantages of payday loans online with none of the drawbacks associated with payday loans.
Direct Lenders versus Aggregators
In applying for payday loans online, borrowers are quickly encountered with the need to distinguish direct lenders from aggregators. Aggregators draw would-be borrowers to their sites with promises like “NO CREDIT CHECK” and “No one turned down!” Such claims are especially appealing to desperate applicants who have been turned down by banks or even other payday lenders. But online aggregators are not lenders. They merely distribute your financial and personal information to third parties that may or may not be payday lenders. Borrowers who submit their information to payday aggregator websites often find their email in-boxes flooded with unsolicited “offers” from payday companies they haven’t even heard of.
Repaying Payday Loans Online
Payday loans online from direct lenders also carry hazards for borrowers. Unlike payday loan stores, online payday lenders are often based out of state or even outside the country. This is problematic for two reasons. First, dealing with nonlocal lenders presents potential difficulties in resolving problems and challenges in the administration and repayment of the loan. Second, you may not be able to enlist local law enforcement offices, because they may lack jurisdiction over the lender.
You may also run into problems with ACH withdrawals for payday loan repayment. Unlike checks, for which you can order a stop payment, there is no easy procedure to unauthorize an ACH withdrawal from an account. Unscrupulous payday lenders have been known to make multiple attempts to complete ACH withdrawals, despite requests from borrowers not to do so. Banks have also been complicit, with some banks content to collect multiple NSF fees from borrowers.
LoanNow Is Different
The initial application process for LoanNow resembles the procedure for applying for payday loans online. We’re just as fast and convenient in processing applications and administering funds as payday lenders. . But unlike anonymous payday lenders with sketchy contact information, LoanNow is based in California, and makes its contact information readily available on the website. Customer service assistance is available by email and phone to assist with application – and with repayment. Why not see for yourself what a loan from LoanNow can do to improve YOUR financial bottom line!