TRENDING: Digital Disbursements Plus P2P Lending Reinvent Payday

Totally satisfied with my experience so far. Borrowers say they could do the following — all of which are typically better options than a payday loan:. Long-term payday installment loans: Please consider this traditional financing offer to help meet your needs. Most borrowers who failed to pay had lost their jobs or had their hours reduced at work.

Post navigation

If you are the website administrator:

A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a small, short-term unsecured loan, "regardless of whether repayment of loans is linked to a borrower's payday.". Payday Loans (also referred to as Payday Advances, Cash Advances, Deferred Deposit Transactions/Loans) and high-interest loans should be used for short-term financial needs only and not as a long-term financial solution. At Specta, we ensure your loan gets into your account in 5 minutes. Apply for Personal loans, Wedding, Medical, Holiday, Project and Education Finances. Journey into the world of Specta. It only takes 5 minutes. Payday Loans Eliminate wait time. Visa Credit Card Get your Visa Credit Card.

If you are a member of the general public:

Your Loan Request

It can also help to pay for travel, hotel booking, gifts, or even a party for family and friends. Most people have a Plan B that needs a little boost. Education is a big expense and well worth the price, so it is important that you get the value while you can. Rent can be a very difficult bill to pay when money is tight and sometimes, the deadline can creep up on you.

Sometimes, we make enough money to afford rent but find that we cannot meet the high upfront cash requirement. Specta's Rent Finance helps you get the cash you need to ensure your bill is paid, giving you the ability to pay back at your own pace.

With our ever-growing needs and the tougher economy, we all know that our salaries might not sustain us until exactly a month later. Sometimes, you need to get your salary now to ensure you sort out that pending need. A Payday Loan is a salary-based short-term loan which you access to a percentage of your net monthly salary in advance. The duration of the loan is the difference between a Payday Loan and a Personal Loan.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

What is a direct payday loan? You can find details on state limits here. A payday lender will consider your income, expenses and payday lending history to determine how much you can reasonably be expected to pay back. To qualify for a payday loan you typically need an active bank account, an ID and proof of income such as a pay stub.

You must be at least To qualify for a payday loan you typically need an active bank account, ID and proof of income. You can be rejected for a payday loan, despite having income and a bank account, for several reasons, including:. Online payday lenders tend to charge higher rates and often claim exemption from state rate caps. Within a few months, borrowers can end up owing more in interest than the original loan amount.

Lenders will continue to try to withdraw money from your account, sometimes breaking amounts into smaller chunks to increase the chance the payment will go through. Each failed attempt can trigger bank fees against you. At the same time, payday lenders will start calling you and sending letters from their lawyers.

They may even call your personal references. A lender may try to negotiate a settlement with you for some part of the money owed. We are not a lender. We work with multiple lenders to attempt to connect you with a financial service to fund your loan. We do not perform credit checks, but lenders may perform a credit check or credit verification at their discretion. Apartment or Suite Number. How are you paid?

Direct Deposit Paper Check. How often are you paid? Do You Have a Checking Account? Yes No No bank account.