Applying for a loan from direct payday loan lenders online is fast and easy. A quick trip to a direct lender’s website and a few minutes of time to fill it out and off it goes. Short-term loan companies tend to collect and review applications very quickly as they know the customers are usually in a race to get emergency cash. The whole process could potentially be complete in an hour if there are no problems involved.Once a borrower gets their hands on fast cash, their current financial emergency is relieved. The next problem is paying the loan back in full as it includes both loan plus interest fees. There are only a few short weeks to arrange the funds. Since these loans are unlike credit cards, stretching the payment out over several months or worse yet years, is not a smart financial decision.Coming up with ways to get the loan paid off in the next two weeks is something not to be ignored. It’s important to understand what the company can offer for payment arrangements. Some lenders will allow borrowers to extend their loan. This involves paying the fees and the principle gets carried over for another two weeks. It’s a pricey way to buy more time to gather funds. Direct payday online lenders will expect the fees paid off each time the loan is extended. Not doing so will only put your loan into default and that is another whole set of problems you may not be willing to face. Up to that point, your loan had nothing to do with your credit history, but if you go into default, the collections agency will change that scenario.There are some lenders that will offer what they call a ‘buy down’ where borrowers pay the full fees plus whatever else they can afford towards the principle balance. This is the best option if a full payoff is not possible. With each buy down, the balance decreases which will also lower the amount of fees dues at the end of the term. Smaller fees will give you more money to buy down the balance with. Borrowers who stick to this plan and put everything they have against the principle balance each time, the loan is paid off in a few short months.Some direct lenders will split the amount up into 3 or 4 equal payments. This helps some borrowers plan for smaller monthly payments. Not all lenders offer this option as the interest on these types of payments is much higher than a typical payday loan. Before you choose an installment loan from a payday loan direct lender, make sure you understand the terms and conditions.If you are able to clear up any credit balance, paying your short-term loan off with your credit card is also an option. If your credit card carries a smaller interest fee, it would help your money matters by getting the balance transferred over. Just because that debt is no longer short-term debt, you shouldn’t let it ride out its course on minimum payments. It’s important to pay off your credit card debt as well. Payment strategies are not all about saving a credit score or saving money from interest charges. The more prepared you are for the next money emergency, the less chances you will have to fall back to direct lenders for payday loan help. Get your credit debt paid down as well so you are ready to take on what comes your way. Your credit score, history and worthiness will prepare you to solve your own emergencies. This will bring you financial freedom, little debt to weigh down other needs and a more secure financial future.