Payday Loan Direct Lender

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This article contains information about products/services offered by us as well as those that we do not offer.

Author: Internal 

Payday Loan Direct Lender

We provide payday loans on a direct basis and we do not charge any fees for applying to us.

When you receive a payday loan directly into your account from the firm that provides you with the loan, you are receiving the loan from a payday loan direct lender. This company provides you with the money you need in a lump sum and they will collect the loan repayment from you on the stated date of collection, which is usually your payday. The single instalment payday loan can be for a varying amount and the standard payback time is 14 to 30 days.

What is the difference between a lender and a broker?

The most significant difference is the fact that a lender provided the money directly to the customer but a broker acts as an intermediary or agent. If you work with a broker, they will look at a number of different payday loan firms and you will receive an offer of a loan from the firm with the broker acting on their behalf. The broker acts as the “middle man” and they receive commission from the lending firm.

Direct payday lender

If you would prefer to go for a loan directly from the payday loan firm, do not choose to work with a broker. There is no fee for applying for a payday loan when you apply directly but sometimes you will find a broker will charge a fee to assist you in finding the best possible deal for your needs.

Payday loans not brokers

If you are looking for a payday loan without having to deal with a broker, we are more than happy to help. We can offer a range of payday loans that can be paid back over 3, 5 or 6 months. We don’t charge a fee for the loan and we will be able to provide the money directly into your bank account. An increasing number of people are arranging their loans through the companies that offer payday loans not brokers because they want to deal directly with one firm. This ensures that a client’s details are only being provided to one company.

Payday loan direct lender only

When you take out a payday loan direct lender only loan, you only ever deal with the company. This means that there is no involvement with a broker of any kind. If you are unsure as to who you are dealing with check out teh website. New rules say that those who only act as brokers must prominently display this fact. There is no harm in asking questions and you should always look to safeguard yourself, your money and your details at all times.

Direct payday loan online

You will find that there are plenty of different companies on the internet that provide a direct payday loan online option. Even undertaking a quick search from your favourite search engine will uncover a number of firms who provide you with the ability to apply online. This means as long as you have access to the internet, you can apply without having to fill in paperbased forms or speak to people. This is a time saving and convenient option for everyone. It can also speed up the process with some online firms providing the opportunity to pay funds directly into your account the same day.

If you don’t have access to the internet, there are stores on the High Street which will provide payday loans. These stores will require customers to fill in forms and provide the required identification and documents to be able to process the application.

We are a direct lender

If you are keen to work with a direct lender, you will appreciate what we have on offer. We can provide a loan up to £300 for first time clients and then we can offer loans up to £500 for repeat applicants. We offer a good selection of repayment terms and the application process is completely automated online. We are able to give you a provisional yes or no there and then, which will help to speed up the process. Once you have received an initial approval, we will run a number of credit and affordability checks on your application to ensure that your loan request is satisfactory. We may ask you for confirmation of your pay slip so we can confirm your salary and that you are in employment and we will always keep you up to date via email.

 

We are an alternative to single instalment payday lenders

We like to think we are able to stand out from the crowd of traditional single instalment payday loan lenders because we allow our customers to repay their loans over a 3, 5 or 6 month period. Some other payday loan firms are keen for you to pay your loan back in one lump sum, which means that we could be considered more flexible. Many people find that they are unable to pay back their loan with a single repayment and the lower monthly payments we offer provides a better way for people to pay back a loan.

While many clients are looking for a payday loan that will be paid instantly to their account, this is not the way that we work. We believe in providing a fair and reasonable service which encourages responsible lending. This means we will take additional checks. This is still a speedy process but it is not an immediate one.

Responsible lending

We are fully committed to responsible lending and this can be seen in the added steps we take before processing a loan and the criteria we set for all applicants. We require all candidates to be:

•                At least 20 years old

•                A resident of the UK

•                Is currently employed

•                Is earning at least £750 a month

Have a look at our Recruitment Video Below

(Please note that this video was produced when 3, 6 and 9 month loans were offered, we now only offer 3, 5 and 6 month terms but the video was so funny we wanted to keep it!!! - we are not trying to provide mislleading information about our product)

 

By Kieran Moulden