The Best 30 Days Payday Loan Lenders Online? Do They Even Exist?

 There it comes to finance, credit, and the like, there are many scams online that prey upon the desperation of people that are in financial need. It’s crazy, to say the least, and a simple google search on topics such as payday loans yields some interesting results to say the least. If you were to take what everyone says on websites seriously, you would think that there are just millions of dollars laying around ready to be loaned to anyone and everyone that breathes.

Not so fast.

Hopefully, you’re one of those people that likes to keep things “real”, aren’t you? Well, I am and that’s what I’m going to be talking about in this article – keeping things real when you’re deciding on the payday loan site that you’re going to use.

First, let’s get a few issues out of the way on the topic of these payday loan sites…

1) You have to have a job. 

There’s no way around this. Some will claim that you can get by being on disability, social security, or other income. That may be the case on some sites, but for the most part, you are going to have a steady reliable income to ensure that you can in fact pay the loan back. So these sites are trying to catch search engine traffic for phrases such as “30 Days payday loans no job required” and just out to get you. You’ve got to have a job.

2) You have to have adequate income for sizable payday loans. You’re not going to get a loan for $1500.00 if you only make $200.00 a week. Payday loans are short-term loans and they have to be paid back in short order. 

Usually,30 days is the absolute maximum time frame that you’ll have allowed to get it paid back and during the course of your loan, every week will be a payment due. It’s not like you’re going to get a loan and not have to make any payments until the loan balance is due in full. You’ll have to make payments along the way and usually weekly. The exception to this is if you get paid biweekly or on the 1st and 15th of the month. Most people don’t get paid monthly so that’s a very rare exception.

3) Interest rates are high. Look, there are differences in the rates that are charged by payday loan companies and there are some legit companies that will charge you a lower rate than others. Make no mistake, however, you’re going to pay a high-interest rate in comparison to a regular bank loan, and the longer that you wait around to pay your loan off, the more that you’ll pay in interest charges.

4) There are late fees. Those late fees can be PAINFUL! That’s something that you don’t see explained on many loan sites. You’ll get hit with a hefty late payment penalty if you’re just a day late as there are usually no grace periods. The alternative is to try to make arrangements before your due date so that you can just pay the interest on your loan, should your circumstances warrant that.

5) Most loans are small. That’s why so many people get caught up in having multiple payday loans outstanding at the time. If you can’t get $1500.00 from one lender and you’re needing to get that amount together quickly, it may be tempting to use more than one payday lender at the same time. Don’t do it. It’s a trap that can get you further behind than you know, quicker than you want to imagine, especially if you end up being late on a payment (or all). So be careful. If all you can qualify for is a small amount based on what you make each payday – don’t take it any further. You can’t get out of debt by getting into more debt, OK?

6) Some sites are not lenders at all. Some sites that advertise payday loans are going to try to get you signed up for sweepstakes or other information phishing offers. Only use sites that are recommended by a trusted source. While it’s about impossible to find a direct payday lender site anywhere on the world wide web, there are some good sites that can match you with a

 legitimate payday lender that can provide you with good service.

Don’t use payday loans unless you absolutely have to. It’s the equivalent of pawning your future paychecks and paying interest on them, nothing more. It’s risky on your credit rating because if you don’t pay them back, they will send your account to collections and you’ll have a negative mark on your credit history. 

This can also make getting/obtaining another payday loan in the future more difficult if you’re reported to a checks verification system. Most of the time when you take a payday loan, you have to have a checking account. The reason is that you have to write a “postdated” check that is the collateral for your loan. If you can’t make your payment, it’s the bounced check that gets reported to the checks verification company(s).

Be smart. There are legitimate payday loan companies that can help you out. When they come to light, they’ll be listed on this site on the right sidebar for reference and comparison. Thank you for reading and I hope that you have enjoyed this article.