Cash advance is a small personal loan which provides you financial aid in times of emergency. You can get cash advances to meet your short term needs, for example, you can pay some outstanding bills, house maintenance charges or your car repairs, you can use this payday loan to cover some unexpected medical expense, etc. Cash advance businesses are popping up all over the US. The cash advance industry is probably the fastest growing lending market on the planet. There are a few direct and indirect cash advance lenders operating in this business. Both are intended to provide a borrower with a payday loan however, there are a few peculiarities regarding these two types of lenders.
Direct lenders for cash advance are working directly with the borrowers. They have established websites posting their loan terms and payment conditions, launching an online application form for applicants to complete and start the application process. You can easily locate them online by simply searching for the right keywords in any search engine of your choice. Cash advance direct lenders charge less in fees and finance charges, due to the fact that they don’t have to add up extra commissions paid to the third parties for directing customers to them. Every payday loan lender ideally provides a fast loan approval service as compared to traditional lending institutions such as banks or credit unions, however direct lenders for cash advance tend to provide loans faster as they deal with their customers directly and don’t waste time with unnecessary delays.
Although direct lenders for cash advance seem more reasonable to apply to, some lenders are known for very strict rules regarding loan repayment. In case you don’t pay back the loan on time, you may be charged a very high late fee, so be sure to read the fine print before you apply even to a direct lender of cash advance.