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Direct Lender Cash Advances
Posted on Friday, April 6th, 2019 at 4:09 pm in Cash Advances
An interesting fact about cash advance companies is that many of them do not actually loan out their own money. They simply work with customers to do all the paperwork and then send it to the actual lender who approves the loan and sends the money to the customer. This may sound like an inefficient way of doing business, and it is. Many people prefer working with direct lender cash advances because they cut out the middleman which can speed things up and save money as well.
Any time you add in a middle man the price of the product has to go up to pay the expenses associated with this extra layer. In this case the middleman often includes a physical store and several employees along with the computers and other equipment they need. If that is all cut out and you’re working directly with the lender they can often cut the interest rate and offer lower fees as well. This is one of the major reasons why direct lender cash advances are getting much more popular recently.
Whichever way you choose to go you’ll still likely get the money so there is no reason to be worried about that. In fact, many of the companies which do the processing end up going to the same lender as you could go directly to when applying for direct lender cash advances. These lenders just use the third party companies to help draw in additional customers so they can increase their profits.
Direct lender cash advances are just as easy to find and apply for as any other method as well. In fact, unless you specifically ask or do the research most people won’t ever know which companies are third parties and which are the actual lender who is giving out the money.
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