Are instant payday loans a good choice when we need money fast due to some emergency? When we say that, we should always keep in mind that interest rates could be up to 30% for a time period of 4 weeks or less. Evidently, this type of short-term loan is not cheap and saving money is not the last thing to think of when applying for your next payday loan. That said, instant loan direct from lender seems to be the least expensive option due to the below listed reasons.
Instant loan direct from lender is the cheapest option available today and there’s only one simple reason for that;
By going with direct lenders you do not have to pay commissions to 3rd parties other than the lender, as you may know that because of high demand for this type of loan a lot of agencies are generating leads for direct payday lenders, sending them the prospective borrowers and receiving their commission share every time the lead converts into a sale.
This is the best tip to saving money when you search for a payday lender just add “direct” to your search engine search, and you are sure to get a few direct lenders that you can apply to within minutes. Though be sure to read their terms before signing up with them, as you don’t want to miss some important information, for example, if there are any hidden fees for extension, etc.
Nevertheless, they are beneficial for one more important reason – all direct lending companies are registered and licensed, so you can be sure you’re not being cheated when dealing with them.
So, if you would like to save money your only choice is to apply for a direct payday loan.
Finally, comparison shopping and doing a thorough research of different direct payday lenders, you can find the lowest interest rates in the market, and the fastest possible deposit of funds. However, it is recommended to go with the most reliable and trustworthy direct payday lender.