Direct Payday Lenders Only Versus Conventional Lenders
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Direct payday lenders only provide unsecured loans against your next pay check. They do not ask you to pledge collateral and hence your assets are safe in your possession. These lenders have a 99% approval rate. In spite of poor credit history they will give you some amount provided your current job is regular and you are receiving a stable income. To approve a payday loan, these lenders only require some very basic information, If you don't have a steady job you should be able to provide them proof of some stable income that you get and you should also give them the details of your bank account into which your income is deposited on a regular basis. All types of bureaucracy are eliminated with these direct lenders only. You can apply for a payday loan from them via the internet by filling in a one page application form which will take just a few minutes of your time. Direct lenders only will charge about 15% interest, compared to the indirect lenders who charge double.