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Fees & Interest An unsecured bad credit loan does not require the security of collateral in the form of a house so the borrower has no risk when opting for this kind of loan. The risk factor for the lender is much higher. The interest rates for such loans are usually fixed which indicate that the monthly installment amount remains the same throughout the course of the loan repayment timeframe. Even though the amount offered in the loan is much lower, the interest rate is higher but can be cleared faster. In order to apply you must have a bank account, be at least 18 years of age, and have a source of income. The application process for payday loans online is much less involved than applying for traditional loans. The application can be completed in a matter of minutes and you will know within 3 minutes if you are approved.
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If you receive these calls, do not follow the caller’s instructions. Rather, you should: Payday Direct is a large company offering online payday loans and direct installment loans to consumers in 44 states. Payday Direct claims to have an online approval process that takes less than five minutes to complete. You must have an active checking account, be a US citizen thats at least 21 years old and have a monthly income of at least $1000 a month to be approved for a direct payday loan. Payday Direct is a longtime member of the Online Lending Alliance. They work with consumers in all states EXCEPT . Arizona, New York, Oregon, Pennsylvania, Virginia and West Virginia. 100 Day Loans Are you ready to apply for a no hassle short term loan?
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