You may wonder what this means. Everything is easy. There are not many differences between these two types of payday loan lenders. How does it work? When you apply for a loan through the direct lender whom you have found on your own you can contact your lender directly when there are any kind of issues. In case you have decided to save time and used the services of mediator company you are going to pay higher fee for the company’s services. The whole work is done instead of you when you give preference to mediator.
Payday loans are also called no credit check loans online, however, this is not completely true. Those payday loan lenders who promise you not to have any checks are usually scams or those providing money at the highest fees.
In comparison with traditional loans it is really so as there is no paperwork and faxing: only application form and no hard credit check. This means that all types of customers are approved if they have a stable income source as this is one of the most significant requirements. Pay attention to the payday loan lender’s interest rates and be careful calculating the cost of your loan before you agree to use an additional source of extra money in the form of short-term loans online.