The lowest APR payday loans are funded by online direct lenders
Many payday loan customers falsely assume that the best payday loan companies are the ones in the nearest strip mall to their homes. In fact, online direct lenders guarantee that a payday loan customer will pay more money in interest and fees when they go to any payday loan company that has a physical office.
“Customers that want the lowest APR payday loans are looking in all the wrong places,” direct lender Tom E. said. “Payday loan companies that work on a corner store have to pay rent, insurance, electricity, and water. Their costs of doing business are higher than online loan companies so it’s only natural that their customers will pay more to make up the difference.”
According to direct lenders like Tom, the lowest APR payday loans are available online. Due to the low business costs that comes with working remotely, online payday loan customers enjoy bigger loans at a lower cost.
“I used to go to the nearest payday loan lender in my city,” Wes K, a manager at a retail store, said. “One day I decided to do a quick Google search to see what else was out there. 5 minutes later I was sick to my stomach because I realized how much I was overpaying with the company on the corner. I get the lowest APR payday loans now because I know better. Apply for a low APR payday loan online. Let the direct lenders fight over your business. That’s the only way you can guarantee you’ll get the cheapest loan possible.”
Third party loan matchmaking sites like Green Leaf Loan Group’s enable their payday loan customers to get the best deal possible by sending out an applicant’s application to multiple direct lenders at once. This process enables multiple direct lenders to review that person’s file. The lender that can offer the most money at the lowest cost is the direct lender chosen for that applicant. This process helps guarantee that borrowers get the lowest APR payday loans possible.
“People who walk into a payday loan store are essentially saying ‘I agree to your high rates’ when they walk in the door. The cost of doing business is high and there’s almost no competition. Borrowers should expect to pay more when they go that route,” Tom said.
Here are three ways you can ensure you’ll get the lowest APR payday loans:
1). Apply online.
The lowest APR payday loans are available online. If you want to pay less, don’t go to a store under any circumstances.
2). Use direct lenders.
Direct lenders aren’t banks or corporations. They’re people. Direct lenders are privately owned small companies and/or investors. They don’t follow the same rules that banks and other highly regulated companies are required to follow. Direct lenders don’t do credit checks, they don’t require faxing, and they believe the entire application process should take less than 5 minutes.
3). Use a third party direct lender match making site.
In order to get the absolute lowest APR payday loans you have to make the direct lenders fight for your business. A third party site enables exactly this. You can guarantee you’ll be offered the best loan at the best rate when you know your application has been seen by 100’s of direct lenders and only a few have been selected for you for your consideration.
“Don’t go into a bank or a corner store lender and pay the high fees like I did,” Wes said. “There are better options and they’re all available online. There’s no other way that you can apply for a loan with a small company in Oklahoma that offers great rates when you live in California. Green Leaf Loan Group’s websites help you get the best deal, so don’t miss out on this great service. Get the lowest APR payday loan by applying online.”