The services of a direct cash advance lender are better than those companies that refer your applications to other lenders in following ways:
" Low Interest Rates:
In case of payday loans, interest can be as high as 30%. So when you are looking for this, make sure that you select a direct cash advance lender only. There are other companies that forward your loan applications to these lenders and charge commissions thereby making the cost of loans go even higher.
" Licensing:
They are licensed to provide loans and hence are more reliable than other companies. With so many online frauds happening all over, taking loan from a trustworthy lender is very important. If you are a beginner when it comes to taking loans, selecting such lender is critical as you may not be able to distinguish between the one with a legitimate license to provide loans and the one without any.
" Credit History:
Such lender doesn't check the credit history of a borrower much. So people with no credit history or a poor credit history can opt in for direct cash advance lender for meeting their day to day requirements of loans. When it comes to no fax process, a direct cash advance works even more efficiently and one can use the funds immediately.
" Established Websites:
They have their own established websites where they post their terms and other conditions of the loan. There websites take online applications from the borrowers and provide a fast access to funds.
How to Select a Direct Cash Advance Lender?
Selecting these lenders may turn out to be a tough job if you are applying for the loan for the first time. But a careful search can make a lot of difference. For an online cash advance, make an extensive search and check the rates being offered by various websites.
Though it is quite reasonable to take the services of direct lenders, some of them can really come up with very strict rules regarding the repayment. It is therefore very important to read the agreement carefully and understand it well so that you may not end up engulfed in a financial chaos.