Payday Loans Direct Lender: Why You Should Consider a Short Term Loan Instead
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Payday loans direct lender companies, particularly the larger ones, will try to convince you that taking on a payday loan is your only option. You may think they're right. After all, you've been hit with an unexpected shortfall or a hefty bill that you can't pay. What other options do you have? Payday loans UK lenders aren't the only people you have to deal with though. If you're in regular employment, then there's no reason why you can't try and take out a short term payday loan instead. But what's the difference? Is that better for you? Read on to find out more.
Why A Direct Payday Loan Lender Should Be Your Last Option
When it comes to looking for a loan, there's one thing that stands out as a road block for many applicants: credit history. Because of this, it can seem easier to deal with a direct payday lender that "claims" not to care about your credit history. However, it doesn't necessarily mean that this is a better method and in itself can be misleading. Of course they care about your credit history, if I said to you that a customer had had 10 loans and credit card, including 2 payday loans in the last 2 months and defaulted on them all, would you lend your money? No, well neither would a lender. In most cases when referance is made to lending to people with poor credit history what is actaully meant is that lenders are prepared to overlook maybe a defaulted loan 3 years ago provided that you have some recent 'good' borrowing history. So what can you do before you take out a loan? Well, the first action is to see if there is a friend or family member who would be willing to lend you the money. While, like many, you may feel some level in shame in this, it can be a very wise choice. It's unlikely they'll charge you any interest after all! However, for many people, that option just isn't feasible. After this point, you should consider trying to work something out with the source of the bill or expense. If you've had your car fixed, try and reason with the garage who fixed it. If it's an energy bill, contact the suppliers directly and try and come to an arrangement. Sometimes, this may work because the creditors may not want the hassle (and cost) that comes with chasing you up for payment, and would rather get a guarantee from you on when you can pay. These are a few of the things you can pursue before you try and apply to a payday loan lender direct online.
So Who Is The Best Payday Loans Direct Lender?
It's a tough question. As we've stated, a payday loan should be your last option - so the best payday loans direct lender would probably be the one that offers the best rates. But, if you're not careful, you could end up with a payday loans direct lender that isn't very understanding if you fall behind on your one repayment on the loan. So what else can you do to avoid these traditional payday lenders? Well, thankfully, there are other types of payday lending. For example, there's a short term monthly instalment loan. Instead of paying back on payday, you pay back over a number of months - depending on what you choose. This ensures that you're not paying back the full amount when your wage arrives (although this method can work out more expensive overall). With a direct lender single instalment payday loans online, you can end up having to rollover your loan or take on a new one to pay for the shortfall caused by paying off your last loan. Confusing! However, a short term instalment loan will not see you pay back the full amount in 1 go - allowing you to stretch out the payments and pay it off bit by bit. At True Blue Loans, this is what we do. We even allow our customers to pay back their loan, and the interest to that point, as soon as they like. So borrowers can treat it like a payday loan, but also have the fall-back of being able to split their payments over a few months if that's not possible. It's a win-win situation!
Why Not Apply To True Blue Loans
Now that you can see the advantages of approaching a short term instalment loan lender, instead of a traditional 1 instalment payday loans direct lender, you've probably reached a pretty informed decision. We hope that your decision involves us at True Blue Loans. We don't charge any unnecessary fees to our borrowers, and will always treat you with compassion, dignity and respect in the event that you tell us that you're struggling to pay. Visit https://trueblueloans.co.uk to apply today. If you would like more information, you can email us via [email protected] or call us on Skype: 01284 724651.