PayDay OK is a financial lending company based in Delaware. This company services residents of the United States by providing short-term payday loans. These loans can be up to $500 and the application and approval process is fast and simple. A payday loan can help customers get through a tough time. Since these loans are usually for only 14 days, they are paid off quickly, giving customers the ability to obtain cash funds in a time of need. PayDay OK offers an online application, making the loan easy to obtain. This is a great option for customers who have had an unexpected event occur and need cash quickly. These loans can provide customers with the funds the very next day after the loan is approved. This type of loan has become increasingly popular among individuals who have financial needs that they cannot meet. Many people find that the need for money arises when they are in between pay periods. A payday loan can be the solution to this problem.
To apply for a payday loan through PayDay OK, customers must be currently employed, have a valid email address and home telephone, a checking account that is active and in good standing. Applicants must be over 18 years of age. It should be noted that the checking account must have a good history. There cannot be records of negative balances, returned checks or overdraft charges. There is no credit checks conducted when applying for a loan with PayDay OK. They use your employment status and your checking account as financial history and make the approval based on these standings.
There are many reasons people apply for a payday loan. These loans are for small amounts ranging from $100 to $500. They are designed for emergency use when the customer needs cash funds instantly. Many events can come up in life, causing financial distress. A payday loan can help should something come up. It is one of the safest and fastest ways to obtain cash funds. Traditional bank loans are longer in term and higher in amount. They also require extensive credit checks and often take up to two weeks to be approved. These short-term payday loans are the perfect solution when you need that money available quickly.
3.7 of 5
Cost of Loan
4.3 of 5
Funded in Time
4.3 of 5
Would Use Again
3.7 of 5
There are fees associated with these loans, which are set by the state in which you are applying. To calculate what your fees would be when getting a payday loan, visit the company website at www.paydayok.com. They have a calculator tool that will help you figure out the applicable fees and interest rates. When customers apply online, the approval is typically given within a few minutes. Upon approval, customers will agree to a set due date in which the loan will be repaid in full. The funds are then electronically deposited into your checking account and available for use the next business day.
Customers using the payday loan service through PayDay OK will have payment options. Most companies do not give options and expect the loan to be repaid in full on a specified date. Employees at PayDay OK realize that customers cannot always do this, so they offer different plans to help with repayment. It is always an option to repay the loan in full, and this is the best thing to do. The sooner you can eliminate debt, the better off your financial standing will be. However, if you cannot repay the loan in full, PayDay OK will allow you to refinance, or extend the loan. This will require that the interest and the fees will be due on the original due date, but the premium amount will be extended. Customers can also refinance and make a $10 payment towards the balance of the loan. This allows them to repay the loan in small increments. If you do not choose a payment option, PayDay OK will automatically deduct a payment. These payments are 10% of the original loan amount along with any finance charges that are due. All payments are deducted from your checking account, so it is important to have sufficient funds available when payments are due.
PayDay OK values their customers. Since many customers use this service multiple times, PayDay OK has a referral program to reward current customers. For every new customer that is referred and approved for a loan, the original customer will receive $10. This money will be directly deposited into your account. This is one way PayDay OK thanks their loyal customers. This company provides great customer service and shows appreciation for every customer that uses their services. If you have any questions that are not answered on the website, you may contact customer service by calling 866-612-4507. Emails can also be sent through the website by utilizing the "Contact Us" menu. PayDay OK is a reliable company that is always eager to help customers in their times of need.