24CashFast is not a lender. We are a free loan-matching platform that sends one safe, online application to multiple licensed direct payday and installment lenders at once. This saves you time and can raise your chance of approval, even if you have bad credit.
What Are Direct Payday Lenders?
A direct payday lender is a company that lends its own money and services the loan in-house. No brokers or third-party collection firms are involved. Because you deal with a single company, decisions and funding usually happen faster than with traditional banks. Through our network, you may be matched with two main short-term products:
|
Loan Type |
Typical Amount |
Repayment Period |
APR Range* |
|
Payday Loan |
$100 – $1,500 |
Your next payday, or up to 31 days |
200% – 700% |
|
Installment Loan |
$300 – $5,000 |
3 – 24 months, paid in equal parts |
35% – 180% |
*Exact ranges depend on your state and the chosen lender.
How Each Loan Works
Payday loans are single-payment advances. You write an electronic check or give the lender permission to pull the balance from your bank account on the agreed date. These loans suit small, one-time cash gaps but become costly if rolled over.
Installment loans spread repayment over several scheduled dates, often matching your pay cycle. You pay part of the principal plus interest each time, so the balance drops steadily. This option may work better for larger, unexpected bills.
Eligibility Requirements
Direct lenders set their own rules, but most ask for the following:
- U.S. resident, 18 or older
- Regular income of at least $800-$1,000 per month (paycheck, benefits, or self-employment)
- Active checking account for electronic deposit and withdrawal
- Valid email address and working phone number
Lenders usually run only a soft credit pull through databases like Clarity or Teletrack. A soft check does not lower your FICO score.
Benefits of Using Direct Lenders Through a Matching Service
Working with one direct lender can feel secure, but sending dozens of separate applications can expose your data. 24CashFast limits that risk by sharing your information only with screened lenders that responded to your request. This combined approach offers:
- Faster answers — most decisions in under 2 minutes
- Higher approval odds — you reach many lenders at once
- Control — you choose the single offer that fits your budget
- Less data exposure — one encrypted submission instead of many
Your Rights and Protections
Federal law requires lenders to show the exact finance charge and Annual Percentage Rate in a clear box on the loan contract. Many states also cap payday loan amounts or APRs and limit rollovers. You may cancel the loan at no cost within a short “cooling-off” period in some states (often by the next business day). Always read your contract and ask the lender to explain anything you do not understand.
Why “Guaranteed Approval” Is Misleading
No lawful U.S. lender can promise 100% approval. They must review your ability to repay under the Truth in Lending Act (TILA) and state laws. Ignore ads that claim “no matter what” approval — they often lead to scams or illegal offshore lenders.