0
Are there any lenders who give payday loans and have been in business more than 25 years?
Wiki User
∙ 12y ago
Pay day Loan lenders are very picky. They relativly will not give you a loan unless you make about 1,000 a week and are able to make the payment back within 26 business days.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
When was Lenders Loans founded?
Lenders Loans was founded over 25 years ago. The exact date is unknown though the name 'Lenders Loans' has been copyrighted for 9 years from 2001 to 2010.
Has the increased rise in bad credit in the United States in the past five years decreased the number of home loans lenders have provided?
No it hasn't. Instead the lenders are issuing bad loans and putting the new home owners in a tough situation. It's bad business for all involved.
What is the statute of limitations for unpaid internet payday loans in the state of Ohio?
Payday loans are based on a written agreement or promissary note. In Ohio the statute of limitations is fifteen years.
Can i do a payday loan debt consolidation?
You can. There are companies on the internet that claim to do just that. Make sure you check them out first. Check with the Better Business Bureau and see what they have to say about them. Some of these payday loan consolidation companies have been accused of not paying the payday lenders you owe. Some payday lenders will still try to collect from you even if you do go with a consolidation company, so that really doesn't solve your problems either. One thing you should do is close your bank account and stop them from debiting your account. Check out your state laws. Some states have made payday lending illegal, so your loans may not even be enforceable. Your attorney generals office or financial regulator could give you more information on this. Worst case scenario would be that your state allows payday loans, and the lender could file a civil suit for default. OK to elaborate on the answer above you can resolve these accounts if you are in default by speaking to the resolution departments of the payday lenders you owe, but not all of them will resolve them or are willing to help out. If your lenders aren't willing to work with you then you should look to a company that has a few years of success and a perfect track record in dealing with these firms. To hire a professional payday loan consolidation firm you need to only look at companies who do not hold money and pay the lenders starting with your first payment. As for closing your account with your bank most banks nowadays are willing to put a block on the lenders who have access to your account thus negating the need to close the account. Check with your branch manager for their guidelines. David
What are the main factors that lenders consider when approving a payday loan?
Payday lenders typically consider several factors when approving a payday loan. While the specific criteria may vary among lenders, the following are common factors that lenders often take into account: **Income:** A borrower's income is a crucial factor in payday loan approval. Lenders want to ensure that the borrower has a steady source of income to repay the loan, including fees and interest. Proof of income, such as recent pay stubs or bank statements, is often required. **Employment Status:** Lenders may assess the borrower's employment status, including whether they are employed, the length of employment, and the stability of their job. Having a stable job is often considered a positive factor. **Ability to Repay:** Lenders evaluate the borrower's ability to repay the loan. This involves assessing the borrower's income against their monthly expenses to ensure they can cover the loan repayment without causing financial strain. **Bank Account:** Having an active and valid checking account is a common requirement. This allows the lender to deposit the loan funds and automatically withdraw the repayment amount on the due date. **Identity Verification:** Lenders typically require proof of identity, such as a government-issued ID, to verify the borrower's identity and prevent fraud. **Credit History (Varies):** While payday lenders often do not perform traditional credit checks, some may conduct a soft credit check or use alternative credit reporting methods to assess the borrower's creditworthiness. Having poor credit may not necessarily disqualify a borrower. **Outstanding Payday Loans (Varies):** Some lenders may check whether the borrower currently has outstanding payday loans with other lenders. Having multiple outstanding payday loans could impact approval. **Residency:** Lenders may require proof of residency to ensure that the borrower is a resident of the area where the payday loan is being offered. **Age:** Borrowers must meet a minimum age requirement, often 18 years old, to be eligible for a payday loan. **Debt-to-Income Ratio:** Lenders may consider the borrower's debt-to-income ratio, which is the ratio of their monthly debt payments to their income. This helps assess the borrower's overall financial health. It's important for borrowers to provide accurate and complete information during the application process. Additionally, understanding the terms and costs associated with payday loans and considering alternative options is crucial before deciding to take out a payday loan. Why Use GreenDayOnline Loans Get emergency cash to help you quickly No hard credit checks Get an approval decision fast $100 to $5,000 can be used for any purpose Safe Secure and 100% online Call Us On: (800) 424-2789 greendayonline dot com
What are the requirements of same day payday loans?
The requirements of same day payday loans are , you must be at least eighteen years of age and have a job. You also need a bank account. If the loan is approved, it can be in your bank account that same day.
Payday Loans UK Direct Lenders: Genuine Antidote to Remove Life’s Hurdles?
Do you need a loan that helps you to cover up whole emergency payments between two consecutive paydays? Payday loans are there and they offer you an easy way to acquire small amounts of money till your next payday. Further, if you need payday help without a broker, payday loans UK direct lenders are the most sought-after alternatives and it makes you an ideal solution for all those folks who suddenly face unexpected outlays. To create the procedure as fast as probable you can accomplish your payday loan online application form without paperwork. The flexible payback tenure lets you request the amount of cash you have to see through your two payday circle. On the other hand, you can choose a more extending reimbursement period even though it suits your financial situation. Persons who make use of this loan effectively understand they are only a short-term loan paid back in the fixed time. If you wish for availing some extra funds for long-term needs, then payday loans from UK direct lenders will not be good options and you will not be allowed to resolve long types of fiscal traumas. As a result, you should always read as much as you can concerned about reimbursements and what will be happened if you are failing to do the repayment of cash on time. Lenders who deal out these loans attempt to find you the competitive offers and interests. Payday lenders provide full transparency regarding their monetary service; supporting to guarantee they answer your queries or regards. Applying process is very smooth and comfortable from your home or office. This has been very fast online to apply for direct payday loan lenders available across the UK. Lenders in the industry require you to complete a simple online application form using your authentic details like your name, address, bank account, email id, age, contact number, amounts et cetera. If the loan is approved, it will take you a few minutes to be sanctioned into your account. Payday loan means to prove a great monetary relief for the salaried people over eighteen years of their age living in the United Kingdom. It offers small amounts ranging from £100 to £2,500 along with the payback period of 30 days, or over 12 months on the agreements of monthly installments with the lender. This 12 month loans direct lenders you can use for many reasons including an unexpected vet bill, vehicle or home repair, and buy household appliances, and so on. poundpayday.co.uk
What services does Payday UK offer borrows?
Payday UK offers loans to adults eighteen years of age or older. They can also help rebuild credit. They claim to provide a quick and easy way to get cash.
What is the statute of linitations for unpaid payday loans in the state of Texas?
In Texas, the statute of limitations for collecting unpaid payday loans is four years. This means that a creditor has up to four years from the date the debt became due to legally pursue repayment through the court system. After the statute of limitations has passed, creditors may not be able to sue for repayment.
What are Intermediate term goals?
These loans are usually for fewer than 3 years before they come due. During the life of the loan, business owners pay back their bank or lenders in monthly installments. Some intermediate-term loans have balloon payments at the end of a set period of time, meaning that business owners must pay the remainder of the loan's value in a large lump sum.
Who can utilize business car loans?
Anyone who works for a company is capable of applying for a business car loans. A company must have been established for at least two years to utilize a business car loan.
Where to Go For The Best Business Auto Loans?
In order for a business to grow, it needs to gain access to the capital that it needs in order to support its growing infrastructure. In many cases, one of the most important investments that a business can make is in its transportation. This is especially true of businesses that regularly deliver goods to customers. Any business that needs transportation can benefit from business auto loans, however. To find the best rate on business auto loans, today you will often have more success working with online lenders than you will by visiting your local bank. This is because many of these online lenders will specialize specifically in this type of loan. Even those that do not will have reduced operating costs because they do not need to pay for a full time bank teller staff and other related expenses. Never take out an auto loan for more than two years. If the loan has a term longer than two years, it is likely that your business will end up owing more on the vehicle than it is worth it to sell. This reduces your liquidity and flexibility as a business.
