Same Day Payday Loans: How To Avoid High Risk With a New Service From SameDayLender24.com?
Company is partnering with more direct lenders to offer safe loan options for borrowers with bad credit
CHICAGO, Nov. 13, 2013 /PRNewswire-iReach/ — SameDayLender24.com recently announced that it has enrolled more direct lenders that are willing to offer same day payday loans online and more flexible terms with easy and fast approval for people with bad credit. The move is in line with the growing trend among Americans who prefer personal loans over credit card purchases. To benefit from these new bad credit loans, borrowers can apply here.
“Because of stiff competition among lenders, lenders are putting their best foot forward to get borrowers,” Richard Ferris, a company spokesperson, said. Proof of this is that a direct lender today is even allowing people with bad credit to get same day payday loans in less than an hour.
The company said the entry of more lending agencies in its network means borrowers have more options to choose from, especially on same day payday loans. “They can select the best loan product based on the amount, the interest, payment period, and other conditions that they feel suit their situation,” Richard said.
With more Americans back at work today and enjoying economic stability for over a year now following the subprime crisis’ aftershocks, borrowers are flocking to take out quick loans in small and big amounts for various reasons. “However, many of them have defaulted during the crisis and can’t get loans from banks,” Richard stressed. “We anticipate that this market is going to get even bigger next year as more borrowers enjoy more flexible loan programs care of our partners.”
Aside from offering a wide selection of same day payday loans, lenders today are breaching the $1,000 mark to loan out. Just a couple of years ago, bad credit loans were limited where the amount ranged from $200 to $500 due to the borrowers’ high risk profile. But the company said it is seeing more lenders loosening up their stringent terms and pushing the ceiling up to attract borrowers.
“Lenders understand that bad credit score doesn’t necessarily reflect the borrowers’ ability to pay back loans over a thousand bucks today,” Richard adds.
Furthermore, Richard believes that more borrowers will turn to online loan processing as credit-matching sites like SameDayLender24.com offer the fastest, most convenient and reliable way to find the best same day payday loans and other loan products in the market immediately. “We are seeing ourselves as the gatekeeper in this loan niche.”
Generally, application only involves submitting one’s basic personal, work and bank details using a web-based form and clicking “submit.” As long as you have a steady income from a job or business, approval is fast and simple.
To know how to secure a loan even if you have bad credit, click here to start your free application.
Media Contact: Errol McBarol, SameDayLender24.com, +41288360183, email@example.com
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