6 Reasons to Use a Direct Payday Lender and - PowerPoint PPT Presentation

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6 Reasons to Use a Direct Payday Lender and

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If you have questions about the loan a broker is not going to be able to answer them as they are only going to sell the loan onto a direct payday lender. – PowerPoint PPT presentation

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Title: 6 Reasons to Use a Direct Payday Lender and


1
6 Reasons to Use a Direct Payday Lender and Not
a Broker
2
Reason 1
  • Payday Loan brokers will only sell your lead to a
    lender anyway, so why not go straight to the
    lender.

3
Reason 2
  • Many brokers make their sites look like a lender
    to fool visitors into applying.
  • The details on the broker site, like APR cannot
    be accurate as they are not the ultimate lender.

4
Reason 3
  • Some brokers will charge an arrangement fee,
    maybe as much as 70 just for handling your
    application. They will then still sell your
    application to a lender.

5
Reason 4
  • A lender will conduct one credit search whereas a
    broker may sell your data to multiple lenders who
    will all undertake their own credit search.

6
Reason 5
  • If you have questions about the loan a broker is
    not going to be able to answer them as they are
    only going to sell the loan onto a direct payday
    lender.

7
Reason 6
  • A broker only cares about selling your
    application. They have no interest in finding you
    the right product for your circumstances.
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