UK Pay Day Loans

Direct Lender Loans - The Pros and Cons

Whenever you need to borrow money online most websites will advise you to do so from a direct lender. In most cases, getting a guaranteed cash advance from direct lenders, even with bad credit is often very straightforward, quick and informal. Usually it doesn't even require any paperwork at all. But there are more reasons why you would want to borrow from the actual lender instead of going to a broker.

Unsecured Short Term Loans

Costs Of Credit From Direct Lenders

If you take some time to do a little research on the web, you'll soon discover that borrowing directly can be a lot cheaper than going through a broker. Brokers have to make commissions, which means they are always more expensive. Another benefit of dealing with a direct lending company is that they will often give you a little more leeway when applying for a loan on the internet. This could be either in the form of more time to repay, or a lower APR (Interest Rate). But the downside is that you don't get to compare what you're offered in the loan.

Benefits of Personal Loan Aggregators - It's Not All Bad News

Brokers are often also referred to as loan aggregators. While there are some benefits of dealing directly with the lender when you need a short term personal loan, dealing with an aggregator or loan broker also has its own unique benefits. Here is something that most websites operating a direct lending service don’t want you to know; a loan broker helps you compare loans from different lenders. This could potentially help you find pay day loans with a lower APR than a direct lender might offer.

While applying with a broker may take slightly longer (just minutes usually), it really isn't as bad a s some direct lender would want you to believe. It is in the direct lenders' own best interest to scare you away from using a broker. So it might actually be in your own best interest to compare loans before you apply for an unsecured personal payday loan from any lender.

Flexibility In Repayment By Comparing Lenders

Comparing lenders their offers does have some important benefits, and it may not always be a good idea to take the first loan you're offered. Direct lender or not it pays to shop around. As long as your borrowing needs are not an emergency, it might be a good idea to look for short term personal loans that offer more flexibility in repayment options.

Naturally the higher the amount of money you want to borrow, the more complicated the procedure becomes. But if all you need is a quick influx of cash to be repaid within a 5 to 30-day period. It is easy you can apply online directly from our website. We do not require any kind of official documentation or credit check to process your application and your funds could be in you bank account within an instant of submitting your request through our secure system.

We care about our customers we try to get an approval on payday loans from direct lenders as fast as we can so you can deal with any emergencies you may be facing.