The debate over lenders vs. brokers of short term loans is similar to discussing the pros and cons of hiring a real estate agent as against trying to buy or sell a property without any professional help. Whether you are looking for secured short term loans or unsecured loans for bad credit, you will have the option to approach lenders directly or you can use a facilitator. There are many lending sites that facilitate loan applications. There are many official sites of lenders so it is not necessary for anyone to stay confined to either option. However, there are some noteworthy advantages of dealing with a facilitator like Flex Repay UK.
Here is an assessment of lenders vs. brokers of short term loans or loans for bad credit.
- In a scenario where you go for lenders directly, you would have to contact every independent lender separately. It is easier today since you don’t need to ransack the directories for the business addresses and then pay each of them a visit to know their criteria. You can fill up their online forms, wait for a call back and some even have live chats so you can get to know what they need from you. Websites usually have the basic information including the criteria and the loan amount these lenders would be willing to offer. However, you do have to contact each of these lenders separately. You would have to conduct extensive research to know more about them and then respond to each of their emails separately. This whole process becomes strenuously time consuming. You can take this route or you can have a simpler and much more convenient approach.
- With a facilitator like Flex Repay UK, you don’t have to worry about contacting every lender you choose separately. You don’t need to write emails or respond to their questions even before you have had a chance to apply. You would fill up one form and that shall be sent to all relevant lenders. It should be noted that not all lenders would be willing to offer the same type of loans for bad credit. They have their criteria even if they are offering unsecured short term loans and are lenient with the credit history. When you have your application sent by Flex Repay UK to multiple lenders and the relevant ones consider your proposition, you would get responses that are going to have a possibility of fruition. You wouldn’t have random responses. You don’t need to spend days or at least several hours to check the websites of multiple lenders and contacting all of them separately. One form, one click and one submission would get the job done. The time you would have spent researching or contacting can be used to compare the various propositions of short term loans from relevant lenders.
- Dealing with a lender directly will always be subject to the criteria that the particular lender has made public. The exact criteria can vary from one case to another. There is always the element of discretion exercised by lenders. When you deal with a facilitator like Flex Repay UK, you don’t need to worry about these discretions or the variable criteria of the different lenders. If you don’t qualify, they wouldn’t respond to your single application and you can consider only those that respond with an offer. You don’t have to deal with the variable criteria of different lenders. You know what you would qualify for and your profile will be assessed by all lenders without you having to know their quintessential requisites.
- Finally, you would get an enormous trove of information from facilitators like Flex Repay UK that will not only help you to understand short term loans or loans for bad credit but you would find it easier to apply, obtain and repay the loan. Financial advice is always helpful, especially when you are in need of money. Lenders could be self serving and they may not have the best advice for you. Facilitators like Flex Repay UK want borrowers to get the money they need and lenders to get repaid in time, borrowers to avoid bad debt and more borrowers to get money from the lenders. This can only be assured when Flex Repay UK has sound advice for borrowers and helps lenders too with the best profiles.