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Direct lender payday loans can help during your next financial crunch

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Every day around the world, many people use payday loans from direct lenders to help them get to their next paycheck without missing any important bills. These types of loans, when used responsibly, are vitally important financial tools that can help people all over the world remain ahead of their most pressing financial obligations.

These types of loans should not be entered into lightly, however, as they are significant and serious financial agreements and should only be agreed upon after reading the entire contract. Direct payday loans allow you access to your next paycheck before you ever see it.

You should only consider a direct payday loan if you are positive that you will be able to pay it back in full once you receive your next paycheck.

When you decide to apply for direct payday loans, it is important to you understand you will also be required to pay back the fees that payday loan companies charge. The amount of fees that you will be required to pay will be on the contract that you sign and will also be told to you at the time that you apply for your loan. It is important that you understand the exact amount that you have to pay back so that there are no surprises when your loan is due.

Entering into a direct payday loan contract is a major financial decision that should only be made if you’re thinking clearly and if you understand how the loan works. You should also understand that direct payday loans are to be used for situations such as paying overdue bills and helping make ends meet at the end of the month and not for casual spending.

The Annual Percentage Rate (APR) for payday loans varies in each state and depends on the advance amount, fees, and terms of the transaction. The APR for a $100 single-payment payday loan may range from 260.71% to 782.14% on 14 day terms. As a member of CFSA, Check Into Cash abides by the spirit of the Fair Debt Collection Practices Act (FDCPA) as applicable to collect past due accounts. Delinquent accounts may be turned over to a third party collection agency which may adversely affect your credit score. Non-sufficient funds and late fees may apply. Automatic renewals are not available. Renewing a loan will result in additional finance charges and fees.