Convenience in Payday Loans is Essential to Borrowers

By their borrowing habits and consumer surveys, one fact seems abundantly clear among payday loans borrowers. To get such loans, the process has to be convenient. It should be easy to navigate the application. It should be simple to ask questions, for example, via online chat functions. And the payday loans payback is best when it is done by pre-authorized automatic withdrawals.

These findings about payday loans do not vary by province, either. In Ontario, Alberta and British Columbia (where payday loans are available), the results were the same. People who borrow by way of paycheck cash advances are, by definition, busy because they have jobs. They do not need, nor do they have the time for, complicated and time-consuming processes.

In more specific details, individuals using paycheck cash advance loans need to have the following features:

• Payday loans must be online - It’s convenient to complete an application online from the comfort and privacy of your own home. Wielding documents that prove employment (or sending them via fax) takes at least ten times longer than filling out an application field.
• Payday loans must involve direct deposits - Borrowers want the cash in their bank accounts so that they can pay bills directly by phone or other electronic means. Same-day funding^‡ allows people to get the money they need, when they need it most.
• Repayment of payday loans must be by automatic withdrawal - In this “one and done” approach to paycheck advances, the borrower likes the fact that the money will be paid back without their direct involvement, on or shortly after the following payday.

Note that payday loans in Canada are only available in British Columbia, Alberta and Ontario.

Privacy in payday loans now assured
Because the paycheck cash advance loan is procured online, there is already a privacy advantage over physically traveling to a payday loans store. But the additional benefit of a DollarsDirect loan is in the customer service communications, where you can ask questions through online chat. It’s private and most of all, convenient.

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*Discount code is valid on initial loan fee only, is non-transferrable, and may not be combined with any other offers or preferred member benefits.