(PRWEB) June 18, 2012
Consumers who visit DirectDepositLoan.com will find a new article added to the website’s educational library. The new article, called “Rates & Fees” explains in simple words what a direct deposit loan is and what fees are connected to it. The article also emphasizes that DirectDepositLoan.com does not charge any fees to consumers applying for a loan. There are no hidden fees and no money charged until the consumer chooses a loan and signs an agreement.
“DirectDepositLoan.com wants consumers to understand the ins and outs of a payday loan before they get one,” says company spokesperson Alexander Powell. “We are a matching service, rather than a direct lender, so we can remain neutral when it comes to offering information about payday loans and their rules and regulations. We want consumers to understand their rights and obligations before they make the final decision about a loan.”
Visitors to the website will find all the details they need to get them through the direct deposit loan application process quickly and easily. After filling out an application, consumers will receive an answer almost immediately, followed by a number of offers from different lenders. This is because DirectDepositLoan.com connects borrowers with a number of pre-screened lenders offering loans in the borrower’s state. The would-be borrower then has a chance to evaluate and compare those offers to choose the one they feel is more reasonable when it comes to rates and repayment policies.
DirectDepositLoan.com focuses on helping those in need of quick access to money. Banks and other financial institutions often require would-be borrowers to fill out long, complicated applications and then wait weeks for an answer. Payday loans require less information and time. The application asks for a few details, such as the would-be borrower’s name, his bank account information, proof of income and a valid email. Once the loan has been approved, the money is delivered into the person’s bank account within 24 hours.
The quick processing time makes payday loans an excellent choice for people who are in a financial emergency and need access to money immediately. Because these loans are small (usually under $1,500), the borrower can take as much or as little as he needs to cover a debt. There is no need to take a large loan that could lead to long-term debt and more financial trouble. DirectDepositLoan.com allows small loans that can be used and repaid within a month.