Working with direct payday lenders like Abattis brings multiple advantages. With our help, you can get money almost instantly and without hassles or third-party fees. We simplify the entire process, making it easier and faster to apply, get loan approval, and access the funds in your bank account. Let’s explore how payday loans from a direct lender work and find out why they may be a great option, even for people with bad credit.
A direct lender payday loan is a short-term loan you get at first hand. Simply put, these loans don’t involve any third party, allowing you to access the funds directly from a loan issuer. You don’t have to wait for a broker to share your data with multiple companies. Working with a direct lender eliminates the need to worry about your data safety and pay third-party fees for finding you the right loan.
A direct lender is responsible for every stage of the lending procedure. It reviews and approves your application, transfers the funds into your bank account, and manages the repayment process.
Non-direct loan brokers are companies that work with multiple direct lenders. They only get your data after you submit an application form and share it with their partners, helping you find a loan provider to deal with. These intermediaries don’t make loan decisions, deposit money, or collect your loan payments.
Direct lenders offer several advantages over loan brokers. Here are the major ones.
Using a direct lender means keeping your personal and financial data safe. Third parties share your application details with their partners, so
your sensitive information could bounce from lender to lender. This increases the chance
of data theft.
Loans from direct lenders
are much faster and easier
to get due to no intermediaries involved in the process. The form you submit gets directly to a service provider. You don’t need to wait for your data to be sent
to partners so they
can review the details.
As direct lenders don’t share your details with anyone,
you will receive no unwanted spam
or phone calls after submitting
your application form. Before signing you up
for a newsletter, direct lenders will ask you whether you agree to receive it.
Direct lender loans are usually cheaper than those offered by non-direct brokers. This is because brokers typically charge third-party fees for application and connecting you with a lender. When you apply from a direct loan provider, you only pay interest and fees on your loan, provided that you accept an offer.
Direct lenders also allow you to avoid customer service confusion. If you have any questions to ask,
you can check the details directly with the loan issuer.
There’s no need to search for contact information on multiple websites.
This improves your borrowing experience.
Getting a payday loan from a direct lender is always fast and simple. The entire process typically takes less than 5 minutes. Here are the simple steps to follow when you apply at Abattis:
Abattis is your reliable ally to help you navigate this financial maze. We’re a direct lender, so you can enjoy all the related benefits, from data safety to the speed of the entire loan process. Our service accepts borrowers with any credit, making our loans accessible even to people who were denied by traditional banks. Whether you need a few hundred dollars to pay for daily essentials or cover unexpected expenses, like medical bills or car breakdowns, we’re always here to assist.
Being a direct lender means carrying responsibility for every stage of the process, from approving loan applications to funding loan amounts and collecting payments.
Direct lender payday loans are usually considered better as they are cheaper, safer, and faster. However, non-direct lender loans may offer the advantage of accessing multiple offers at once to compare lender terms.
Online payday loans from direct lenders are not created equally, so pay attention to some key factors at the selecting stage. Read customer reviews on trusted platforms or ask your friends about their experience to choose a reliable loan provider. Also, pay attention to the interest rates, repayment terms, and associated fees. Finally, make sure you can meet a lender’s eligibility requirements before applying.
The answer depends on the requirements of a specific direct lender. In most cases, there are no minimum credit score requirements. However, some loan providers may set minimums. At Abattian, we accept borrowers with any credit.