Month: March 2019

Can I cancel my payday loan agreement?

You may be able to terminate your payday loan agreement from the date you signed it, or if the lender breached the rules.

Two days delay

Two days delay

You can cancel your payday loan agreement at any time within two business days of the date you signed it, until the end of the second business day. For example, if you signed your agreement on Wednesday morning at 11:00 am, you have until the end of the day on Friday, at the closing of the lender’s institution, to terminate it.

If the establishment is closed on the second day, then you have until the end of the next day it is open to terminate your agreement. For example, if you got your loan on Friday and the property is closed on Sunday, you have until the end of the day on Monday to terminate your agreement. If you got your loan on Saturday and the property is closed on Sunday, you still have until Monday to cancel your agreement.

This two-day period is called the reflection period. You always have a cooling-off period, even if your loan agreement does not mention it.

When you cancel your agreement, you do not need to explain why.

In addition, you must repay the borrowed money, but you do not have to pay any fees or interest.

After two days

After two days

After the two-day period, the loan agreement can only be terminated if the lender has not complied with the rules, for example:

  • if he did not give you a copy of the agreement right after you signed it;
  • if he has not given you the money since the signing of the agreement if you have signed it in his establishment;
  • if he has not given you the money within one hour after the conclusion of the agreement if you have made it online or by telephone.

You may also terminate your agreement if it does not contain all the required information.

However, you can not terminate it if all the rules have been followed. You must repay the amount borrowed and the fees charged by the lender. If you can not repay the loan, talk about your options to a credit counselor at a non-profit agency.

Categories: Loan

Online payday loans no credit check direct lenders -I need a payday loan

The number of unemployed is significantly higher since the economic crisis. Many people can work fewer hours, have no contract extension, or for another reason suddenly come face to face with accounts that they can not pay. It is important in such a situation that there is another solution to temporarily have extra money. In many cases, a loan is chosen. However, you do need the right lender, since it is not possible to lend without work to every loan provider.

I need a payday loan from a direct lender

 

Fortunately, there are payday lenders like Bridge and you may apply for online payday loan with different rules. They only provide small loans and want to ensure that borrowing a small amount remains possible for everyone. This means that you often have to take into account a lot fewer things and you can also close the loan quickly and easily.

 

Conditions for borrowing 

Of course, this does not mean that there are no conditions at all that you have to take into account. For alternative lenders, there are also measures to ensure safety. In any case, you always have to deal with the legal conditions. This means that you must be at least 21 years old and must have a fixed amount of income. In addition, additional conditions may apply, such as paperwork or credit checks. Since the conditions may differ per provider, it is extra important that you read these conditions carefully and do not take unnecessary risks.

Points of interest when borrowing 

If you want to be extra knowledgeable about what is and is not possible, it may be useful to check the following points before you take out a loan:
– Always check whether the lender in question is affiliated with the Chamber of Commerce
– Compare the conditions of the provider with those of other providers to form a realistic picture of what is possible
– View experiences of others with that particular loan provider
– Never borrow more than necessary.

Borrow directly without 

Are you interested in quickly borrowing a small amount through these lenders? This is already possible by filling in the form online and waiting for your application to be confirmed. Always ensure that you are sure in advance that you can have the borrowed money available again on time and that safety is always a priority. Depending on which provider you have chosen you can quickly expect money on your account, sometimes even the same day.

Categories: Loan