How to obtain a pay day loan from a legitimate online site

Especially today, most people are struggling to make ends meet.  Most people have experienced a small or large financial crisis at one time or another.  Many people consider a pay day loan.  These can be obtained from a physical site or branch or online.  There are many sites, of which many are not legitimate or many that connect you to a lender, but aren’t a lender themselves. Many of the websites can refer you up to 10 other companies that are only qualified to link you to other referral agencies and not a lending company. This is risky, as you are giving personal identification over the internet. If you are seeking a payday loan, it is safer to go through a lender directly. Finding a legitimate online lender can be difficult if you are not aware of where to seek a pay day loan.  In addition, if you are seeking a payday loan, it is important to understand the fees.

First, identify if a payday loan is right for you. Regardless of any discounts on fees, payday loans can be expensive. If possible, do not borrow at all. Next, would be to borrow from family or friends. If you are able, borrow from a financial institution, as the interest rates will be more reasonable. The last option should be a payday loan.

If you choose to take a payday loan, you must be aware of all the implications of the contract. It will state all fees and interest rates that apply.  In addition, it will outline your repayment plan. This is important to note, as it is usually based on your paycheck system.  Make sure your payments are on time. If you can, pay off payday loan early to save on interest. The fees can be quite outrageous if you take a large loan or if you fail to pay on time. You can also pay a little more than installment payment to help pay off loan quicker. Make sure you understand all the information before you sign, whether physically, electronically or verbally.

If you go online, read the fine print. Many sites are only referral sites and not actual lenders. This is very important, as they ask you for all your personal information and are not even able to offer you any financial assistance themselves. Check the fine print. Also, do not take ANY loan where you have to pay first or place a deposit. These are all scams and have been noted by BBB.  One example is 200cash.com.  If you choose a physical site, many are chains, which may offer a better sense of security to the lender. Such places are PLS, Check n Go, Check into Money, Cash Store, etc. You actually will receive a check or cash on the spot versus having an automatic deposit into your checking account.

There are many physical locations that offer 50% off fees for first time clients or no interest for first payment. There area also some legitimate pay day lenders on the web that offer discounts such as 50% fees for first time customers. One such site is http://mycashnow.com/index.php. They are currently offering 50% reduction in fees, down to .31 per hundred dollars lent.  This is a great savings compared to other payday loans.

If you want a legitimate online payday loan, that is legitimate, go to http://mycashnow.com/index.php use referral code CTPKNC. (It may allow for other discounts). If you go to a physical location, many have specials are not posted, so make sure to ask. Also, you can earn money by making referrals to the loan company.  This may help you pay down your loan quicker or even allow you to earn cash.  Lastly, check your phone book, as some companies will list a coupon you can use towards your loan.