Are you in need of some emergency cash? Is it that you desperately in need of some finance to take care of your financial crisis? Is it that you don’t know where to go for help? Then, let me tell you that no teletrack payday lenders shall help you out of this problem of yours. They can help you with a solution by offering you payday loans.
There are two types of no teletrack payday lenders. They are either direct or indirect lenders who lend payday loans to the borrowers and offer financial assistance to several millions of people during emergency. These lenders help to procure payday loans to fulfill short-term financial needs.
No teletrack direct payday lenders
No teletrack direct payday lenders directly deal with the borrower, so the company with which you deal shall be the direct lender of the loan that you borrow.
To enable the borrowers to contact these No teletrack direct payday lenders, these lenders have a website so that the borrowers can easily contact them. These web sites have the application forms uploaded on their sites. Thus the application process is made simple and fast. The application is reviewed and processed faster as compared to the Indirect payday loan lenders
The interest rate charged by these no teletrack direct payday lenders are generally low as they do not have any dealing with any third party. The services offered by no teletrack direct payday lenders are quicker as compared to the indirect lenders. It is observed that most of the no teletrack direct payday lenders complete all the loan formalities and transfer the funds to the account of the borrower within 24 working hours. No teletrack direct payday lenders can sanction only a small amount of loan which ranges from $100 to $1500.
Indirect payday loan lenders
An indirect payday lender provides loans to the borrower by acting as the middleman or broker between the borrower and the money lender. An indirect payday loan lender receives the loan application from the borrower and then forwards the loan application for money to several advance lenders. There lies an advantage in forwarding the loan application of the borrower to several advance lenders as there are increased chances of the loan getting approved.
These payday loan lenders are more costly as compared to the No teletrack direct payday lenders. They interest rate charged by these lenders shall be high as they have to contact third parties for the approval of the loan. Hence, the overall working process and approval of the loan gets slower as compared to the direct lenders. It is usually observed that the no teletrack indirect payday lenders can only offer borrowers loan ranging from $100 – $1500 in fast loans.
Indirect payday loan lenders play an important role when people with extremely bad credit or unique employment have the need of payday loans. Such people can benefit from indirect payday loan lenders as they shop with your loan application to several lenders and the chances of loan approval increases.
Both Indirect payday loan lenders and No teletrack direct payday lenders have advantages and disadvantages. The type of lender best suited to you shall be dependent on your financial requirements.
