If you have decided to get a payday loan online, the very first thing you should do is to find out how to find the best payday lender. Nowadays there are a lot of companies offering fast cash loans. If you have already started to look for the lender online, you must have found a huge number of emergency loan offers from intermediaries. Is it a good idea to accept their offer or it will be better to borrow from the direct lender? To answer this question, it is necessary to consider how these two types of borrowers differ.
What should you know about intermediaries?
Intermediaries or mediators are companies, which work in the sphere of online cash lending but they don't provide you with money directly. Intermediaries have their own network of direct payday lenders. How the system of lending via the go-between companies work? Applying for a payday loan via such lenders you will need to fill out an application form mentioning all your loan preferences. When the intermediary will get your loan request form, they will contact you after some period of time. This time will be used to find the best deal for you.
By giving preference to third-party lenders you save time, which you need to spend while looking for the direct lender like HartLoan on your own. The only thing that make people doubt about lending via the third-party lenders is that they worry about their personal information. You should understand that here everything depends on the trustworthiness of the company.
Choose the instant loan lender after you have read reviews of their clients and learned more about terms and conditions of lending services. Take into account that you won't be able to contact the lender directly. You will have to inform intermediary, who will arrange everything.
What Can a Direct Lender Offer You?
Getting a payday loan via the direct lender you can enjoy certain benefits, but first check whether this lender is in OLA. First of all, the loan decision will be almost instant. You will be able to ask all questions directly and understand if you feel fine with all conditions or not. This option saves times as anytime you need to communicate with the direct payday lender, it won't be a problem.
You will be able to save money as well. The services of no third-party lenders are going to cost you less as the previously mentioned companies will take some interest for their services provided. Sure, that borrowing directly can be much safer. But you should realize that you don't get 100% safety guarantee getting a payday advance via the direct lender as he also can be a fraudster. In order to avoid risks, you should check out how reliable he is by contacting the customer support service. So, before applying for instant money, make sure you have checked out:
- Lender's contact information;
- Reviews left by the customers;
- Lender's license.