Finance

Direct Lender vs. Third party lender – A comparison

Payday loans are the life savers in emergencies, especially when your credit score prevents banks from lending a loan to you. Although they come with higher rates of interests, the short time gap between application and approval soothes the hesitation. When payday loans seem to be the final resort, you should go for them, but a few things need to be kept in mind. The lender choosing process must be accounted for rigorously to curb the risks involved. You should approach direct lenders instead of third party lenders or brokers. And why exactly should you do that? Let us compare both kinds of lenders using a realistic example. Eddy, a middle class bachelor found himself in an emergency situation where the only solution seemed to be a loan. His spendthrift attitude had already placed

Read More