Payday Loan Direct Lenders Why use a direct lender as opposed to a broker?

Searching for a payday loan lender on your own could be frustrating especially if you are one of those individuals living on benefits. There is also potential of being rejected by the lender who are not specialists of JSA payday loans or they have a risk of being charged extremely high rates.


Brokers have a wide network of lenders and could be very helpful in connecting borrowers living on benefits with the appropriate lenders who will be willing to give out these loans. Once the borrower fills out their online application form, the brokers will send the application to their affiliate lenders. Of course there is an extra fee for this service.


The fee is either paid by the borrower or the lender giving the loan. The lenders who are willing to extend the loan will call or email the borrower offering their service. The borrower can then choose the best terms among all the lenders before finally selecting one that they can do business with.


Carefully consider applying for a loan that is just right for your specific financial needs. It depends on the amount that you borrowed and the duration of the loan term payment is when you will find out that loans of this kind is actually an expensive type of credit. It is not appropriate for long term loans or if you are in deep financial crisis. All the loan applications are subjected to affordability and creditworthiness checks and should comply with the terms, conditions and status of the lending company.



How to Get a Payday Loan No Credit Check? Why payday lenders aren't interested in your credit history.

For some people, getting a short term loan is the best route to meet their spending needs for an emergency or unforeseen cases. This can come by means of advancing their salary by getting a loan from payday lenders. It is a common practice in the UK as there are about half of employed individuals getting this short term loan on regular basis for various reasons.


Since the short term loan industry in the UK is a booming one, it is common to find lenders like https://www.paydayloansnow.co.uk/payday-loans/ offering payday loan no credit check. This means that you can apply and be accepted to a payday loan even if you have an awful credit rating or no credit history at all.


For lenders of short term loans, credit rating is not their main criteria for accepting or rejecting the loan application but the employment status and financial details through the bank/current accounts. From the term of this loan product, these lenders will ask for the current account of borrowers applying for this loan and this account should be the one where the borrowers' salaries are deposited.


In other words, employed with stable source of income is the main criteria by these lenders instead of the credit rating. This is also the reason why many people think payday loans as a form of cash advance.


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How to Get a Payday Loan?

The process is pretty simple and straightforward. Also, it is made in such a way to get rid of hassle for the borrowers as the steps are created conveniently.

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Payday Loan Lenders

In UK, there are hundreds or even thousands of payday loan lenders. The government oversee and control this industry through the FCA and thus, borrowers are advised to deal with lenders authorised by the FCA.

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Get the Best Loan Deal

Come up with a shortlist of the reliable, popular and authorised lenders and after that, borrowers are encouraged to do comparison of the loan products and services. It is a form of safeguard for the borrowers.

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