Direct Lenders- Direct Dealing with the Client

 

Direct lenders are lenders who deal directly with the borrower or the customer. As the very name implies these lenders do not involve themselves with third parties or the brokers to offer or approve loans. However, the customers in certain cases may approach such third parties for the loan approval in case of insufficient data or essential document s that are essential for the loan approval. But to be on the safer side it is always better to avoid such brokers as they increase the rate of interest to a very great extent. Such lenders not only help customers by offering instant fast cash loans but also helps in providing a very reduced rate of interest which would help customer save his money which would otherwise be spent in paying the high rate of interest. In most cases the loan amount may double or triple the amount that was borrowed by the customer due to the high rate of interest.

 

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