Online payday loan lender

Description

Online payday loan lender

Some payday loan services are available through online lenders. Loan applications are completed on a lender’s website and funds are transferred by direct deposit. When it’s time to repay, the lender will take money from your bank account with via an ACH debit. Payday loans are typically a single payment loan, but if the loan requires multiple payments, the online lender will need to obtain an ACH authorization from you and provide you with a copy of terms of the authorization.