LOANS FROM DIRECT LENDER
More often than not, emergencies that happen to us from time to time require additional funds. Sometimes money even solves the question of life and death, so getting it in the shortest possible time is very important. Unfortunately, friends cannot always lend you the amount necessary to solve problems, so many people turn to the bank to get a loan. However, banks sometimes take days or even weeks to review and approve an application. In addition, one bank may refuse you and you will have to go to another and wait again. But what if you’re faced with an emergency and can’t wait any longer?
A LOAN FROM A DIRECT LENDER IS THE BEST SOLUTION TO YOUR PROBLEM!
Many people wonder if there is a difference between traditional loans and Payday loans from a direct lender. If you think there is no difference, you are mistaken.
Traditional lenders provide you with a loan at interest for a certain period of time, but no one asks where the lenders get their money from. Of course, the most logical answer is the bank, and it is true. Traditional lenders take money from a bank and lend it to you at interest, acting as an intermediary between you and the bank. Thus, you overpay not only the bank, but also the creditors for their work. However, why do you need an intermediary if you can find a direct lender?
This is the difference, direct lenders give borrowers their own money, and do not take it from the bank. This way you only work with one company instead of several. In the case of traditional lenders, you don’t even know who you owe money to – the bank or the lender.
WHAT IS THE CONVENIENCE OF A LOAN FROM A DIRECT LENDER?
As you can imagine, traditional lenders send your details to the bank, and there they make a decision on approving your loan. Thus, you spend a lot of time waiting. By working with a direct lender, you will not need to wait for a response from the bank, as the direct lender will be able to give you a loan the same day you applied. Sometimes, in emergency situations, money is needed immediately, and the fastest way to get it is to use the services of a direct lender.
WHAT ARE THE REQUIREMENTS FOR OBTAINING A LOAN FROM A DIRECT LENDER?
In order to get a loan, you do not need to spend a lot of time and meet a large number of requirements. Of course, direct lenders have their own selection criteria, but they are not strict. Thus, you need:
- be at least 18 years old
- be a us citizen or an official resident
- have proof of a permanent source of income
- have a government issued ID
- have a permanent residence address, telephone number and email
- active bank account
Remember that the lender may ask you for other necessary documents to check your creditworthiness. It is also worth noting that the better your credit rating is, the better the interest rates on the loan will be.