- October 1, 2021
- Posted by: Stratford Team
- Category: Business
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own.
Direct deposit loans may seem like a quick, convenient way to get cash until your next paycheck — but their sky-high fees can trap borrowers in a cycle of debt. (iStock)
Direct deposit loans are another term for payday loans but instead of receiving funds in the form of cash or a check, they’re deposited directly into your bank account.
These loans may seem like a quick and convenient way to cover immediate cash needs until your next paycheck. But their sky-high fees can trap borrowers in a cycle of debt.
Here’s what you need to know about direct deposit payday loans, as well as some alternatives for when you need cash quickly.
If you’re looking for a…