Purple Payday Loans Review – Low Cost Short Term Loans In The US

Posted December 19, 2014 by in Payday Loans

Rating

Easy To Follow
 
 
 
 
 


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Results
 
 
 
 
 


Price
 
 
 
 
 


Total Score
 
 
 
 
 

4.5/ 5

Quick Review

Description:
 
Recommendation:
 
 
 
Link:

Click here to apply for Purple Loans

Apply-here-012
 

What We Liked:

honest short term loans , best possible customer support and experience , gain access to 190 different lenders , within seconds you will know if you are approved and how much cash you can get , secured website , they will not share your information to third parties ,
 

What We Disliked:

you are not allowed to use their website if you are under 18 years old
 
Conclusion

Purple Payday Loans reviews shares that this site is safe and secure because it is protected by SSL or Secure Socket Layer technology that protects you by establishing an encrypted link between you as the client and the web server host. Simply put, your confidential information especially those that pertain to payment and other pertinent data is safe and secured because of this technology. Your information is also protected from being seen by others because you do not need to fax information that can be viewed by other people not really concern with the loan that you are filing. Of course you this company is one of the lending loan brokers in the United States and as mentioned a member of the prestigious and trustworthy Online Lenders Alliance organization.
Purple Payday Loans offers honest short term loans as evidence by the OLA seal. This verifies that this company adheres to the highest standard in this industry. Purple Payday Loans review says that when you place a loan with OLA member this means this organization takes your loan seriously and does not belong to scam organizations that only takes your confidential information and rob you of your identity and rights as a consumer. You are assured that when you take on these Purple loans that you will have the best possible customer support and experience given that your financial situation is already causing you aggravation. It is the desire of this organization to provide you a stress free environment that takes the financial load off your mind.

Click here to apply for Purple Loans

Apply-here-012

by ixivixi
Full Article

Purple Payday Loans Review – Low Cost Short Term Loans In The US

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P

urple Payday Loans is a member of the Online Lenders Alliance or OLA. As an organization OLA members agreed to the best practices and strictly follow the Code of Conduct to assure consumers like you that you will be fairly treated when you apply for short term loans. Online Lenders Alliance is an organization that represents U.S. based companies who offer short term loans for consumers at which Purple Loans is a member of as mentioned. Purple Loans Review shares that OLA updates the members regarding new laws not just on the state but in national levels as well. It is the responsibility of Online Lenders Alliance to keep members like Purple Payday Loans in check because beyond its role in assisting its members it informs consumers like you of your rights, privileges and duties under the law.

The role of OLA even extends beyond all of these to provide consumers like you with credit counseling and education as well as assistance if ever you need one. Is Purple Payday Loans legit? Companies that display the OLA seals means these are found to follow the highest standards of conduct and has followed what the Federal law says. This means this company is 100% totally legitimate. Is Purple Payday Loans legit? Yes it is because it tries its best to protect its good name by choosing to work only with likeminded financial providers. You can gain access to as much as 190 providers. This list will be narrowed down according with the details that you have place during your time of application.

Purple Payday is part of a prestigious organization Pingtree USA.

Purple Loans Review understands no better than others that you might just be living from paycheck to paycheck and that there are cases that an unexpected expense comes up. If you are living in the States you will definitely benefit from these offers for short term loans just to help you keep you afloat until such time that you can manage to live without the loan. By the way Purple Loans is a free lender matching service. Purple Loans review further emphasizes that you don’t need to pay them to connect you to the largest lending network in the United States by just filing for a single application alone. These organization of lenders do understand that the present economy is affected so they welcome borrowers with different needs and different levels of credit.

Purple Payday is part of a prestigious organization Pingtree USA. Pingtree is in turn part of the Quissential Finance Group that was recently recognize as one of the fastest growing technology companies and has garnered the 3rd position in the Sunday Times Tech Track 100. This is just one of the reasons why it pays to work with a company that is known for its great track record. This means it will not do anything that can ruin its good reputation or place its good name in peril by the action that it takes when it conducts business. It is a given fact that in the internet news travels fast literally like the speed of light. When a company does something whether bad or good; news will spread quick and catch on like wildfire.

Purple Loans review

Here are some of the basic criteria that you need to meet if you plan to apply for a short term loan. You need to fulfill these basic requirements. These are actually not that hard to fulfill at all. For starters, you have to be an American citizen. You must be 18 years old. You need an active checking account. However, if in case you got a savings account be reminded that most lenders would require a checking account so that they can deposit the funds directly to it. This is actually quite convenient for you and for the lender as well. You will get you loans faster. You also need to have a regular source of income as low as $800 a month to be able to qualify for a specific amount to loan.

There are cases when lenders will accept you if you are self-employed and have social security number. Your disability and other benefits can also qualify you for a loan since this means you got a steady source of income thus you can pay what you owe the lender. The arrangement is simple. You apply for a loan that you qualify for. Pay promptly as soon as you have your cash on hand. This matching service will get your personal information to find the right matching lender for you. You need not worry since your private information shall remain private. This is stored securely and kept private. This will also allow the lender to validate that you are giving the right information and that you are who you say you are. They can also deposit the right amount to the correct bank account since your identity is establish.

Lenders will get your employment phone and other details so that they can be assured that you are really capable to pay the loan. However, do not be afraid since your employer will not be contacted regarding this loan application. Unless when you fail to repeatedly pay your loan on time and come to the point that you are place under collections agency alert. This is that time when collecting agencies will call you at your place of work to remind you of what you owe them. You can avoid this scene if you will be conscientious in paying for your loan month by month. This will also depend on just how many months you plan to pay for what you owe. If it is a small amount such as $100 then payment might just take a month depending on what you specify in the loan repayment arrangement. 

How Does It Work?

How Does Purple Loans Work? 

Purple Payday Loans review shares the three main provider for your short term loans and these are CashNet USA, Speedy Cash and Check Into Cash. Each of these providers can lend you a different set of maximum amount to loan. The maximum that you can loan may vary like for instance when you subscribed to Check Into Cash you can only apply for a maximum loan of $600. When you choose to go with CashNet USA you can loan up to $700 whereas when you go with Speedy Cash you can apply for a maximum amount of $1500. However, expect to pay for APR for higher maximum loanable amount. The highest of course goes to the provider that allows the highest loanable amount.

Purple Payday Loans ReviewsHowever, the opportunities to apply for a loan is not just solely confined to these three. Purple Payday Loans reviews shares that they have at least 190 financial providers all in all. You will definitely find a match from this huge number of loan providers. This is also the reason why when you ask is Purple Payday Loans legit you will get the straight answer that it is just undoubtedly that. No wonder their official website says that you can get access to these lenders in just 60 seconds. That’s quite a short and convenient time to find lenders and at the comfort of your home without the need to spend hours in long lines while you sweat. The problem with going around from one lender to another in person is that you will grow tired talking to these lenders and spend on gas without really being sure if your loan will get approved.

Here are some of the benefits of applying for a loan with through the facilitation of this matching service. If you want to ask what is purple loans and if you need to pay them to connect you with lenders the answer is no. You will have these benefits if you use their matching service. You can use their 3 minute application. For starters you need to choose the amount that you wish to loan. You have to fill up basic information like first and last name; email address, zip code and click Apply. How easy can it get? What is Purple loans? It is a matching service that has quick high approval rates. You can even apply for as much as $1,000 however, to be fair this maximum amount is not for everyone. You need to qualify to receive this much maximum loanable amount and one of the qualifications may have to do with your capability to repay this amount based on the amount that you earn. This is after all business and not charity.

Be reminded however of your responsibility to pay for what you loan. Purple Loans review reveals of the collection process works this way. In case you have problems making payments you just need to contact the lender directly so that you can discuss with them your payment options. The good news is that they can connect you with lenders even if you got bad credit record. This company will not carry credit checks however their lending partners might at times.

As a consumer you are protected by the assuring presence of the OLA guarantee seal. Online Lenders Alliance hotline can serve as a valuable tool that protects this company and the members who will apply for short terms loans from their providers. The privacy policy shows you the services that this company provides which includes the terms and conditions. This is operated by Pingtree USA Corporation and has a land address that shows the contact numbers in case you want to communicate with them directly. 

Purple Payday Loan Reviews 

Pros 

Purple Payday Loans ReviewWhat is Purple Loans? It is a matching service that connects you for free in just 3 short minutes of applying for a loan you will gain access to 190 different lenders. Imagine being given instant access to such a wide range of opportunities? What Is Purple Loans? It is your source to list of reputable companies that specialize in providing quick loans regardless of what your previous credit history is.  By the way when you apply within seconds you will know if you are approved and how much cash you can get from it. In fact, the decision lies in your hand. You are given time to review the loan which includes the terms. From here you can decide whether you want to accept the offer or reject it. Should you accept the loan you can readily receive the cash the following business day. You also have the option to apply for a loan via phone. They got their toll free number that you can reach 24 hours, 7 days a week.

Purple Payday Loans ReviewPurple Payday Loans reviews shares that this site is safe and secure because it is protected by SSL or Secure Socket Layer technology that protects you by establishing an encrypted link between you as the client and the web server host. Simply put, your confidential information especially those that pertain to payment and other pertinent data is safe and secured because of this technology. Your information is also protected from being seen by others because you do not need to fax information that can be viewed by other people not really concern with the loan that you are filing. Of course you this company is one of the lending loan brokers in the United States and as mentioned a member of the prestigious and trustworthy Online Lenders Alliance organization.

Purple Payday Loans reviews reveal that they will not share your information to third parties. This is why they remind users like you to read the privacy policy before you agree to subscribe to their advertising partners and payday loan lenders. This is to warn you against giving out information to these partners and lenders and to protect you from unknowingly give out vital information. Now you can apply without fear that your information has been given without your knowledge. Purple Payday Loans reviews like these encourage applicants like you to take on their offer to connect to a decent provider who will be as honest as this matching service.

These lending companies understands that your present credit score is not reflective of the situation that you are in right now. Most of these loans are re-paid within 31 days. This can give you enough time to settle what you owe. Most borrowers like you choose to repay the loan by allowing automatic debit from your account on a specified date. You have the option to repay via other methods like check or money order payment. Just coordinate with your lender about this so that they will know that your lender will take care of the rest. Your lenders understands the situation that you are in so they will no longer add more stress. They will simply take care of you.

In case you ever find yourself unable to repay your loan on the date agreed, they remind you to contact your lender to discuss other options. They can help you and give you other options to keep you moving forward. This means you can avoid being subjected to collections agency as long as you take the initiative to be responsible enough for your actions when it comes to filing for loans.

Purple Payday LoansIf there is some things that you have to be thankful for this lending matching service is that they act as an angel of mercy to help tide you over the next payday. They will honestly reveal how much your payday loans cost. There is none of that hidden agenda or false facts. The cost of your loans will depend on the type of loan that you applied for, the state where you live and the lender that you are matched with. These are some of the factors at play when you apply for these loans. If in case you do not feel that the lender is for you and the terms is not something that you can live with then you can choose to refuse that specific loan.

If in case you choose to accept the loan you will be given full disclosure of all the cost which includes the APR of your loan. You are encourage to read these terms and accept it only if you feel and decide to do so. This matching service really has your back. The final decision lies on you. The terms are clearly spell out. This matching service clearly emphasizes for you to always review the papers that you receive and not just sign everything without reviewing it further. If there is something that you do not clearly understand.

Do not hesitate to clarify this with your lender. After all it would be hard to repent at leisure after you sign up. By the way even if this matching service is open 24/7 be reminded that lenders will only accept your application during normal business hours from 9am to 6pm. Purple Payday Loans gives you clear options that you can easily live with to make your life easier. 

Cons 

You are not allowed to use their website if you are under 18 years old. Is Purple Payday Loans legit? countless of Purple loans reviews verify that Purple Loans are reputable company, However, just as with other existing lender borrower relationship you need to pay what you owe your lender because if you fail to inform them and the situation becomes unresolved they may pass your details to a third party collecting agency. What is Purple Loans? It is a lender match making service that also reminds you of the implications of non-payment. They wish to remind you of your need to pay on time to avoid this not so great scenario. After all, you would not wish to be contacted by an irritating collector to remind you that it is time to pay.

Purple-Payday-Loan_largeIn case this cannot be avoided expect to receive collections by phone or letter. You can also avoid this humiliating scene by making it a point to contact them before hand by the two methods given to rearrange payments. If you still continue with non-payment this may result to charges and sometimes an increase in your payment interest. Eventually this is not a favorable situation. You need to contact your lender so that this will not be added to your credit record. Be reminded as well that if you fail to pay this might help to drag your credit score down especially if it shows that you have been subjected to the ultimate: collecting agency.

By the way, lenders will likely charge you with late payment fee from $1 to $100 depending on the amount of your loan and the interest rates/charges. Lenders will charge differently. This is the reason why you should always read the terms and conditions of your loan and not just grab the money and throw caution to the wind of what happens next.

As for loan renewal policy, once again you need to contact your lender. This again will vary from one lender to another. Expect to pay for the same rate that you were given prior to this renewal. If in case you pay earlier than your date due, inquire if there is a corresponding discount computed pro rata or per cut-off date.

Conclusion 

dropdown_guyPurple Payday Loans offers honest short term loans as evidence by the OLA seal. This verifies that this company adheres to the highest standard in this industry. Purple Payday Loans review says that when you place a loan with OLA member this means this organization takes your loan seriously and does not belong to scam organizations that only takes your confidential information and rob you of your identity and rights as a consumer. You are assured that when you take on these Purple loans that you will have the best possible customer support and experience given that your financial situation is already causing you aggravation. It is the desire of this organization to provide you a stress free environment that takes the financial load off your mind.

Click here to apply for Purple Loans