If you need a payday loan, working with an online consumer credit broker in Derry will make it more likely that you will qualify for one. Even if you own a poor credit rating, you may still be able to get a cash loan.
Advantages of a Credit Broker
Here’s some thoughts which might be helpful for you if you’re considering the options of taking a loan.
- They work with many lenders
- You are more likely to get approved for a loan
- It’s more affordable to use their services
- It is easier to find the best terms
- The process of getting a short-term loan is easier
A credit broker represents several borrowers. Thus, when you fill up an application form, it is like you are applying for multiple payday lenders at once.
If you tried to find the most affordable lender on your own, you would have to do a lot of work. In this case, the broker takes care of comparing offerings for you.
Once lenders indicate that they are willing to extend you a loan, the broker will send you to the one that has the lowest APR. This is the borrower that offers you the most favorable terms since the cost of borrowing is the lowest.
You may also qualify for a loan even with a poor credit history. The lender will typically look at your whole current credit situation when deciding whether or not to give you a loan.
Brokers typically charge a small fee, or no fees at all. Many brokers are paid by the lender when they refer a borrower to them.
It is our mission to help the loan seekers to get the most affordable payday loan packages. This is why we do our best to ensure that we refer them to the one that offers the lowest APR.
Even if the selected lender cannot help you, you will be referred to another lender or credit broker who may be able to help you.