There are many reasons why people put off applying for necessary loans. They may think that they would never qualify because of their bad credit score, or maybe they think the process would be too long and arduous to endure. Forget whatever reason is holding you back from getting an essential loan. When you need a small dollar for short-term goals (like that unexpected plumbing repair bill you got slapped with last week), they can be incredibly easy to secure. The money you need can be in your bank account in as little as one business day when you contact a state licensed direct online lender.
Why online? While there are plenty of lending companies offering loans from brick and mortar locations, they still require a meeting before they give you any money. You need to take time out of your day to speak with one of their representatives. When you have a busy schedule and you can’t afford to miss work meeting in-person can be down-right impossible. The Internet makes securing a loan easy, regardless of your schedule as you can apply online at anytime, anywhere. As long as you have access to a computer, are a US citizen over the age of 18 with a steady source of income, a veritable bank account, and an email address, you are ready to apply.
Most direct online lenders have a one-page application that’s easy to fill out. Once you submit your application, you’ll know instantly if you qualify. And since ‘direct’ is in their name, you won’t be receiving your loan from anyone but the lender you applied with. Direct online lenders are the sole organization facilitating their loans, so there will be no time spent wasted on bureaucratic red tape as they communicate with other institutions. Instead, your loan can be electronically transferred to your preferred bank account in one business day.
But before you accept any direct online lender’s offer, you should do considerable research to find the lender that will fit your current financial situation. It’s your responsibility to match your needs with a lender that can provide agreeable rates and terms. Keep your search to those lenders that are licensed by your state to provide loans. These loans should also be purposefully limited to an amount no greater than $1,000 in order to ensure repayment is feasible. As you complete your search, you’ll find that some direct online lenders will even offer flexible payback schedules. As one of the fastest growing online lenders in the country, MoneyKey has flexible options in Delaware, Texas, Illinois, Utah, and South Dakota. To discover what MoneyKey can do for you, be sure to explore their website.
Never let a low account balance or poor credit score keep you from getting the loan that you need. Contact a reputable, state licensed direct online lender for a small dollar loan, and you can quickly take care of all of your short-term goals, including that pesky plumbing repair!