Money is never enough and payments are exhausted within a week’s time of payday. But life does not stop just cause our payments are exhausted. Every other day life throws a surprise and some surprises leaves a hole in our pockets. Be it medical bill, care repairs, sudden mandatory trip, or anything else, all these things cannot wait till the next payday. All of us have faced this situation once in our life. Not all of us have the savings to take care of such problems and not all of us have affluent friends and families to run to. This is when payday loan direct lenders come in to rescue.
Direct lenders for payday loans are lenders, which facilitate short-term loans for people in urgent need of money. They are not like traditional banks, they are quick and efficient. They serve the purpose to the fullest and can be trusted upon, in the time of need. They just expect us to fill a simple online form and the money will be in our accounts within a day’s time. There is no requirement of faxing of documents making it even more easy and safe.
Due to its sudden surge in demand, there are many payday lenders available on he Internet but the safest ones are the direct payday loan lenders. Some of the advantages of direct payday loans and lenders are as follows:
- Lower Commission Fees: There are many websites that have a list of various payday lenders. They generate the lead for payday and pass it on to the lender. The lender has to pay commission to these websites or companies for providing the lead. The lender will obviously charge the borrower a higher interest rate in order to pay the website or the company. If you take the loan from a payday loan direct lenders only, you will save on that percentage of interest rate which was going to be paid to the website or the company providing your lead to the lender.
- Direct Online Application: The payday loans direct lenders only will expect you to fill a simple application form for his usage and will not be shared with other lenders which may happen in the websites hosting various lenders and providing leads for potential borrowers.
- Latest Information: If you borrow from the payday loans direct lenders you are in the position to ask for additional information about the lender before sending out your bank and personal details. This means you get a chance to know if the lender is genuine or not much before you have applied for the loan.
- State Regulatory: Direct lender payday loans are licensed and legitimate companies, which are conforming to the laws of the United States. This way you are sure to get a loan in legally right way to avoid further complications of borrowing.
- Consumer Protection: most of the direct lenders for payday loans only are members of ‘The Community Financial Services Association of America’ which ensures that payday loans are safe and a viable option for the borrowers who can even get a loan without a bank account.
- Reputed Companies: Most of the payday loan direct lenders have been in payday business for years and have earned a good reputation. They are also a part of CFSA to promote clean transactional atmosphere for the borrowers and lenders.