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LOS ANGELES – December 23, 2021 – (Newswire.com)
iQuanti: Direct lenders offer online cash advances that can get you fast financing. Working with a direct lender means that you only have to use one company to secure the loan, and you can enjoy a fast application process, instant approval, and lenient credit score requirements. Let’s dive deeper into the way online cash advances from direct lenders work and the pros and cons.
What is a direct cash advance lender?
A direct cash advance lender is a lender who is in charge of the loan application, funding, and repayment processes. Your information will not be provided to multiple lenders for review – you will be dealing directly with the lender. Direct lenders usually offer easy applications and instant approval decisions. If you get approval for a cash advance from a direct lender, you may be able to receive the funds in your bank account the same day you apply.
How Online Cash Advances From Direct Lenders Work
Cash advances can quickly give you cash to cover your expenses before your next payday. You can apply for a cash advance online directly from the lender’s website or in person, if they have stores. After you receive the funds, you will pay off the loan in two to four weeks, depending on when you receive your next paycheck.
Pros and Cons of Getting Cash Advances Online from Direct Lenders
The two main advantages of getting cash advances online from direct lenders are that you can get cash right away and you don’t need a good credit rating to get approved. Many direct cash advance lenders will consider factors in addition to your credit score, such as your income, work history, and current debt. This means that borrowers with poor or fair credit can still be approved. Direct lender cash advances also come with simple online applications that you can complete from the comfort of your own home.
One of the downsides of cash advances is that they can come with high interest rates. You will have to pay more interest and fees if you cannot pay off this loan on time. Keep this in mind when making a claim and make sure you have a repayment plan in place.
How to request a cash advance from a direct lender
Applying for a cash advance online from a direct lender is simple. Go to the lender’s website and complete the loan application. They will ask you for information such as your name, address, contact details, employer’s name, as well as your route and account number.
Before submitting a loan application, make sure you have read and understood the loan terms. Then submit the request and wait for approval. You can get a decision within minutes.
The bottom line
Online cash advances from direct lenders are quick and easy to approve. You don’t need a good credit score, you can complete the application from the comfort of your own home and you could be approved instantly. In many cases, the funds can be in your bank account the same day or the next day.
Notice: The information provided in this article is for informational purposes only. Consult your financial advisor about your financial situation.
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