What Is Cash Advance Direct Lender?
Apparently, a cash advance direct lender is a direct lender that offers cash advance. To gain a better understanding of the term, USBadCreditLoans will explain what "cash advance" and "direct lender" mean respectively. The majority of cash advances are small-scale, short-term loans taken to meet some urgent expense. Direct lenders are the most convenient source of a cash advance because it doesn't involve a third party and you get your hands on the money as quickly as within one day.
What Are the Main Types of Loans That Cash Advance Direct Lenders Offer?
A cash advance is one of the most popular types of short-term loans from banks or direct lenders. Following are some major types of Cash Advance loans:
Credit Card Cash Advances
With this type of cash advance, you can borrow from a credit card or a check. Though easy and fast to obtain, credit card cash advance features a high-interest rate. The average APR is 24%, which is almost 9% higher than the purchase APR.
Merchant Cash Advances
This loan applies to companies or merchants who have a lower credit score. The borrower repays the loan with future credit card receipts or business funds from an online account.
Payday Loans
Payday loan and cash advance are interchangeably used. Borrowers typically can receive the fund in as fast as 1 business day. Payday loans feature a high-interest rate ( exceeding 300% ) and payday repayment. The lender decides the borrower’s eligibility and loan amount based on local state regulations and the size of the borrower's paycheck.
Where Can You Find Reliable Direct Lenders That Offer Cash Advance?
Though you can find a suitable direct lender offline, nowadays it's much easier to find a Cash Advance Direct Lender by going online. A large number of direct lenders are offering payday loans online and they are more convenient sources for someone who is in urgent need of cash but doesn’t want to go through the long and tedious documentation and verification process.
Why Is a Loan Broker Better Than a Direct Lender?
Different people may have different opinions about it and it is entirely a matter of personal choice whether a person in need of urgent money wants to search for the right direct lender himself. One can find a direct lender by searching online and get a payday loan all by himself. But you may spend a lot of time and effort but still be unable to find the right direct lender.
However, a loan broker can make this whole process much easier, quicker, and more convenient for you. A loan broker connects you to a pool of direct lenders and you may get your payday loan as quickly as within a few hours. A loan broker (like USBadCredits) saves you a lot of time and energy and effort, particularly so when you have a bad credit score. During an emergency, a broker helps the borrower to reach out to the right direct lender in much less time.
How Does US Bad Credit Loans Compare?
| Why US Bad Credit Loans? | ||
|---|---|---|
| Will bad credit be accepted? | Yes | Ideal for bad credit |
| What is the max loan amount? | $35000 | Zero hidden charges |
| What is the max loan term? | 36 months | Flexible repayment options |
| Can I repay the loans in installments? | Yes | Convenient repayments |
| Are there credit checks? | Yes | Soft search only |
| How can I apply? | Apply online | Instant application |
Get the Cash You Need With USBadCreditLoans
- Tired of applying and getting rejected due to a bad credit score?
- Need quick cash to pay a bill?
- Salary is still a couple of weeks away?
- Need a loan of US$50 to US$5,000?
If the answer to all the above is "Yes", USBadCrediLoans is the right place for you. We, as your loan broker, will connect you to direct lenders who will evaluate your application. If you meet the lender's criteria, you may be approved and funds will be directly deposited in your account even within 24 hours.
To get started, fill out the information form and submit it to our partner lenders.
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