Best personal loan rates compare

What is better. A direct lender or a broker. Can a direct lender provide guaranteed payday loans. Lets examine the difference between a direct lender and a broker.

A direct lender processes your application and gives you money directly. In contrast, when you submit your application form to a broker, they sell it to direct lenders. They may even charge a fee for this. The company that bought your application will then decide whether or not to lend to you. Our opinion: Borrow only from a direct lender.

Best personal loan rates compare

What are the minimum requirements for one to qualify for a payday loan. If youre seeking for a payday loan, you must: Be over 18 years of age Be employed Have a valid and active bank account Have a monthly income of over 1,000. Credit score, does payday loan affect my fico score. Generally, payday loan history is not captured in credit reports. However, some credit reporting agencies may collect your payday loan repayment history. And its most likely some lenders may want to get such reports when best personal loan rates compare your creditworthiness for future loans.

Also, if you have an outstanding payday loan and it is sold to a debt collector by your lender; your debt collector may possibly report your debt to a major credit bureau.

Best personal loan rates compare

We recognize a personal loan is a private matter. Reasons for needing money range from critical automobile maintenance, unexpected medical expenses, much needed family vacation, basic home improvements, etc. Whatever your reason, we respect your privacy.

Thus, we work with lenders familiar with your situation and are ready to help. Important Disclosures. Please Read Carefully. This service is not available in all states.

Best personal loan rates compare