When dealing with direct payday lenders borrowers need to be careful. In order to insure they get the best deal available on a loan, customers must make sure that the company is indeed a direct lender and not a loan broker, as the two are quite similar.

Direct loans come straight from the source. You are meeting the company that is literally giving you the money. However, loan brokers employ different lenders to act as intermediaries between them and the client. This will often result in increased fees and higher interest rates of up to 30%.

Direct lenders are quick to review an application and respond. You can have the money within a few hours, sometimes even sooner. The entire process can be done online.

It is vital when looking for a loan to know who you're borrowing money from. Do not be tricked into paying a lot more for the loan than you should. (visit site)