10 Reasons to avoid Loan Brokers

1
10 Reasons to avoid Loan Brokers
2
Reason 1

• The are an unnecessary complication created to
  just make money

3
Reason 2

• They do not really care if the product is right
  for you, they just want the commission paid by
  the lender

4
Reason 3

• They can afford to pay the most to be at the top
  of Google and other search engines. This means
  the the direct lenders have to charge their
  customers more

5
Reason 4

• Brokers are only going to sell the leads on to a
  direct lender for a profit. They will sell to the
  highest bidder

6
Reason 5

• Some brokers charge application fees and then
  still charge the lenders a commission

7
Reason 6

• Brokers will sell your data to as many people as
  possible to get as much money out of it as
  possible.

8
Reason 7

• Brokers confuse the picture by looking like
  direct lenders and hiding their true identity
  from the customer

9
Reason 8

• They have no real role, they do not add any value
  at any stage of the loans process

10
Reason 9

• They do not play fair, they cause a lot of the
  bad press in the media, particularly around
  payday loans

11
Reason 10

• Brokers do not lend money, they just pass the
  customer to the real lender a completely
  unnecessary part of the process.