Apply for a Direct Loan Online
Everyone experiences a financial crisis at some point. Whether you have a problem with your car, need to pay an unexpected medical bill, or you just need a little extra to cover rent, you may find yourself considering a loan to get you through. However, not all loans and lenders are created equally. Some types of loans are better than others, and you need to first examine which one will be best for you.
Direct loans are a fantastic option when you need cash quickly and often have many built-in benefits. Read on and you'll learn more about the direct loan process and how a direct loan can be helpful to you.
What are direct online loans?
You may be wondering exactly what it is that makes loans direct and distinguishes them from the other types of loans out there. A direct loan essentially allows you to borrow money directly from the lender. There's no middleman disbursing the funds, meaning fewer fees for you and, often, lower interest rates. Going straight for a direct loan makes it easier for you to get what you need without over-paying or having to deal with the complication of a go-between.
How can a direct loan benefit you?
There are a number of perks to choosing a lender and applying for a loan directly through them. Direct loan pros include the following: * Simplicity: No one likes having information conveyed to them secondhand. It's confusing, and sometimes the details get lost in translation. When you go straight to your bank or lender, customer service will know exactly where your loan stands and be able to communicate to you more easily and effectively. There's no need to speak to a third party that may not understand your situation.
Cost: When you don't have a middleman, all you need to worry about is the interest and fees associated with your direct loan — not any extra individuals involved. The last thing you want when you're in a financial crisis is to get stuck with hidden fees that may only make your plight worse.
Efficiency: You've seen the paperwork from some lenders — it seems miles long, and asks a ton of obscure questions that leave your brain spinning. Then there's the time you spend waiting for approval! Getting a loan processed can be a hassle, and a time-consuming one at that. Choosing a direct lender, however, sometimes speeds up the process.
Trustworthiness: If you're worried about getting taken for a ride, fear not. Direct loans are typically offered by well-known, established institutions such as your local bank or highly experienced lenders that are overseen and regulated by governmental agencies.
Convenience: Did you know you can even get direct loans online? Nowadays all you have to do is fill out your application for a direct loan online, and you'll be notified of your approval status fast. Quick cash in the form of a direct loan is just a click (or tap ) away, which is incredibly helpful when you're in financial straits.
Why consider a direct loan?
It seems there are many good reasons to select a direct loan for your personal loan needs. But with all the lenders out there offering direct loans, which should you choose? The options may be overwhelming.
LendUp is a licensed direct lender in all states that we operate in except for TX & OH. It’s important to note that as required by law in Texas and Ohio, LendUp operates as a Credit Services Organization, not a direct lender. We offer our direct loan services completely online, so you can fill out the brief application and know within moments whether your loan has been approved. Not only is the application process for a direct loan speedy, but you also receive your cash quickly as it's typically deposited into your bank account within one business day.
Perhaps you're worried that your direct loan won't be approved due to a low credit score. LendUp doesn’t go solely by traditional credit scores when we decision loan applications, so good credit isn’t required.
In addition to direct loans, LendUp even provides free online credit education courses to help you improve your financial savvy. Unlike some institutions, we're here to give you a leg up, not let you flounder in debt. With online courses designed to give you the knowledge you need to budget more effectively and tips for improving your credit score, you'll receive much more than money with your LendUp loan — you'll be equipped with the knowledge you need to create the financial future that you deserve.
Next time you need quick cash, apply for a LendUp short-term loan. Check out all of our available resources today.
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