Payday loans are a fantastic way to help you make it to the end of the month until you get paid again. The problem is that it can be a confusing challenge to try and work out which providers are the best. With literally thousands of lenders offering their services online, it can cause endless confusion and worry. This is where Flex Repay UK can help you avoid all of the common pitfalls of trying to find a direct lender. There are many types of payday loan lenders available, ranging from direct lenders to brokers. Using a direct lender may seem like a good option, but by doing so, you are restricting yourself to that one lender without being given any other options that may prove to be more beneficial to you.
Flex Repay UK offers a fee-free way to connect you with the payday loan or short-term loan that you are searching for. You may be wondering how they make money from providing a free service to you? The simple fact of the matter is that they receive a commission from the lender when they successfully match a customer to them. When you apply for a payday loan or a short-term loan you will be required to fill in a simple application form. This form will ask you for your basic details, such as your identity, your address, your employment information and any other relevant information. As soon as you have completed your form, it enters a ping tree system. A ping tree is where all compatible lenders to your application are able to place a bid to provide you with the loan that you are looking for.
This means that unlike a direct lender, you will have several different lenders available to take a payday loan out with. Ultimately, the likelihood of being accepted and approved for a loan increases tenfold. Using the services of Flex Repay UK is also a great choice for those who have a poor credit rating. As the lenders on the panel set their parameters beforehand, finding a suitable match is a quick and easy process. Once you have been matched with a lender, you will then be taken to their site to finalise everything. You will not pay a penny to Flex Repay UK, not before, during or after you take out your payday loan.
Over the past few years, payday loans and short-term loans have come a long way. Strict UK regulations enforce interest caps on payday loans, which means that they are now much more affordable than ever before. Payday loans are a quick and easy alternative to more traditional financial avenues and give you the help and assistance that you need when you need it. You don't need to have an excellent credit history or plenty of savings behind you to be able to obtain one, you simply need to be able to demonstrate that you can afford to repay the amount that you borrow.