Fast Cash Personal Loans - Quick Short Term Cash Loans
"When you need us the most, we'll be there."
At DirectCheck, we strive to work with our customers in a professional and confidential manor. With fast cash personal loans, our employees will work with you to personally ensure your needs are accomplished while providing you.
There are many reasons for needing extra cash. At DirectCheck we ensure a simple and easy process to receive fast cash personal loans needed to get you through until the next payday, provided they fall within state guidelines.
DirectCheck was established in 1994 to give people an alternative to their short term, financial needs by providing quick short term cash loans. DirectCheck is proactive in the “payday advance” industry working with State and National organizations to ensure that the well being of the customers is always taken into consideration.
DirectCheck works hard at educating the Legislative bodies on the importance of having quick short term cash loans as an alternative to help with the rising fees associated with personal banking.
Typical quick short term cash loans do not exceed 2 weeks or 30 days, so the annualized interest rate becomes irrelevant. Payday fees are a reasonable alternative compared to standard bank fees and ATM charges when similarly annualized. The Annual Percentage Rate for a $35.00 NSF fee along with a $25 merchant fee is 1,278%, regardless of the check amount that bounced. A $47 late fee and reconnect fee for a utility has a corresponding APR of 1,225%. The $1.50 fee charged at an ATM machine, not belonging to your bank, correlates to an APR of 526% regardless of how much you withdraw. Fast cash personal loans for $100 will typically have a fee of $15 with an APR of 391%. These fast cash personal loans help prevent the consumer from experiencing some of the credit damaging effects mentioned above.
Quick short term cash loans are provided by many different small loan companies. Loans secured by car titles or other personal property are not a payday loan. The term payday loans/advance has unfortunately taken the bad rap for all lending companies when people can’t pay and lose property. Again, payday loans are unsecured leaving the company more at risk than traditional lenders.
Should you have any questions or concerns regarding DirectCheck or the “payday advance” industry, please feel free to contact me via the contact information provided on this website.
Director of Operations