» Apply Online for Lending – We Do Not Check Credit
Most people eventually find themselves in a position of needing a helping hand financially. On occasion, unexpected bills present themselves — whether its storm damage, vehicle repairs or other temporary crisis. If only it had been delayed until after your next pay cheque it wouldn’t be an issue — unfortunately it will be a few days to a few weeks before you receive the funds necessary to address the problem.
An entire industry has been built around this dilemma. Online loans are guaranteed from many lenders, and we at PDLN are part of this group. Depending on the situation, this type of borrowing can be a perfect solution to a temporary problem, or a high-cost mistake. It all boils down to whether your situation is an emergency. If you need money and cannot lean on friends or family for help — getting an instant lending can be a great help.
If that describes your current situation, you are probably concerned over a few issues.
- You want to completely fulfill the transaction online, without having to visit a business in order to receive your money.
- There should be no check involved.
Regarding the first point, our process at PDLN is handled completely online. While we are not direct lenders, we will forward your application to a direct lender who will evaluate the merits of your loan completely online, without you having to visit a brick and mortar location. If we accept, we instantly wire funds to your bank account. You can have the funds you need within minutes.
Regarding payment history, we don’t even check for this particular kind of lending. Explaining this further, we have many types of products, such as logbook loans and mortgages. However, seeing you found this particular page through your searches — you’re most likely interested in our short term lending.
Our business model for this kind of borrowing builds the risk of no collateral lending into the interest rate. It makes this type of loan only attractive if you’re in an emergency situation. The cost is prohibitive to use it in any other case. The high fees are to be avoided in the future as you try to save up for a rainy day. In the meantime, however, you have a problem to solve and a short term lending solution could be the answer.
If you want a much cheaper loan and own a vehicle, you might be a candidate for logbook loans. With a logbook loan, you put collateral up such as a vehicle, lessening the risk a lender takes when offering a loan. This reduces the cost and gives you a much more reasonable APR interest rate.
If that is the type of deal you need, keep reading. Here are a few tips on how to find the best lender.
There are two types of entities you’re likely to run across if you’re searching for a good deal on short term borrowing. That includes lenders, and brokers. Following are a description of both.
- Direct lenders. These are the actual companies who offer payday loans to customers.
- Brokers. These are individuals who act as a middleman between lenders and customers.
If your gut instinct tells you that it is a better idea to deal directly with lenders, your gut is correct. There are a few things to beware of when dealing with brokers. Typically, they will either shop your contact information around to many lenders trying to find the best deal for themselves. They are interested in the largest commission — which will likely come from the most expensive option from a lender who charges the highest fees.
You can avoid that problem by working directly with a lender. Our financial experts can work with you to select a loan that is best for your situation. Apply today and get fast cash directly to your bank account.