A No Credit Check Loan from a Direct Lender is a short-term financial solution that doesn’t require evidence of income or employment history. The borrower must meet the lender’s eligibility criteria. Direct Lender Payday Loans are suitable for individuals with less-than-perfect credit scores. These lenders work with borrowers who need more personal information available. Direct Lender Loan applications are processed rapidly, and most borrowers receive their funds within 24 hours or more quicker.

What are Payday Loans?

A Payday Loan is a short-term loan, usually up to $1000, repaid on your next paycheck. Depending on state regulations, borrowers can access payday loans in person or online. Payday Loans are a convenient way to access cash quickly and without the hassle of a credit check. RixLoans offers competitive rates and flexible repayment options, making it an ideal choice for those who need quick financial assistance.

Is Same-Day Guaranteed Approval Available from Payday Loan Direct Lenders?

When you apply for a Payday Loan, you will receive instant feedback on your application. However, approval is only guaranteed for some applicants as they must meet all eligibility criteria. To apply for a Payday Loan, follow these steps:

  • Requesting a Payday Loan: The application form can be found on our website. Submit your personal information, bank account details, and desired loan amount. Double-check the information before submitting your request for guaranteed payday loans online. Applying online will not affect your credit score.
  • Receive Approval: Once your loan request is received, you will get instant feedback to know if the loan is approved. If approved, read the terms and conditions of the loan carefully.
  • Sign The Loan Contract: If you have any questions regarding the terms and conditions of the loan, get in contact immediately. Our customer service team is always ready to respond to any concerns.
  • Get The Cash: After this, you usually get paid the same day or the next day. If your request is approved before noon, you typically get the money on the same day.
  • Pay It Back: You must repay the loan by the due date. RixLoans will automatically deduct the required amount from your account unless otherwise authorized. You must have sufficient funds to repay the loan and avoid late penalties.

In today’s financial landscape, access to reliable payday loan options can be a vital lifeline for individuals facing unexpected expenses or dealing with bad credit. RixLoans is proud to serve customers across the United States, providing assistance when it’s needed most. Below, you’ll find a comprehensive list of American states where our trusted payday loan services are readily available, ensuring that those with less-than-perfect credit have access to the financial support they require.

AL – AlabamaAK – AlaskaAZ – Arizona
AR – ArkansasCA – CaliforniaCO – Colorado
CT – ConnecticutDE – DelawareDC – District Of Columbia
FL – FloridaGA – GeorgiaHI – Hawaii
ID – IdahoIL – IllinoisIN – Indiana
IA – IowaKS – KansasKY – Kentucky
LA – LouisianaME – MaineMD – Maryland
MA – MassachusettsMI – MichiganMN – Minnesota
MS – MississippiMO – MissouriMT – Montana
NE – NebraskaNV – NevadaNH – New Hampshire
NJ – New JerseyNM – New MexicoNY – New York
NC – North CarolinaND – North DakotaOH – Ohio
OK – OklahomaOR – OregonPA – Pennsylvania
RI – Rhode IslandSC – South CarolinaSD – South Dakota
TN – TennesseeTX – TexasUT – Utah
VT – VermontVA – VirginiaWA – Washington
WV – West VirginiaWI – WisconsinWY – Wyoming
Our Presence Across American States for Payday Loans

How Much Is The Interest?

The answer to this question depends on which state you reside in. Generally, borrowing $100 from a payday lender incurs between a $15-$30 fee. Payday loans have an annual percentage rate (APR) ranging from 391 percent to above 521 percent, the same as credit cards, mortgages, auto loans, etc.

What Are The Characteristics Of Direct Lender Loans?

Listed below are the characteristics of Direct Lender Loans:

  • There Are No Credit Checks: The odds of acquiring one of these loans are the same whether you have excellent or bad Credit. Unlike banks that use credit checks, most payday loan direct lenders will consider other things before accepting or denying your application.
  • There Are No Third Parties Involved: You will not incur extra fees to pay the payday loan broker by dealing with a direct lender. You only need to pay what you agreed with the payday lender. However, the lender may charge you extra fees if you delay making your payments.
  • The Process Is Quick: Applying for a payday loan is fast and straightforward. You can get the money you need within 24 hours or less.
  • No Collateral Required: Unlike traditional loans, payday loans do not require collateral. This makes them ideal for people with no assets to use as security.

What Are Payday Loan Requirements?

Listed below are the requirements for payday loans:

  • You Must Be At Least 18 Years Old: If you are younger than this, your application will not be accepted. You may need to talk to an adult and have them apply on your behalf.
  • An Open And Active Bank Account: Most direct lenders do not accept prepaid debit cards either. If they do, you must link the card to your checking or savings account before they can get it.
  • Have A Steady Income Source: To qualify for a loan, you must prove that you have a stable income source. It is what will guarantee the company that you will manage to repay the loan.
  • Contact Details: Direct lenders will also need to contact you whenever we need to provide you with your loan updates. Therefore, we will need your contact information, such as your email address, phone number, and physical address.

Pros Of Payday Direct Lender Loans

Listed below are the advantages of payday loans from direct lenders:

  • You Can Get Your Money Much Faster: When you apply, you will get your loan approval within a few minutes. If you accept the loan’s terms and conditions, we shall send the money to your bank account within 24 hours or less.
  • It’s An Easy Way To Get Money: Most people who fail to get loan approvals from banks can easily acquire payday loans. The requirements to qualify for a payday loan are flexible compared to traditional lenders.
  • You Don’t Have To Be Employed To Receive A Loan: Whether employed or not, you can still qualify for a payday loan. If you prove that you have another regular source of income, you will be eligible for a payday loan.
  • Bad Credit Allowed: Your bad credit record will only be as long as you prove that you can repay the loan and have a checking account.

Cons Of Payday Loans Direct Lenders

Listed below are the disadvantages of payday loans from direct lenders:

  • High Fee Charges: Late fines, rejected checks, and bounced checks can quickly add up. Therefore, before applying for a direct lender payday loan, ensure that you can repay the loan on time to avoid late fees.
  • Short Loan Term: You are only given a certain amount of time to repay your loan before additional fees. This is around 30 days. Therefore, you must be sure you can repay the loan within this time frame.
  • High-Interest Rates: Payday loans from direct lenders come with high-interest rates. Therefore, it is important to compare different lenders before settling on one.

Do You Perform Hard Credit Checks?

No, payday loan lenders do not perform hard credit checks. We only perform soft credit checks to determine whether you will manage to repay the loan. Unlike hard credit checks, soft credit checks do not affect your credit score.

What Else To Look Out For When Applying To Borrow Money Online?

You should know specific facts when contemplating taking out your first cash advance personal loan.

You may already know some of them, like your income, but others, like your credit score, you’ll need to research before applying for a loan.

Listed below are the things you should look out for when applying to borrow money online:

  1. How much interest will I pay?
  2. Can I afford to repay the loan on the due date?
  3. When is the due date?
  4. How much money do I need?

Frequently Asked Questions

What Are The Payday Loan Requirements?

Most payday loan requirements are standard. However, some direct lenders may ask for additional information from you before getting the loan process started. But most will not require more than your name, telephone number, checking account, or date of birth.

How Can I Apply For A Payday Loan?

It’s easy to apply for these kinds of loans. You only need to fill out an electronic application form or speak with a lenders representative over the phone.

How Long Does It Take To Send The Money?

A direct lender should put your money into your bank account within 24 hours or less! If you are still waiting to receive your loan within this time frame, contact RixLoans for further help.

How Do I Repay My Loan?

Most payday loan companies give borrowers two weeks to one month to pay them back. RixLoans will automatically deduct the loan amount plus interest from your bank account on the loan’s due date. Ensure you have enough money in your account to avoid late payment fees.

What Makes Payday Loans Direct Lenders Different From Banks?

A typical bank loan requires applicants to go through a hard credit check before approving their loan application. Most direct lenders only perform a soft credit check to determine if you will repay the loan on the due date. This will not affect your credit rating.

Kimberly Chantal Parkes

Kimberly Chantal Parkes is a former contributor to Rixloans. Kimberly Chantal is a freelance copy editor and writer with a specialization in personal financial planning. After having graduated from Kansas State University with a bachelor's degree in journalism, she began her career in media wearing many hats for community newspapers within the Kansas City area: writer as well as copy editor, photographer and coffee runner among other things.