National Payday is a payday lending institution based in San Jose, Costa Rica that offers services in the United States. This company has an online contact form available at http://www.nationalpayday.com/contact_form.asp, if you are interested in procuring payday loans. National Payday representatives can also be contacted at 1-877-778-8006 for first-time borrowers and 1-866-513-0374 for repeat visitors. Visitors should look at http://www.nationalpayday.com before making contact to find out about National Payday's services.
The core service offered by National Payday is affordable payday loans for professionals and families with short-term financial problems. National Payday offers loans without interest to first-time borrowers who are responsible enough to pay off their loans on time. National Payday loans on check advances carry a 25% interest rate that is competitive in the industry.
National Payday is different from local and regional lenders in its seamless online application process. Borrowers can submit information online rather than using clumsy fax machines and slow mail services. This information is transmitted securely from a home computer to National Payday to protect identities from hackers. The approval process takes only minutes with a National Payday representative making the lending decision based on income and employment information.
3.6 of 5
Cost of Loan
3.9 of 5
Funded in Time
3.8 of 5
Would Use Again
3.8 of 5
Many visitors to National Payday will arrive with low or no credit that would disqualify them at traditional banks. National Payday does not review credit information when making decisions about payday loans. The lender relies more on current employment and income information rather than past mistakes involving credit cards and loans. Every worker with a steady job can leave the credit reports in the drawer when filling out payday loan applications for National Payday.
National Payday caters to borrowers of all types with its wide range of lending amounts. First-time visitors can borrow between $100 and $400 with their initial loans to take care of emergency shortfalls in household budgets. This amount could be used to pay the utility bill, purchase food, and fulfill other obligations between paychecks. National Payday expands on this lending range for repeat borrowers by allowing loans up to $1,000 with an approved application. Whether it is a car payment or part of the monthly rent, experienced borrowers can take care of their finances with the help of National Payday.
Every applicant to National Payday needs a checking account, steady employment, and limited experience with payday loans. National Payday requires every borrower to have an active checking account with a positive balance to ensure that prompt payment is made when the loan term has expired. The lender also requires that applicants have to hold regular employment with monthly wages of at least $1,000 to cover the principal and interest on payday loans. National Payday's final requirement is that a borrower does not currently hold more than one active payday loan as the application is submitted. This requirement is designed to protect National Payday from irresponsible lending, while keeping borrowers from overextending their credit.
Once it is time to fill out the online application, every borrower should have contact and employment information ready. The online application asks for a borrower's address and phone number to ensure that National Payday can maintain contact in case of problems with payday loans. Applicants also need to add information about job title, department, and employer contact information. National Payday will use this information to confirm wages and a worker's employment history to make a payday lending decision.
The final part of the online loan application is a short section on the borrower's payment periods from the aforementioned employer. National Payday requires borrowers who are paid once per month to pay their loans in full prior to the loan expiration date. These borrowers will notice that their checking accounts are debited with the principal and interest as soon as this date arrives. National Payday is flexible enough with its payday lending to offer biweekly payments for professionals who are paid on traditional biweekly schedules. The lender can also work with professionals who are paid on a weekly basis to figure out arrangements that ensure quick payment.
National Payday works within the hours of a typical business day when reviewing applications and providing payday loans. The lender is open from 9:00am to 5:00pm EST to stay competitive with other lenders who are open on America's east coast. National Payday makes every effort to complete loan applications in a timely manner, but there are some limitations on providing instant loans. The lender approves loans within 24 hours of application, though it will wait to the next business day for applications sent on weekends and holidays. Most borrowers who submit their applications prior to 2:00pm EST Monday through Friday get their loans the next business day.
Every borrower wants to know that his payday lender is trustworthy and experienced. National Payday facilitates check advances directly rather than handing over these responsibilities to franchises. While many national lenders outsource their financial services, National Payday maintains quality control by reviewing applications in its own offices. This company has been lending money to worthy borrowers since 2000, so visitors know that National Payday loans are based on responsible lending practices. As the economy changes rapidly from day to day, professionals concerned about making rent or paying their bills can work with National Payday without worrying about changing rates.
The difficulties of today's worldwide financial markets can make any borrower leery of working with a payday lender. National Payday is unlike other lenders in its commitment to informing their borrowers of the latest trends in the housing market, lending, and financial planning. The lender has a blog on the main page of its website that addresses personal financial issues. National Payday's Money Blog highlights tips on every aspect of responsible finances including cutting back on credit cards, budgeting appropriately for monthly expenses, and finding ways to squeeze more money out of your paycheck.
The Money Blog can be paired with National Payday's library of financial articles to help any borrower get on the right track financially. Borrowers can review the section on dealing with debt to explore the problems with using credit cards to pay bills. The Loans and Credit section contains news about lending institutions worldwide while offering insights into new services offered by credit card companies. The mysteries of your credit's interest rate and your home mortgage can be solved with the help of the Interest Rates and Mortgages section. The Money Management area in National Payday's article library helps any borrower find tools to balancing debits from credits in their portfolio. While many visitors to National Payday may not think much about IRAs and 401(k), they should look at the Planning for the Future section to get ready for retirement.