High Rate of Approval on Payday Loan Applications
A little extra money to meet your urgent expenditures is possible with Best Payday Loans. These advances can support you in filling the financial gap between any two consecutive payday checks. You can take a small loan from our moneylenders and make quick payments on expenses such as utility bills, bounced check bills, auto repairs, and family expenses. As an online brokering company, we are continually engaged in building a closer relationship between customers and money lenders and help them obtain best payday loans.
Getting a simple, small loan from $100 to $1000 is quite possible with our network of lenders. Our lenders will help you every step of the way with the loan process. They will also match you to the best possible Annual Percentage Rate (APR) which differs between lenders and from state to state. Keeping in view our customer’s urgent requirements, we do try to minimize the formal procedures. We strive to get you an easy payday loan without any delay and match the best lender for your needs.
To accomplish it, we have enabled three simple, consecutive steps that will support you with urgent advances needed-
3 – Simple Steps to Make Easy Payday Loans Available
- Fill out an online application form for payday loans on our website.
- Receive an approval and confirmation of the loan within MINUTES
- Receive Cash deposits into your checking account next business day
Along with the payday loans online application you would be required to submit three important documents indicated by the lender upon approval of the loan. This is required in order to e-sign the agreement between you and the lender matched for you. This could include but not be limited to following documents:
- Age proof
- Income proof
- Residence proof
Payday loans guidelines make it possible to issue payday advance to residents of USA above 18 years, and who have monthly income up and above $750.
We do suggest our customers to furnish the right information during the application process for proper verification with authentic sources. Any incorrect information about the personal details on the application can result in rejection of your loan application for online payday loans.
All information required along with the terms and conditions of the contract will be provided by the lender upon approval on the loan. Our cash lenders are trusted lending financial institutions and all of your personal information is handled in a safe and secure manner.
Why wait? Fill out the online form/application provided on our site in total confidence and upon approval you be contacted directly by the matched lender with the details of the loan agreement.
Representative APR Range
Iamdetail is not a lender and does not provide payday loans but refers consumers to lenders who may provide such loans. Iamdetail is unable to supply you with an exact APR (Annual Percentage Rate) that you will be charged if you are approved for a loan. APRs vary according to the information supplied by you in your loan request and your lender. You will be given the APR, loan fees, and other terms by your lender when you are redirected to your loan agreement in the loan request process.
The APR on payday loans can range from 176% to 2,100% depending on how the APR is calculated (nominal vs. effective), the duration of the loan, loan fees incurred, late payment fees, non-payment fees, loan renewal actions, and other factors. Keep in mind that the APR range is not your finance charge and your finance charge will be disclosed later on.
See the following example of the APR calculation:
Borrow $200 for 14 days with a $30 to $60 lender fee. Your estimated APR is 391.07% to 782.14%
Calculation: (lender fee / loan amount) x (amount of days in a year / duration of the loan) x 100
Low End of Range: ($30 / $200) * (365 days / 14 days) x 100 = 391.07%
High End of Range: ($60 / $200) * (365 days / 14 days) x 100 = 782.14%%
Implications of Late Payment
Contact your lender as soon as possible if you are unable to repay your loan on the scheduled repayment date. Your lender will set its own late payment fees in accordance with state regulations. There are several courses of action available to them if your payment is late. For more information about your lender’s late payment procedures please review your loan agreement or contact your lender directly.
Implications of Non-Payment Financial Implications
Your lender may also charge you late fees for non-payment as well as fees for non-sufficient funds. As an example, your lender may charge you a $20 nonsufficient funds fee as well as 15% of the loan balance as a late fee. Please review your loan agreement carefully for information about the financial implications of non-payment before you provide your electronic signature.
Iamdetail is not a Lender, and is not involved in debt collection. If you are late or miss a payment on your loan, it is important to contact your Lender immediately. If a payment is missed and you do not speak with your Lender, it is possible your loan will be subject to collection. It is important you understand these terms and conditions, or discuss the process with your Lender directly. Collections practices of Lenders and/or any assignee(s) will be in accordance with the regulations of any applicable local, state, or federal regulations.
Some of the lenders in our network may automatically renew your emergency loans if they become past due. You should check your loan agreement for your lender’s policy on automatic loan renewal. If your loan is renewed, there will be additional charges as determined by your lender and the minimum term will be 15 days. Your lender may offer you other options in addition to renewal, including the ability to repay your loan in full at a later date or repay your loan over time in a series of installments.
IMPACT ON CREDIT SCORES –
Iamdetail does not make credit decisions nor does it ever conduct credit inquiries on potential borrowers. Some members of our lenders network may choose to conduct a credit check in order to determine your eligibility to qualify for a loan.
Payday loan activity generally does not show up on the credit reports you get from the three major national credit reporting agencies (Equifax, Experian, and Trans Union). However there are specialty credit reporting agencies that collect some of your payday loan history. It is possible that lenders may access this information when considering you for future loans.
In addition, if you don’t pay your loan back and your lender sells your payday loan debt to a debt collector, it is possible the debt collector would report this debt to one of the major national credit bureaus. Debts in collection could impact your credit score.