Red Payday is not a part of any financial monopoly or organization. It is not an actual lender; rather it is an intermediary loan agent. It neither lends direct loans to borrowers nor does it plans out any loan policy. However, it helps the customers to connect with wide range of direct lenders. To apply for short term payday loans, you are supposed to fill and submit online application form with basic personal details and active bank account number present on our website. It is an easy process that can be completed in few minutes. Submitting application form does not ensure any payday loan approval; it requires a further deep processing. For so, your application form will be forwarded to direct lenders present in our network. The lenders will then review your application form to evaluate your eligibility and to decide the extent of loan amount for you. The best suited lender will then sent you a loan offer with a statement including interest rate and other loan costs involved in lending process. Now, it is up to you that whether you want to accept or decline that offer. You can take this decision by reviewing the repayment terms and loan policy. Red Payday is completely out of it. Weigh the pros and cons of short term loans borrowing at your own. As a dedicated and responsible organization, we try our best to provide accurate, complete and up-to-date information regarding payday loans to our customers.
Let us talk about accepting an offer now. If you are convinced with lender’s loan terms and is ready to accept the offer, then provide electronically signed documents. Right after verifying your documents, loan amount will be directly deposited to your mentioned bank account by the lender. We want to make it very much clear that some of the reputed lenders in our network may want to review your credit history before finalizing loan deal. It is just to lower down or diminish the repayment risk. Credit rating generally helps us in ensuring that borrower can meet repayment terms and have never been defaulted for previous loans. This verification will not affect your credit history at all. Red Payday and our network lenders do not imply any obligation on customers to accept loan amount once the offer is made.
Red payday holds full authority of altering whole or a part of website without any prior notice to any guest user or borrower. Every change is effected from the very moment it is published. It is user’s responsibility to review the website before using it. Even if user is registered with some product or services mentioned on this website, then it is prime duty to stay updated with revisions before agree with them.