Easy Payday Loans is a brokerage organization based in the United States which utilizes an online Platform to bring financially stranded borrowers and hundreds of reputable and credible online lenders together. As the name suggests, a payday loan is typically sourced for urgent financial needs which will be repaid by the next payday.
It is a free service and only requires users to pay the interest rates agreed on with lenders. There are a variety of features and services available on Easy Payday Loans which go beyond just the payday loan in its title. For example, there are same day loans, bad credit loans, no credit check loans and instalment loans, in addition to payday loans.
These offered loans without a charge or commission by the website are fit to meet emergencies requiring quick attention before payday. Easy Payday Loans offers borrowing and lending flexibility between 50 and 5000 US dollars.
A review of Easy Payday Loans
Easy Payday Loans’ principal goal is to keep users afloat between one payday and the next. This is essentially why the initiative is curated to meet the needs of workers whose paychecks cannot stretch up to the next payday due to unforeseen contingencies such as medical emergencies, car repairs or even badly-timed utility bills payment.
With the Instant Online Guaranteed Approval Payday Loans, users are in line to receive near-instant payments on their loan requests in just three easy steps.
- Submit a request: if you’re at least 18 years old, a US citizen or resident in the US, and without any outstanding Payday Loans, you can simply log on to the website, fill out a form providing the required details and submit your loan request.
- Get offers/Quotes: within minutes of submitting your request, Easy Payday Loans will make it available to their lenders’ pool and lenders will now make you offers.
- Receive money: once lenders have made their offers, you’re at liberty to choose the one with the most favourable conditions, and you can get your money as soon as the same day or the next business day.
Pros and Cons of Easy Payday Loans
A transparent website with free borrowing services is a big win for the modern-day worker. Easy Payday Loans not only does not charge a commission but also has no hidden fees, and users are free to choose their lenders of preference as against being exposed to unfair monopolies. However, we will consider its awesomeness alongside its limitations. Let’s consider some of its pros and cons.
- As already stated, Easy Payday Loans is 100% free and completely online, without any bank visits needed.
- It is transparent and imposes no hidden fees. Borrowers only pay interests agreed on with lenders.
- It doesn’t require heavy collateral.
- It provides instalment service for those who need the flexibility to manage their finances. Learn more about instalment loans online by visiting this page.
- It has several features designed to meet the needs of various users, including those with bad credit histories.
- It is based in the United States and is subject to US laws, thus offering a geographical focus that makes it easy for residents and citizens to access and trust them.
- It provides petty cash, which is accessible and repayable by small-income earners.
- It is a community of lenders and borrowers transacting on their own terms, without undue monopoly and unfair charges levied on borrowers who are hard-pressed and vulnerable.
- An age and location focus easily translates to the service being selective and limited
- The website is not clear on who is financially eligible to borrow. For example, while it provides payday loans, it does not specify that its services are only available to workers with a regular source of income.
- Despite friendly terms and a wide pool of resources available to borrowers, there is no guarantee that you will get the right amount you need, when you need it or even get it. This is because it operates like a barter system and thrives on a double coincidence of interests between lenders and borrowers.
What makes EasyPaydayLoans Stand out from others?
There are lots of lending applications and websites out there but how many of them are reliable and safe for borrowers?
This is important to keep in mind as borrowers are the most vulnerable parties in loan transactions. With websites and apps requiring very intimate and personal details both pertaining to the individual borrower and transcending them to their families, relatives and acquaintances, it is important to choose carefully when making a borrowing commitment.
This is arguably why Easy Payday Loans stands out in the industry. We’ll now go ahead to itemise why Easy Payday Loans should be your first choice when you think of loans.
First, with offers as low as 50, 100, 200, 300, and 500 US dollars, to substantial amounts of 1000 to 5000 USD, Easy Payday Loans is summarily the go-to spot for the average working person.
Easy Payday Loans’ light collateral policy makes it an appealing option to clients who cannot meet up with demands made by traditional lenders such as banks.
Another great point for Easy Payday Loans is the variety of features and services it offers, ranging from same day loans (which are requested and processed the same day) to bad credit loans (accessible by people who have a bad credit history but are evaluated based on their current capacity to pay the immediate loan); no credit check loans (lenders run a light scan on user’s profile without affecting their credit score) and instalment loans (repayable in small parts over a period of time, as against an instant lump sum).
Lastly, Easy Payday Loans is free, fast and reliable, without any hidden charges or fees levied on the users. It has a user-friendly website which makes it easy to navigate the various requirements and understand the necessary details of your commitment effortlessly.
Being in a financial strait is something no one likes or hopes to experience. The bad news is that financial emergencies and difficulties will always happen. While they’re undesirable, it is much easier to have a strategic plan to mitigate the challenges they come with.
An important aspect of that plan is to have a reliable and stable source of emergency funds outside your regular work or commercial banks with their unachievable demands. What is more important is that this alternative must guarantee your safety and that of your loved ones. Easy Payday Loans readily fill in this gap in several unique ways.
It is easy to use, free, offers multiple services to meet different needs, has a non-monopolised borrowing and lending process and does not require your life as collateral. So, instead of diving into the ocean for loan “sharks”, why not smoothly sail above it with Easy Payday Loans?