Sometimes getting a loan with intermediaries who act as third party can be complicated if you need cash loans urgently. Even after going through various agents, your loan may not be approved after all. In such situations, consider getting cash loans without intermediaries by looking for a direct lender.
Examples of direct lenders
Get a short term cash loan from this direct lender even if you lack good credit. You may be wondering what is different in applying a cash loan from a direct lender. Try out this online service and get answers to your questions. At capital payday cash, your application is processed directly without involving any kind of intermediaries. Get some peace of mind knowing that your application reaches a direct lender easily without interference from a third party. This service gives you cash loans by removing strict conditions such as collateral, faxing, credit checks and teletrack. The platform helps you save time by eliminating loan agents.
In order to get a cash loan here, you have to apply directly on their website since they do not offered broker services. You can borrow cash loans of up to $1,000 depending on your type of emergency. After running an industry affordability tests, they gauge if you are approved to get the cash loan or not. You may be required to provide your pay slip for them to verify your financial credibility.
Direct lending from Wizzcash means that you will not be asked to deposit any fee while applying for your cash loan. There is also no brokerage fee required for your loan to be approved since intermediaries are not involved in the process. What makes it more interesting is that when you make an early repayment, you will not be charged any kind of fee. With all these opportunities, what possibly could you be waiting for? Get you cash loan without intermediaries from wizzcash.com
Merits of using direct lenders for your cash loans
Working with a direct lender eliminates intermediaries, making you operate with one party for easier communication. Right from the time you apply for your cash loan, a direct lender is the one who reviews it first, approves it, and does the transferring electronically into your account. They are also the ones who directly collect back repayments from your savings account. This is what differentiates direct lenders from payday brokers.
Bad credit approval
Using a direct lender means that your cash loan has a likelihood of being approved even if you have poor credit score.
Working with no intermediaries eliminates any fishy business transactions in between, such as a hidden fees or brokerage fee. You therefore end up spending less in loan repayments after getting cash loans without intermediaries. As a borrower, there are no application charges that you will be asked to pay by a direct lender.
Information such as financial income data is very sensitive and you probably do not want it to fall in the wrong hands. Did you know that loan lenders sometimes sell your basic information? You information could be circulated among a bunch of brokers. You could receive emails, phone calls and messages from different broker companies.
Prevent this from happening by going for a direct lender when applying for your cash loan. Eliminating intermediaries ensures that your data remains secure only in the hands of your direct lender. With the rise of scammers, do not fall prey of this game by giving out such vital information to untrustworthy third party sources who may not even have funds to lend you.
Getting a cash loan without using a third party assures you of freedom on how you use these funds. Direct lenders do not limit you to a specific need that you must use you loan on. You are therefore free to use this loan in different kinds of emergencies. However, it is advisable that you do not take a cash loan in cases where you don’t actually need one since you have to repay it.
When you take a cash loan from a direct lender without involving a third party, you do not have to keep track on the dates set for you to repay your loan. Since you have given the direct lender all your account details, the loan amount and the agreed fee is automatically debited from your account when payment dates are due.
How do you establish if you are working with an intermediary?
Be keen on upfront fees
A direct lender will not ask you for an upfront fee when you take the first step to apply for a cash loan. An intermediary asks for a fee since they have to receive commission for forwarding your application to a lender.
A panel of lenders
When you research different lending websites, you may find others with a panel of lenders. Such websites simply use intermediaries.