Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

A Guide to Getting the Best from Direct Lender Payday Loans

By Phoenix Payroll Ltd Subscribe to RSS | May 17th 2012 | Views:
loading
 
  



Sometimes, everyone needs a little extra cash to help them through a financial rough patch or pay an unexpected bill. This is what payday loans were designed for – to allow borrowers to take out a small loan for a short period of time when they need it most.

The idea is that you borrow just enough to cover your immediate expenses, and repay the loan (with interest) when your next pay cheque arrives. The positives in this arrangement are that the money usually arrives very quickly (within minutes, in some cases), and loans are available to people whose credit isn’t as good as it might be.

The flipside is that there’s no limit to how much interest a direct lender of short term loans like this can charge. Some companies charge as much as 4000% APR – as well as a handling or processing fee. While this is undoubtedly a high rate of interest, the point of a short term loan is that the borrower pays it back before too high an interest rate can accumulate.

In the UK, there are two ways of getting a payday loan – through a direct lender, or through a broker. A payday lender loans the cash directly to the customer, while a broker acts as a mediator between the customer and the lending company.

Using a broker may increase the chance of your loan application being accepted. A broker can also speak to multiple lenders on your behalf and help you to find the best deal. However, he’ll expect commission, which added to the lender’s fees and interest rates can rack up pretty quickly.

Borrowing directly from a payday lender is quicker and cheaper than using a broker because it does away with the middleman. As so many direct lenders of payday loans operate online, it’s easy for a customer to compare lending companies themselves without needing to go through someone else.

The advantage of payday loans for many people is their speed and convenience. If that applies to you, then the best option is to apply to a direct lender rather than through a broker.

Phoenix Payroll Ltd - About Author:
Yorkshirecash.co.uk provides short term payday cash loans to the UK, giving you a break when you need it most. We lend up to £400 in cash, which you pay back on your next pay day. We are licensed by the Office of Fair Trading and we won’t lend you money unless we truly believe you are capable of repaying it, so you can be sure you’re in safe hands. Find out more at http://www.yorkshirecash.co.uk/

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/loans-articles/a-guide-to-getting-the-best-from-direct-lender-payday-loans.htm

Related Loans Articles Subscribe to RSS

Direct deposit loans- Good financial aid for borrowers
Published by Rex Moshe on July 3rd 2012 | Loans
If you are getting quick funds via direct deposit loans, you can manage unexpected financial trauma ...
 
24 month loans: Get Money Through Rocking Deal
Published by Alfred Golf on May 8th 2012 | Loans
24 month loans are the long term secured and unsecured deals that offer satisfactory money to all UK...
 
Payday loans Ohio- Certainly very useful for Ohio residents
Published by Ricky Loyel on April 23rd 2012 | Loans
If you have taken instant funds through payday loans Ohio, you are flexible to utilize the money as ...
 
Long term loans: make your life easier with us
Published by Derick Richards on December 22nd 2011 | Loans
Long Term Loans are instant loans. Just get registered for it online and it would take an hour or so...
 
Ez cash loans- Great benefit for borrowers
Published by Ricky Loyel on January 14th 2012 | Loans
Now, you can easily overcome short-term financial issues with the aid of ez cash loans without any h...
 
Salary advance loans- Manage unexpected fiscal worries
Published by Georgia Bart on July 25th 2012 | Loans
By availing salary advance loans, you have right option to acquire quick funds within 24 hours. This...
 
Quick loans same day- Here is Quick Loans Same Day for You
Published by Heizel Kathryn on March 9th 2012 | Loans
Apply with us for quick loans same day to get rid of your financial worries. We give you the freedom...
 
Bad credit unsecured loans – Get amount without any collateral
Published by Michelle Annely on December 30th 2011 | Loans
Bad credit unsecured loans are provided to borrowers without asking for any collateral against the b...
 
No bank account payday loans - Cash Assistance Through No Bank Account Payday Loans
Published by Repid Watson on December 28th 2011 | Loans
Take quick decision and apply for No Bank account payday loans to meet your short term cash shortage...
 
24 hour loans by phone- Overcome fiscal hurdles with ease
Published by Alex Abigil on December 2nd 2011 | Loans
The 24 hour loans by phone are considered to be fast and quick cash advance that can be obtained thr...
 
Small loans- Really helpful in shortage of money
Published by Smith Hennry on July 7th 2012 | Loans
Small loans are the most appropriate loan deal that matches your financial requirements. So, never m...
 
Money loans for people with bad credit- Attractive financial aid for poor creditors
Published by Lewis Jasvin on July 20th 2012 | Loans
If you are taking money loans for people with bad credit, you will get instant funds without any has...
 
Small payday loans- Feasible financial deal for you!
Published by Abell Bush on March 27th 2012 | Loans
With the aid of small payday loans, it is feasible for you to grab quick cash up to $1500 to fulfill...
 
Cash loans bad credit- Fast Cash Notwithstanding Bad Credit
Published by Rider Abraham on March 21st 2012 | Finance
Cash Loans Bad Credit is an instant solution and a great short term financial support for persons wi...
 
Ohio payday loans- Tackle your fiscal worries freely!
Published by Ricky Loyel on January 4th 2012 | Loans
With the aid of Ohio payday loans, you can easily overcome financial adversities in the least possib...
 
1 hour payday loans no faxing- Quick financial help for you!
Published by Georgia Bart on December 3rd 2011 | Loans
If you want quick fund with the aid of financial scheme then you need to avail 1 hour payday loans n...
 
Same day loans for unemployed: Feel Relaxed with Unemployment’s Cash support
Published by Ramsey Bert on April 7th 2012 | Loans
Same day loans for unemployed are good deals for those who are not working anywhere and need money t...
 
Same day loans quick solution to financial shortage
Published by Angela on January 11th 2012 | Loans
Applying for same day loans is very simple and uncomplicated and this is the reason people prefer ge...
 
Holiday loans for bad credit: Get Ready to Take Your Family for a Happy Tour
Published by Keith Gonzalez on June 11th 2012 | Loans
Holiday loans for bad credit would allow you to enjoy some lovely moments with your family or friend...
 
Payday loans help- Valuable financial help for many borrowers!
Published by Adam Felix on April 27th 2012 | Loans
By applying payday loans help, you will get instant funds. The availing fund will be helpful to mana...