Granting the Best Wire Transfer Payday Loan to Our Clients Since 2016!
Wire transfer payday loans are short-term loans that are paid with your next paycheck. So, the maximum loan term is one month or 30 days. Payday loans are designed to offer fast cash to cover unexpected expenses, such as hospitalization or funeral expenses. Once the lender approves your application, you can get your money directly into your account in just a matter of minutes.
Can I Have a Wire Transfer Loan With Bad Credit?
DirectLoanTransfer has a wide pool of lenders that allow borrowers to get a quick wire transfer loan, even with bad credit. This vast network allows us to find the most suitable lender that suits your needs. In other words, DLT does the legwork, ensuring you have the success.
Can I Have a Wire Transfer Payday Loan With No Credit Check?
One of the advantages of wire transfer loans is that credit checks are not required. While banks and traditional finance companies perform hard credit checks that hurt your score and often lead to disapproval, a payday advance loan only requires proof of your income. Once that is established, you can receive your money in your bank account via direct deposit.
Can I Have a Wire Transfer Payday Loan When Unemployed?
You can get a wire transfer payday loan while unemployed. There are payday lenders in the DirectLoanTransfer network that offer cash advance loans even to those who are jobless. According to Experian, some loan companies use a person’s unemployment benefits as a proof of income. Other forms that are acceptable include disability income and social security benefits. Aside from presenting proof of your income streams, you can also show proof that you have a savings account or a job offer.
Can I Have a Wire Transfer Payday Loan With Instant Approval?
The beauty of these types of loans is the instant approval, especially through DLT. Most of our lenders offer payday loans online with same day deposits. Simply fill out our online loan application form with your personal details and submit it. You will receive a lender match and approval as quick as one hour.
Note that the process depends on several factors, such as the lender and loan amount. Additionally, returning customers can get faster approval.
Are Wire Transfer Payday Loans a Good Choice for Me?
Since a lot of payday lenders do not require a credit score check, it’s easy to avail this type of personal loan. But is it really for you or not? Check out the simple table we created for you:
|You have quick and easy access to cash||Payday advance loans can have an APR that goes up to 400%|
|Wire transfer loans do not require a credit history||Does not build your credit because they’re not reported to credit bureaus|
|It has fewer requirements than a traditional personal loan||Can trap you in a cycle of debt because of high-interest rates|
|Unlike car title loans, they don’t require a collateral||They have access to your bank account|
Why Should You Choose DLT?
|Easy Application||Flexible Terms||Quick Cash|
|Complete the online form, send documents, and sign the loan agreement. No guarantor necessary.||DLT helps you easily find a lender with the most competitive interest rate and repayment terms.||Once approved, the money will be deposited to their debit cards the same day.|
How Do Wire Transfer Payday Loans Work?
- Assess Your Financial Situation. Before you apply for direct deposit loans, determine how much you need. Payday loans generally range between $100 and $1,000, depending on the state you live in.
- Apply Online.
- Submit Documents.
- Wait for the Approval. Our loan providers work fast, so you can receive approval within an hour after applying.
- Get Your Cash. Once you sign the loan agreement, the loan amount will be deposited to your account the same business day.
Wire transfer payday loans are also called small dollar loans, unsecured loans, or cash advances. They allow people to borrow up to $1,000 or more, depending on the state you live in. The main purpose of a quick loan is usually to cover basic expenses like food, utilities, and rent, or emergencies like hospital bills or car repairs. Thus, same day transfer of funds is a common feature of this loan.
Just as the name suggests, you have to pay back the loan on your next payday, which determines the pay frequency. The usual loan repayment term is between two to four weeks.
We understand our customers need the money fast, so we process all loan applications ASAP. It takes just a few minutes to fill out our online form, then expect to receive approval as quickly as one hour. Once approved, the cash loan will be wired to your bank account within 24 hours.
According to the Consumer Financial Protection Bureau (CFPB), payday loan online borrowers only need the following documents in order to qualify:
- Valid government-issued ID
- Proof of income
- Proof of address
- Must be at least 18 years old
- Must be a legal US citizen
- Must have a regular source of income
- Must have an active checking account
- Must have an active phone number
While the requirements vary from lender to lender, these are a few common criteria to become eligible for a wire transfer loan.
DLT is a connection service that helps people find the best loan option for them. The required information allows us to learn more about you and match you to a lender best suited for your financial needs. We value your safety, so we maintain a secured site with a state-of-the-art encryption feature to protect your information.
Generally, you can get between $100 and $1,000 from a payday loans wire transfer. That’s because these are short-term loans that cover expenses temporarily. However, there are loan providers in our network that will consider lending borrowers up to $5,000 under special circumstances.
Banks perform credit checks to know the risks involved when they lend you money. They will access your financial history, including your payment habits as well as past and existing credit, to gain insight on how you handle credit and how much room you have for more loans.
Yes, you need a bank account because that’s where the loan financing company will wire the money and subtract the payment for the loan. Nonetheless, this does not mean you will be denied if you don’t have a bank account. Some lenders agree to a debit card and you can alternatively pay via electronic wire transfer or by check.
You will receive a text message or an email regarding your approval. No matter what channel is used, you will be notified within the day whether you’re approved or not.
To increase your approval chances, show proof that you have a regular and stable monthly income of at least $1,500 and use a secure or popular bank. Additionally, you shouldn’t have any existing loans—this makes you eligible to receive a bigger loan amount as well. Lastly, check your credit reports to understand what your current credit position is.
One of the biggest advantages of a wire transfer payday loan compared to a bank loan is you have access to fast cash even if you have bad credit. Aside from that, payday lenders do not perform a hard credit inquiry, so your chances of getting approved is higher than a bank loan.
There are many licensed payday lenders in most states, but if you want the best fully-verified and trustworthy lenders, let DLT help you. We do the legwork of finding the best loan providers near your area and ensure you receive loan approval within the same day.
Unlike a personal loan, a wire transfer payday loan does not incur any prepayment penalty. Thus, you can repay your loan any time before the due date with no additional fees.
The easiest and most convenient method of repayment is to give your lender access to withdraw funds from your bank account. This method also saves you the hassle of paying on time in case you forgot your due date. Aside from this, you can opt to pay by check or electronic money transfer.