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Short term loans at their finest and easiest.

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Great when you want to change your vehicle.

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A helping hand is always appreciated.

Advantages And Disadvantages Of Direct Lenders UK
Loans are basically available in two types: direct lenders and brokers. The direct lender can be a bank or a lender that deals directly with the borrower. This means that the source doesn’t need to work with a middleman in processing the applications, sending the funds, and receiving the payment. On the other hand, a broker, which is also called as the matcher, acts as the middleman between the lender and the borrower. As the intermediary, the broker presents the products to the borrower.
Advantages Of Direct Lenders
There are several direct lenders available nowadays, each promising a better lending experience. But what benefits should the borrower expect from a direct lender UK? First, direct lenders are in charge of the entire lending process. Meaning, the same company accepts your application and sends This is the best option for borrowers who don’t have so much time in waiting for the application to be approved. Because you’re dealing with the same company the entire time, your fund will be sent faster. In fact, most lenders nowadays can even send your money on the same day of application. Another reason for choosing direct lenders over brokers is that they keep your personal information safe and secured. Unknown to many, most matches earn money by selling their clients’ personal information to third parties, who make money too by calling you for additional loan offers. The direct lenders, on the other hand, keep all your personal and bank details safe and protected. As a borrower, you need to double check the company by calling it and asking their terms and policies.


Disadvantages Of Direct Lenders
On the other hand, direct lenders also have their cons that borrowers need to consider as well.
Primarily, since a direct company is a single company, comparing loan is not applicable. The company cannot choose any other product that is suitable for you unlike with brokers. Meanwhile, since brokers have partnered with multiple companies, they can easily find the best lender that would match your qualifications. Unfortunately, choosing a direct lender means shopping around to find which works best, on your own. This necessarily means walking around and personally asking the lending companies about what they in store for you.
Another pitfall is that your credit history might be used as a basis of the direct lender. On the contrary, a broker can find you directly a lender that won’t need to check your credit history. Therefore, if you worry about your poor credit remarks, it’s best to ask assistance from direct lenders.
A direct lender has its fair share of pros and cons and it’s basically up to you if you will go for it or not. To end up with the best financial decision, it is recommended to perform a research first on your prospect source of fund and the potential company that you’ll be dealing with. Make sure that the company you’re talking to is legitimate so that you will not end with a scam. Moreover, you can always seek professional advice from the people you trust.
See How We Compare to Some of Our Competitors
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Representative Example: Amount of credit: £500 for 12 months at £58.74 per month. Total amount repayable of £704.00. Interest: £204.00. Interest rate: 53.58% pa (fixed). 68.7% APR Representative.
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Representative Example £300 loan repayable over 6 months at £94.50 per month, Rate of interest 89% fixed; Representative 976.5% APR, Total Amount Payable is £567
5 most recent personal loan reviews

Responsible, Trustworthy and Thorough Boy are they everything I've mentioned in the title. These people have a very thorough process of money lending and repayment from the start to throughout the process on repayment. I'm a guarantor and I'm always told if there are any problems with the repayment. If not, I don't hear from them. They are very professional in the approach of lending money. They will advice a budget plan is completed so you know exactly how much needs repaid. Staff are very friendly and helpful. Things are pretty straight forward with Danske.
Review posted by Justin Browne, Burnley
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Applying for a loan from Albemarle; the process was very easy, filling a form out online and then phoning Albemarle. A very nice young lady took the call and dealt with the application in a quick and efficient manner, after supplying the relevant information, and having it checked the loan was approved and the money was in the bank within a couple of hours. All in all an excellent company, the staff were very helpful polite and very efficient.
Review posted by Barbara Valkeith, London
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Review of 3 Month Payday Loans U
Amazingly quick, just 24 hours. They check to make sure you can really afford the repayments. My guarantor wasn't a home owner just had a good credit history. Very pleased with every aspect of the service they have provided. Would definitely recommend to anyone.
Review posted by Tracy Egerton, Rushden
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Representative example: £400 borrowed for 90 days.
Total amount repayable is £561.92 in 3 monthly instalments of £187.31.
Interest charged is £161.92, interest rate 161.9% (variable)