Direct Payday Lenders-no Third Party
Direct payday lenders offer cash to manage the unexpected expenses until the next pay check. Such loans are offered to customers irrespective of their credit limit and with the intention of getting the same from the next pay check of the customer. At the time of signing the contract the borrower should submit the post dated checks towards the repayment along with the rate of interest and other charges. Loan amount may vary from $100 to $1500 being unsecured loans the rate of interest is pretty high. However this is not the case with the direct lenders. Because they help the customers with a very lesser rate of interest as they deal directly with the borrower in the absence of the third party or the broker. To qualify for such loans you should be 18, with a permanent stable income and an active savings account. There is no credit checking or no faxing as a result of which the loan amount gets approved in a very short span of time.