What are cash loans? 

Sometimes getting a loan with intermediaries who act as the third parties can be complicated if you need cash advance loans urgently.

Even after going through various agents, your loan may not be approved after all. In such situations, consider getting cash advance loans without intermediaries by looking for a direct lender.

How much can you borrow with a cash loan?

You can borrow cash advance loans of up to $1,000 depending on your type of emergency. After running industry affordability tests, they gauge if you are approved to get the cash loan or not. You may be required to provide your payslip for them to verify your financial credibility.

What can you use cash loans for?

You can use your loan to pay off an emergency bill or expense you have. It is up to you. It should not be used for frivolous purposes such as a holiday or some other consumption.

How do you get a cash loan?

Simply apply online. Once you have submitted your data the lenders will have a look at your credentials and decide whether they will lend to you or not. The process is simple and takes around 5 minutes.

Cash Loans From 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 for 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.

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 your 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.

In order to get a cash loan here, you have to apply directly to their website since they do not offer broker services.

Third-Party Cash Loan Lenders

When you take a cash loan from a direct lender without involving a third party, you do not have to keep track of 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 a commission for forwarding your application to a lender.

 

cash advance payday loan

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 cash loans

Using a direct lender means that your cash loan has a likelihood of being approved even if you have a poor credit score.

Transparency of cash loans

Working with no intermediaries eliminates any fishy business transactions in between, such as hidden fees or brokerage fees. You, therefore, end up spending less on loan repayments after getting cash advance loans without intermediaries. As a borrower, there are no application charges that you will be asked to pay by a direct lender.

Cash Loan Privacy 

Information such as financial income data is very sensitive and you probably do not want it to fall in the wrong hands.

Cash Loan Lenders selling your data

Did you know that loan lenders sometimes sell your basic information? Your 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 ensure that your data remains secure only in the hands of your direct lender. With the rise of scammers, do not fall prey to this game by giving out such vital information to untrustworthy third-party sources who may not even have funds to lend you.