Short Term Loans Direct Lenders – when you need a short term loan, you could turn to a number of private lenders that might be willing to offer you anywhere from a hundred to several thousand pounds, with or without any security and depending on your credit history.
Searching for short term loans direct lenders?
Some lenders will be stringent with their credit requirement. Most lenders would have explicitly stated policies pertaining to secured and unsecured loans.
Among all the choices at your disposal, you would come across short term loans direct lenders and facilitators. There are peer to peer lending networks, brokerage firms and you would also get to deal with websites that would connect you to multiple short term loans providers.
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 may choose to deal with any such facilitator or you may want to deal with short term loans direct lenders.
There are some notable advantages of dealing with short term loans direct lenders. We shall explore them as against dealing with facilitators or brokerage firms.
Short term loans direct lender companies
The first and the most significant advantage is the fact that with short term loans direct lenders you would be dealing with the lender without any intermediary. Hence, there is no scope of misrepresentation of facts, hyping up claims or even misleading on the exact provisions of the loans.
It is not uncommon for some facilitators to bend the rules of the game and to mislead the borrowers. Unless short term loans direct lenders are themselves deceptive, you would not get a raw deal because of some blatant misrepresentation.
When you deal with facilitators, you may be influenced to choose a particular lender over others. It is common for such websites or brokerage firms to be commissioned by various lenders and whoever pays the company more will get the advantage of being highlighted as a better option.
Such recommendations or influencing may not be in your favour. You may not get the best loan or the cheapest rate of interest. You may be quoted some wrong policies or what are not exactly accurate and thus you may make a wrong decision.
When you deal with short term loans direct lenders, you get to know the exact costs or rates and everything is lucid. With facilitators, there could be processing charges or approval facilitation fees and many other charges that would be unduly levied on you.
It is best to avoid all such possibilities by going straight for the short term loans direct lenders. Click on the direct lender banners on this page to get more details.