Zip 19 Review

Zip 19 ReviewZip 19 is a service that promises to be able to get you the cash you need and to adhere to responsible lending practices. In a world full of so many shady lenders, it’s nice to see one with such a focus on doing the right thing. Let’s see just what makes them different than the rest.

The first thing you’ll notice is that their site is user friendly and secure, even on the homepage. Their application is simple and straightforward, and there’s plenty of information if you’re new to payday loans.

They offer a toll free phone number that you can call and get answers to your questions, but perhaps the easiest way to go about it is to fill out the application right from their website. Unlike some lenders, you can complete everything required online, which is nice because if you don’t want to you don’t have to talk to anyone.

You can even log in once you are a customer of theirs, which makes the process that much easier if you need to take the money out again. You are then already registered with the site so they have your information and the process is even faster.

Zip 19 Review

Zip 19 makes the process as simple as can be, which is a breath of fresh air compared to other lenders that seem to complicate the process and make you jump through a bunch of hoops. Here it really is a three step process as described, and the application really does take just a few minutes to fill out.

This is an example of a direct lender, so you should have a fast turnaround time as far as a decision goes. This isn’t a matching service, you’re applying directly with the company that will be lending you the money, so it’s often a faster experience than if they have to send it to a lender and wait for a decision. One downside is that if you get turned down you’ll have to start all over with another lender or a matching service.

Be sure that you check the fee structure for your loan because you may be able to get better rates at your local payday lender.

Tribal Ownership
This is an example of a payday lender that is owned by a Native-American Indian tribe. For some borrowers this will not matter one bit, but other borrowers like to know where their money is going and who they’re doing business with. As a sovereign entity they won’t be paying any state or federal taxes, and they’ll also not be bound by federal laws regarding fair collection practices.

Responsible Lending
Zip 19 says that they’re committed to responsible lending, and lists a few examples of what this entails. They say that they allow no rollovers of any loan. A rollover is when you simply pay the fees on your loan again without having to pay back the principal balance. Many states disallow this practice, requiring borrowers to come back with the full amount before letting them loan it out again.

They say there’s no hidden fees, so you simply pay one set fee per $100 you borrow. This is nice, especially when you think of all of the lenders that have fees that pop up out of nowhere, or have a complicated fee structure that makes it hard to understand how much you’ll be paying exactly.

They also stress that these loans are designed to be a short term solution, not a long-term fix. It’s true that a payday loan does not fix anything for the long term, and if used over a long period of time will likely make you worse off than when you started. Under certain circumstances it can be a short term fix, but only when conditions are just right. Be sure that your situation fits this description and that you’ll actually benefit from a payday loan.

Our Recommendation
Zip 19 gets our recommendation as a great place to go for a short term loan with minimal hassle. It’s all done online through their well-designed website, and all of the information is presented to you in an easy to understand way.

Add Your Own Experience with Zip 19 to the Comments Below

GD Star Rating
a WordPress rating system
GD Star Rating
a WordPress rating system
You May Also Like:

Leave a Comment