Direct Payday Lenders-direct Deal

10/07/2012 08:55


Direct payday lenders offer fast cash loan to customers based on their permanent employment and regular monthly income. It is offered irrespective of the customer's credit history. Hence such loans are available for people with a bad credit history as well. Payday loan is the best way to get that extra cash that is required in times of emergency. But the rate of interest is slightly higher under payday loans due to the high risk involved. However this is not the case under direct lenders, the rate of interest is much lower as compared to other payday loans since they deal directly with the borrower. Due to the absence of the third parties the rat of interest seems to be much lesser. Since these are considered as short term unsecured loans the loan amount may vary from $100 to $1500 and then same has to be repaid within a very short span of time. Repayment could either be made wholly or partly as per the request of the lender.