Payday Loans always stay in upfront position to provide financial assistance in utmost money needs. Receiving instant cash up to $1500 is not an easy matter. Though it demands no credit checks and detailed information of borrower but they surely require high costs. Even their interest rates are so high that borrower is supposed to pay back almost double of what he had borrowed earlier. When a borrower wants to borrow quick cash loans then he come across numerous online cash lenders
available online. Some of them are direct lenders however many of them are brokers that provide you a list of direct lenders. ¬¬When one doesn’t left with an option of borrowing from family or friends, he obviously contacts payday lenders. These loans are also known as paperless as well as fax less loan services because they are completely based on online processing. People somehow find it difficult to deal with paper and faxing work. Keeping in mind their ease and urgency, instant short term loans are set hassle free.
Direct Cash Lenders Canada
Difference between Direct Cash Lender and a Broker
Direct cash lender directly deals with broker. He provides direct cash to borrower. On the other hand, broker is an intermediate agent who provides loan products by various direct lenders to consumers. If a borrower tries to borrow through broker, his personal information will accessed by various lenders; so there will be no guarantee of personal security. Moreover they will never transfer funds directly to your account they will just provide you direct lender from whom they will get their commission which will be further received from borrower in name of loans cost. However if one will borrow from direct lender he will not be supposed to pay that extra cost. There will no extra charge implication while applying through direct lenders.
Ease of Direct Lending
While searching on any search engine, you will come across various direct lenders. Borrowing from them is just a 10 minutes process. All you need to do is to fill out online application form along with very few personal details especially your current bank account number. All cash transactions will be performed via this account whether it’s borrowing or paying back. After evaluating your eligibility criteria, cash is promised to transfer into your bank account within one business day.
But somehow if you don’t have internet access, you can visit nearby direct cash store. You can fill your form there only and your eligibility will be evaluated then and there only. If you succeeded to qualify, you will be handed funds on the spot immediately.
Direct Lending Repayment
Repayment also becomes easy when it comes to direct lending. At the time borrowing you will give advance checks to your lenders. Lender will connect automatically with your account number. On the day of repayment, he will apply that check in bank; all you need to do is to maintain enough bank balance that can fulfill repayment criteria. In any case if you find yourself running out of money to repay, then you can inform your lender prior to repayment date so that he can extend repayment period by paying some extra fee.