payday loans direct lenders
payday loans direct lenders

Payday Loans from Direct Lenders

  • Trusted Loan Providers
  • Online Application Process
  • Same-Day Approval Decision
  • Quick Loan Funding
  • No Prepayment Fees
Written by Latoria Williams | Reviewed by Michael Lefler

Direct payday lenders can provide the short-term cash you need to cover unexpected expenses. It is simple to apply for a payday loan in-store or online, receive a quick acceptance decision, and have money in your bank if you choose 1F Cash Advance. You can apply here for a direct lender payday loan, and we will connect you with trusted loan providers in your area.

What is a Payday Loan from a Direct Lender?

A payday loan from a direct lender is a financial tool you can get directly from a loan provider. It’s a situation when there are no third parties between you and your direct lender. Usually, you can borrow up to $1,000 from payday loans. Direct lenders are financial companies that lend you money (be it online or offline) with a specific interest rate and other additional fees.

How Do Online Payday Loans from Direct Lenders Work?

Online payday loans from direct lenders work simply if you follow these steps:

  • Provide the details. You fill in the online application form by providing the needed information about you and your income.

  • Submit the form. After you check the details, submit the request form.

  • Wait for the approval decision. It usually takes up to several minutes to one hour.

  • Sign the loan agreement. You receive a loan offer from your lender. If you agree, sign the loan contract after you read it attentively.

  • Receive your payday loan. After all the formalities, the loan provider will deposit your funds directly in your bank account within 24 hours or sooner.

  • Repay the debt. After 14 or 31 days, you repay the payday loan through an automatic payment.

Direct Lender vs. Non-Direct Financial Companies: Main Differences

Direct lenders are those entities that monitor and overgo the entire payday loan procedure from start to finish. They will monitor all the steps you must undergo through the borrowing process. Here is a short list of the main differences between direct and non-direct lenders:

Direct Lenders

A direct lender collects personal pieces of information, reviews your application form, makes a direct deposit of your funds, and processes the payments according to your loan agreement.

Credit Service Organizations

A credit service organization and credit access business takes the same actions as a direct lender, except it doesn’t fund your loan.

Lead Generators

A lead generation company just collects the personal information, and that’s it. Such companies send your loan application form to many direct lenders available online.

Why Use a Direct Lender?

Protects your information

Your personal information may reach a lot of scammers who want to steal your identity. Applying with a direct lender will protect your bank account details and other data that non-direct lenders could steal.

Clarity in Customer Care

It can be challenging to know who to contact for what if you apply on a site that isn’t a direct lender. All of your queries and loan requests are handled by a single organization when you use a direct lender.

Immediate Application Processing

Because you are dealing directly with the lender, you will generally obtain a faster financing decision because they are both analyzing your application information and making a decision.

Avoid spam financial services

When you apply for a payday loan online, you might be dealing with a lead generator. It’s a platform that gives all your information to other services that can send you spam letters with potential loan offers. Direct lenders won’t do that; instead, they will send you one personalized loan offer with strict terms and conditions.

What Are the Advantages of Payday Loans from Direct Lenders?

Payday loans from direct lenders have a lot of advantages that you can access once your loan request is approved. Here are several benefits you may consider at 1F Cash Advance:

It’s convenient

Because the 1F Cash Advance lending process does not involve third parties, you will receive a quick loan approval decision. The best thing is that you won’t have to deal with additional third-party companies or paperwork to get or repay your loan.

It’s secure

1F Cash Advance uses encrypted technology to protect your information and never shares it with third parties. On our online client application forms, we additionally need additional security measures such as multi-factor notification and ID identification.

It’s available

Our financial solutions are intended for borrowers of all credit histories. So, if you won’t be able to receive a loan due to your bad credit, there is a suitable solution. Our lenders make approval decisions based on variables other than your credit score, such as income and outstanding debts.

Apply online for a direct lender payday loan today

How to Apply for a Direct Lender Payday Loan?

To apply for a direct lender payday loan, you can apply here on this page by filling out the application form. You must choose the loan amount and the potential repayment term. Then, provide the financial details, such as your bank account and income information. When you fill in all the empty spaces, just press submit, and we will come back with the following steps to proceed with the application steps.

Why 1F Cash Advance

Since 2019, we have helped consumers get the best payday loans they need as soon as possible. 1F Cash Advance values their time, privacy, and satisfaction. We try to facilitate a loan application process and expedite access to funds for our customers’ convenience.

Fast Application Process

It takes only 5 minutes to fill out the loan request form on our platform.

Over 70 locations

Visit our in-store offices and apply with the manager’s guidance.

Quick Approval Decisions

Get an almost instant approval answer and receive your money today.

Practical Advice from Latoria Williams

  • Check the lender’s license before you apply.
  • Verify the lender’s physical address in your state.
  • Speak with a customer service agent.
  • Review all the loan offers and then choose one.

Latoria Williams

Written by: Latoria Williams

Updated: Nov 15, 2023