Payday loan direct lenders are plentiful, even though most payday companies are brokers that pass your information through to a group of payday companies. The companies that work with clients with your credentials accept you and they broker the deal. A few are direct lenders and from the first communication through to the actual loan you are dealing with the lending company.
Plain Green, LLC is a direct lender. The company is owned by the Chippewa Cree Tribe from the Rocky Boy’s Indian Reservation in Montana. The company operates from the reservation and loans from $250 to $1000 at one time. Upon approval, loans are deposited into your account the next day. The actual loan is slightly different than your average payday loan because you have longer to repay. The annual rate of interest is 359. 01%. The borrower makes monthly payments but instead of having to pay within a certain number of pay days, you elect when you would like to pay the loan off and make affordable payments. An example is a $600 loan paid back over a year. The borrower makes $105 payments each month.
Four Seasons Cash is another direct lender. This company is owned by a Native American business that is a Tribal member of the Cheyenne River Sioux Tribe. The annual percentage rate for a loan from Four Seasons in 518.29%. Loans range from $100 to $1500 and are normally 2 week loans. If you need more time to pay back the loan, you can opt to pay for an extension: $50 for loans less than $600 and $100 for loans over $600. You can apply by phone or online. Once approved your loan is deposited into your account on the next business day. Payments are made by electronic transfer only.
Payday Loan Union is yet another direct lender. You can borrow up to $1500 at one time and in order to qualify for a loan, your employer must deposit you pay into your bank account. The company deducts your payments directly from your bank account also. Your application must be submitted online. The loans must be repaid in two weeks or 14 days. They do not publish their rates, you have to apply for a loan to get the APR disclosure.
Direct lenders prevent your information being distributed all over the internet. When you apply with them, your information is being reviewed by that one company only. In the interest of protecting your identity they are the best types of companies with which to apply for a loan. The application is quickly reviewed and there are a variety of companies to choose from for the ideal repayment schedule.