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

Payday loans UK: It is very easy for everyone to apply for these loans
Published by Moon Thomas on February 14th 2012 | Loans
Payday loans UK is one of the best short term loans for you. You can simply go online and can apply ...
 
Cash before payday: Trustworthy Loan Deal
Published by Andrew Loyel on July 2nd 2012 | Loans
Cash before payday is an amazing support arranged for people against their next payday so that they ...
 
How to make proper use of fast cash offered through payday loans
Published by Julia Bennet on December 5th 2011 | Loans
When monetary crisis strikes in the middle of the month, there are little options left than to borro...
 
12 month payday loans: Get the quick money with hassle free arrangement
Published by Moon Thomas on January 22nd 2012 | Loans
You can settle down your issues without making compromise. You get this facility under 12 month payd...
 
Fax free payday loans- Feel happy with availing of instant funds
Published by Ponting Sarad on June 8th 2012 | Loans
If you are acquiring instant funds via fax free payday loans, you don’t need to feel tense about m...
 
Title car loans- Grab quick cash now!
Published by Riyt Leson on June 2nd 2012 | Loans
By availing title car loans, it is sure that you will get instant funds depending upon the valuable ...
 
Payday UK loans: Soothing Options of Money
Published by Ramsy Potin on May 4th 2012 | Loans
Payday UK loans would bring comfort in your life when you need money badly to deal with your urgent ...
 
No fee payday loans- Avail quick money as per your needs
Published by Jacky Smeth on July 9th 2012 | Loans
If you are taking No fee payday loans, it is easy for you to resolve unexpected fiscal worries....
 
One month loans – planned for cash problems
Published by Hayes Davis on July 13th 2012 | Loans
One month loans are sufficient to supply instant cash for your urgent monetary difficulties. you'll ...
 
Doorstep collection loans: Excellent and Brilliant Cash Resource
Published by Marsh Jone on June 18th 2012 | Loans
Doorstep collection loans are given to an applicant at his gateways and so, there is no need to ask ...
 
12 month loans- Utilize money for longer period
Published by Alex Abigil on April 4th 2012 | Loans
With 12 month loans, one can easily fulfill short-term needs of money without any hassle....
 
No credit check loans- Overcome urgent needs, without any delay
Published by Helen Weest on December 22nd 2011 | Loans
No credit check loans are available online 24/7, to overcome really urgent needs, without any delay....
 
Installment loans - Arrange monthly household budget in better way!
Published by Karen Rase on May 23rd 2012 | Loans
For fulfilling any financial desires, you need to look for extra money in the form of loan. To avail...
 
Bad credit unsecured loans: Easy and Fast Approved Deal without Collateral
Published by Jeckel Hery on May 22nd 2012 | Loans
Bad credit unsecured loans are the worth deal to crack when you are not able to offer any collateral...
 
Fast installment loans for bad credit- Get relief of financial stress
Published by Gorgie Nork on November 29th 2011 | Loans
If you decide to relief financial stress quickly then you need to apply fast installment loans for b...
 
Start up loans: Enter the Business world with This Awesome Option
Published by Kelvin Lopez on July 17th 2012 | Loans
Start up loans is the ways to enter the business world without going through any hectic term and con...
 
Payday loans Canada- Get quick cash in the form of loan now!
Published by Joen Henry on May 23rd 2012 | Loans
By taking quick cash from payday loans Canada, you have the facility to fulfill unexpected credit wo...
 
No teletrack loans-Easy loan with quick approval
Published by Johnty Bert on December 10th 2011 | Loans
Now, you can get easy loan through no teletrack loans whenever you are in need of additional finance...
 
Start up business loans poor credit: Start Business with Easy Money
Published by Kelvin Lopez on March 24th 2012 | Loans
If you have a plan to open your business, you can start your own business using start up business lo...
 
Same day loans- Financial difficulties may be resolved now!
Published by Ricky Loyel on June 6th 2012 | Loans
Without having any tension, you can apply for same day loans to get quick fund for fulfilling daily ...