PaydayNow Blog:

Why You Need Payday Loans Direct Lender

A direct payday loan refers to a loan that is offered by the lending firm directly to the borrower. This type of loan does not include brokers or intermediaries or people who ask you for information and thereafter they can link you up with a lender. The main goal of brokers is to find potential borrowers and then forward them potential lending companies or match borrowers with lenders. Privacy of your information is integral to any company and it is crucial that you look for payday loans direct lender who will give you loans after assessing your financial information. Financial experts recommend that you deal with the lender directly to avoid … Continue reading “Why You Need Payday Loans Direct Lender”

What Are Quick Payday Loans and How They Work

When you apply for quick payday loans from a reputable lender, your income will be checked plus your financial information. If your checking account is in good condition then the amount will be deposited to your account within 15 minutes or an hour. In some cases, when an electronic transfer is conducted, it could take 2 hours. However, the lender will require a signed check or permission to electronically withdraw cash from the borrower’s account when the payday loan is due. This type of loan is usually due by the next payday and it is essential that you choose wisely when taking out a payday loan. In situations where the … Continue reading “What Are Quick Payday Loans and How They Work”

Benefits of payday loans and application process

Payday loans are suitable for borrowers who are able to pay them back on time by their next payday. If the borrower is applying for payday loans online, he may even be approved within a few hours. Payday loans can be used for paying unexpected bills, travel expenses or buying something you urgently need. They are extremely fast to get and that makes them unique. Who can get a payday loan? People who are at least 18 years old, have a monthly salary and a checking account are eligible for payday loans. It doesn’t even matter if the customer has bad credit history. The market is highly competitive which means … Continue reading “Benefits of payday loans and application process”

What Is a Merchant Cash Advance

A merchant cash advance is financing for companies that permit patrons to utilize credit or debit cards as payment. Unlike typical funding that is usually on a set schedule such as weekly or monthly merchant cash advances are repaid daily based on a percentage of the businesses credit or debit card sales. The repayment percentage is determined by a factor rate that is then multiplied by whatever the amount of the merchant cash advance was. Whatever the applicable percentage is determined to be is then refunded to the financer to recover their money until the agreed-upon amount is repaid in full. How can the money from a Merchant Cash Advance … Continue reading “What Is a Merchant Cash Advance”

When a Merchant Cash Advance Makes Sense

No matter how big, small, or prosperous a business may be, there always comes a time when the business is in need of cash. The need doesn’t always arise in the startup phase it could occur years later during a renovation project. When or how it happens is irrelevant, it is the course of action chosen by the business owner to deal with the issues that matter most and in reality make or break the business. Merchant cash advances have been growing in popularity over the years as a short-term solution to business financing because they promise to provide easy access to funding for businesses in need. The decision for … Continue reading “When a Merchant Cash Advance Makes Sense”

Getting A Merchant Cash Advance Is Easy, But What About Repayment?

A merchant cash advance is an advance of funds on a business’s projected future credit and debit card sales that is either repaid by a fixed debit or by a percentage that is taken off the business’s daily or weekly sales. The popularity of merchant cash advances has soared in recent years due to the ever continuing tightening of lending criteria of traditional lenders. Although, there are times that a merchant cash advance is necessary, it’s important for a business owner to know when this is the case and when it isn’t. Regardless of the repayment method this type of business funding should only be used when there is a … Continue reading “Getting A Merchant Cash Advance Is Easy, But What About Repayment?”

Merchant Cash Advances vs. Business Loans

A merchant cash advance is a unique type of financing in which companies can borrow money from a lender and repay it by deducting a set percentage from their credit and debit card sales until the agreed-upon amount is completely repaid. Unlike merchant cash advances, that pretty much work the same way, despite the lender, business loans are structured differently. In fact, there are seven different types of business loans: 1. Term Loans – are loans in which businesses borrow a specific amount of money and repay it over an agreed upon period of time. Repayment terms usually vary depending on the lender, the purpose of the loan, and the … Continue reading “Merchant Cash Advances vs. Business Loans”

Merchant Cash Advances

Merchants with little to no credit often have difficulty obtaining financing through traditional lenders such as banks, credit unions, and credit cards. Fortunately, these merchants have another option: merchant cash advances. They are often the best alternative for a lot of businesses because they provide capital that wouldn’t otherwise be available through traditional funding sources. With merchant cash advances these businesses can get the financing they need in order to meet their needs and goals without it affecting their business. The most difficult decision for a business regarding merchant cash advances is choosing the right provider. The first step in choosing a provider is for the business to research all … Continue reading “Merchant Cash Advances”

Merchant Cash Advance Case Studies

Merchant Cash Advance for a New Business in A Pinch Arturo Calderon was in the process of having a new Yucatan Taco Stand restaurant built in Woodlands, Texas with $500,000 in funding from partners and $700,000 in funding from investments. The construction ran $80,000 over budget forcing Mr. Calderon to dip into the funds that had been set aside for his September 2011 opening. Although business had been good from day one, being forced to operate without the $80,000 that had been anticipated for opening costs was difficult. One month after opening Mr. Calderon applied for a cash advance from a lender that routinely worked with businesses that had a … Continue reading “Merchant Cash Advance Case Studies”

Merchant Cash Advances or Lack of It

Scam or Legitimate: Merchant cash advances have quickly attracted their share of both praise and criticism from industry observers who argue over whether the services ethical or not. One argument is that merchant cash advances are scams that prey on desperate business owners. The other argument is that they are low-risk funding options for business owners that don’t qualify for traditional bank loans. The answer lies in the eye of the beholder. Both arguments make valid points and to gain understanding as whether a merchant cash advance is a legitimate form of business financing it is important to be educated as to what a merchant cash advance is. Is a … Continue reading “Merchant Cash Advances or Lack of It”

Understanding Payday Loan Rights

Before acquiring payday loans, applicants must understand carefully the contract between them and the lender. Payday loan lenders will issue the applicants with the copy of the company’s policies, payday loan terms and conditions, cash advance terms and conditions, online payday loans, and others. Applicants should know exactly their rights before signing the contract. How To Look For A Trustworthy Company Offering Payday Loans Applying for a contract that people know nothing about can lead to a disaster. Thus, it important for applicants to research the backgrounds of the payday loan company before applying for their services. Pay day loans online should be professional. The company website should also provide … Continue reading “Understanding Payday Loan Rights”

Getting Online Payday Loans

Companies offering payday loans advertise almost anywhere. An individual can get the money he needs for emergencies or just to get through a single tough time. An individual should not use online payday loans to get through long-lasting harsh conditions, but to get him through a short-term condition. A payday loan offered by many different payday loan lenders may help someone get through a particular patch. Borrowers need to go through a process that may seem a little complicated, it is much less complicated than trying to get a mortgage. Many of the companies offering pay day loans online do not have individuals go through a credit check. A cash … Continue reading “Getting Online Payday Loans”

Discover the Convenience of Payday Loans

There are many times when people find that they need a cash advance in a hurry. This might be because of an emergency medical situation or perhaps your vehicle needs to be repaired. Whatever the circumstances, if you have bad credit, you might find yourself in a difficult financial situation. After all, traditional loans from a bank will generally require that you have good credit. Fortunately, payday loans are now widely available and they provide an excellent opportunity for just about anyone to get the fast cash that they need. A payday loan is quick and easy to apply for and you will generally get your cash deposited directly into … Continue reading “Discover the Convenience of Payday Loans”

Get a Cash Advance with Payday Loans

Many people have found themselves in a situation where their credit has been ruined. This could be from the loss of a job, unexpected medical emergencies or any number of other unfortunate circumstances. However, even when you have bad credit, there are times when you might find yourself in need of quick cash. There are many companies offering credit cards as a solution for people with bad credit, but many of these opportunities are a scam and can leave you in bigger financial trouble than when you started. Fortunately, payday loans offer a quick and reliable way to get the cash you need without having to worry about the latest … Continue reading “Get a Cash Advance with Payday Loans”

The Risks of Payday Loans: What To Watch For

Payday loans certainly offer their share of advantages. They are easy to get, convenient, and help you get the money you need when you need it. Regardless of what financial emergency you may find yourself dealing with, if you need money fast and are unable to get it elsewhere, you can rely on a payday loan center to get the money you need now. However, not all is good with the payday loans. There are some important negative aspects to recognize before going through with a cash advance loan, to ensure you are aware of the full story and make the right decision before going ahead with it. One of … Continue reading “The Risks of Payday Loans: What To Watch For”

Going Through With Payday Loans: How To Get Started

Going Through With Payday Loans: How To Get Started There are always times when you find yourself in a financial bind and are unsure how to get out of it. Even if you are quite well off and make a good living, you may have an emergency come up and simply not have the money you need put aside for it. No one can predict when they will find themselves in a financial mess, and at least if you ever do, you know you can rely on a payday loan center to get the money you need, when you need it. When you go through a bank or other financial … Continue reading “Going Through With Payday Loans: How To Get Started”

The Advantages of Payday Loans

We always hear about the negatives of payday loans, the type of problems they can create and the issues they cause, but there are actually some very important advantages they offer. Whether you make a decent living or have a tight budget, if you ever find yourself in a financial emergency, you can take advantage of payday loans and make the most of what these loans have to offer. One of the greatest advantages of the online payday loans is the ease and convenience they offer. When you need money fast, you do not have time to wait to go through a bank or other financial institution. Instead, you need … Continue reading “The Advantages of Payday Loans”