I hate reading long-winded articles and reviews on products or
services. So this Mr Lender review is to the point and well structured. I
basically cover 5 features that make this Us payday lender stand out
from the rest.
www.LoansPayday.info
First up is the acceptance rate, also known as approval rate. As Mr Lender is a relatively new lender it wants to acquire as many customers on its books as quickly as possible and one way of doing this is by raising its approval rate. Another way of saying that is it wants to approve more applicants per hundred than a long established lender does. So if you have been declined a pay advance with other lenders in the Us then you really should try getting one with these guys.
www.LoansPayday.info
Secondly, to back-up the point above, they accept applications from part-time employees and the self-employed as well as those that are in full-time employment. This covers most types of jobs, or work, that brings in regular pay. And that is what they are looking for, that you have regular pay. If you are self-employed you may have to show that you do have several months' history of regular pay. This feature is rare amongst pay day lenders in the UK and is a big plus.
Once again, to back-up the first point, they can pay out loans without doing credit checks on you or asking you to fax in documents to prove who you are or where you live. This no fax feature holds true for employed applicants but may not be the case for the self-employed. They will ID check you, but that's all. No credit checks and no documents to fax in - again, a rare quality in a Us lender.
www.LoansPayday.info
Next, unlike many other lenders that require you to borrow in multiples of £40 or £50, Mr Lender does not dictate this to you. It allows you to borrow in increments of £10, starting from £10 all the way up to £500. And that is for first-time borrowers. For repeat customers with a good borrowing history they allow you to borrow in £10 increments all the way up to £750.
Finally, the finance charge they have is the typical 25% amongst pay day lenders. So for every £100 you borrow you have to repay £125. But they also charge a £5 administration fee which many other lenders do not charge. However, they can be forgiven for this as their same day loan transfer fee of £10 is one of the cheapest in the UK. They claim that once approved the loan can be in your account within 2 hours. Just be sure to apply early in the day as you will only receive cash on the day you apply for it if you are approved before 4.30pm and they may need an hour or so of processing time to get you approved. You can save on the same day transfer fee by opting for a BACS transfer which is completely free of any charges but can take up to 3 days to arrive in your bank account.
In summary, this Mr Lender review shows that there are many advantages to taking out a payday loan with the said company. They have a high accept rate, they accept all applicants with a regular pay, they do not require you to fax in documentation, they do not credit check you and you can borrow up to £500 as a first-time borrower on the same day that you apply for the loan.
Fast Loans up to $1000. 99% Online Application. Payday Loans
Online Available 1 Hour. Get $1000 Now.
First up is the acceptance rate, also known as approval rate. As Mr Lender is a relatively new lender it wants to acquire as many customers on its books as quickly as possible and one way of doing this is by raising its approval rate. Another way of saying that is it wants to approve more applicants per hundred than a long established lender does. So if you have been declined a pay advance with other lenders in the Us then you really should try getting one with these guys.
Fast Loans up to $1000. 99% Online Application. Payday Loans
Online Available 1 Hour. Get $1000 Now.
Secondly, to back-up the point above, they accept applications from part-time employees and the self-employed as well as those that are in full-time employment. This covers most types of jobs, or work, that brings in regular pay. And that is what they are looking for, that you have regular pay. If you are self-employed you may have to show that you do have several months' history of regular pay. This feature is rare amongst pay day lenders in the UK and is a big plus.
Once again, to back-up the first point, they can pay out loans without doing credit checks on you or asking you to fax in documents to prove who you are or where you live. This no fax feature holds true for employed applicants but may not be the case for the self-employed. They will ID check you, but that's all. No credit checks and no documents to fax in - again, a rare quality in a Us lender.
www.LoansPayday.info
Next, unlike many other lenders that require you to borrow in multiples of £40 or £50, Mr Lender does not dictate this to you. It allows you to borrow in increments of £10, starting from £10 all the way up to £500. And that is for first-time borrowers. For repeat customers with a good borrowing history they allow you to borrow in £10 increments all the way up to £750.
Finally, the finance charge they have is the typical 25% amongst pay day lenders. So for every £100 you borrow you have to repay £125. But they also charge a £5 administration fee which many other lenders do not charge. However, they can be forgiven for this as their same day loan transfer fee of £10 is one of the cheapest in the UK. They claim that once approved the loan can be in your account within 2 hours. Just be sure to apply early in the day as you will only receive cash on the day you apply for it if you are approved before 4.30pm and they may need an hour or so of processing time to get you approved. You can save on the same day transfer fee by opting for a BACS transfer which is completely free of any charges but can take up to 3 days to arrive in your bank account.
In summary, this Mr Lender review shows that there are many advantages to taking out a payday loan with the said company. They have a high accept rate, they accept all applicants with a regular pay, they do not require you to fax in documentation, they do not credit check you and you can borrow up to £500 as a first-time borrower on the same day that you apply for the loan.