Why you should always deal with a Payday Loans Direct Lender Only?
There are myriad types of lenders out there. Other than the banks and traditional financial institutions, you have the loan sharks, payday loan companies, peer to peer lending networks, credit unions and many financial associations.
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Payday loans are desirable for those who have a poor credit score and more importantly when someone needs quick money. Very few lenders will respond in an hour or two.
Representative 277.5% APR - Representative Example: Amount of credit: £750 for 12 months at £119.21 per month. Total repayment of £1430.52. Interest: £680.52. Interest rate: 140% pa (fixed). 277.5% APR Representative.
You can easily get a payday loans direct lender offering you a loan in less than two hours. But you should deal with a payday loans direct lender.
There are many reasons why you should avoid middlemen. It is no secret that the lending industry is loaded with middlemen. Deal with a payday loans direct lender to get the best propositions.
Go direct to the payday lender to save costs
The biggest reason why you should deal with a payday loans direct lender is because of the commissions that an agent might charge. Some payday loan companies will be generous enough not to pass down the burden of the commissions onto the borrowers but you cannot be sure of that.
The commission may be accounted for in processing fees or rate of interest or in any other manner that you may or may not know. Avoid the commissions and get the best loans including terms by going for a payday loans direct lender.
When you deal with agents, you don’t really know if you are dealing with them or if you are actually dealing with a payday loan company via them. In some cases, the agents may not get you any contact or correspondence with the payday loan company.
You may be offered a certain loan with a certain rate of interest that could be much higher than what the payday loan company actually charges. Even the loan amount may be reduced to facilitate other lending of the broker or agent.
You need to protect your interest and get the best deal. The only way to do that is to contact a payday loans direct lender.
We have Payday Loans Direct Lenders on this website for applying directly to online and we never charge you a fee.