What the in crowd wont tell you about direct loan lenders – they may not tell you that loans can be for up to 25,000 and once agreed can be paid directly into your agreed bank account.
They may not tell you that direct payday loans are different to typical payday loans as when you apply for a loan the money is funded directly from the direct payday lender and not through another lender or through a broker
They may not tell you that applications for payday loans for direct lenders is through the lenders own website and is usually a quick and simple form to complete.
By applying for payday loans through direct lenders it makes the application process a lot quicker as it can be approved fast.
They may not tell you that direct payday lenders are the ones that are providing you with the funds, so your details are solely with them.
Unlike other payday loan applications that are filled in with a broker who then sends your details on to other payday lenders.
By using direct payday lender’s, you can sometimes save on broker fees.
They may not tell you that by applying for payday loans direct with lenders the application process is usually very quick as it isn’t sent to a third party.
The application form only takes a few minutes to complete. The direct payday lender will then carry out an affordability and credit check.
When this is reviewed a decision will be sent to you on whether you have been accepted or not.
If your application for a payday loan is accepted the lender will get in touch to ensure all details are correct before releasing the funds.
If all is correct then the lender will release the money to your approved bank account.
They may not tell you that to be accepted for payday loans through direct lenders you need to be 18 years old and over, be a resident and have a regular income.
If you meet the above criteria checks will then be carried out and you just need to wait and see if you are accepted.