Many people prefer to borrow directly from payday lenders not brokers for many different reasons. Some people believe that they will not get as good a deal whilst others are concerned about their details going through a broker.
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As a general rule it should not matter whether you apply through a broker or directly with the payday lender. It should not cost you any more to obtain a loan and the interest rate charged should be that of the direct lender and no higher. If you apply online you should not expect to have to pay any extra brokerage charges. The cost of the loan should be the same whether you go through a payday broker or go direct to the payday lender. If there are any fees payable to the broker the cost will be covered by the lender and not you.
Another concern may be that of privacy and security, if a broker is collecting and storing your data then they will have to comply with the UK data protection act. Many brokers however will not hold your information but pass it directly onto the lender. However in these days of identity theft and the government telling us to be more careful with the details that e hand out it is understandable that many borrowers feel more comfortable borrowing directly from the lender.
There are many direct payday loan providers that can provide you with a loan online. All you need to do is complete the completely secure online application form. Once completed it may take up to half an hour for your application to be approved at which point you will be informed, usually by email, then your cash will be transferred directly into your bank account.
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