Direct cash loans are similar to cash advances 4<\/sup> <\/a>but there is never a broker involved as middleman 5<\/sup><\/a>, hence the word “direct”. So this type of cash advances 1<\/sup><\/a> are performed and agreed directly with a lender that can be a private financial institution, a university 2<\/sup><\/a>, or even a college 3<\/sup><\/a>. As direct cash loans are approved and negotiated with the applicants without a middleman 6<\/sup><\/a>, process is faster 7<\/sup><\/a> and prices are lower in general 8<\/sup><\/a>. Not only for loans, but also other businesses as real estate, it is cheaper and faster to sell your home without using a broker 9<\/sup><\/a>.<\/p>\n\n\n\n Direct cash loans are cash advances agreed between a direct lender and an applicant herein referred contractually as a borrower for a short-term loan with lean underwriting which is performed directly, thus without the intervention of third parties such as brokers or other financial institutions. <\/strong><\/p>\n\n\n\n Direct cash loans, in comparison with indirect cash advances where brokers intervene, are distinguished for being faster in the application process, and not exposing your personal information to other companies than those involving brokers. <\/p>\n\n\n\n Your personal info is not sold to telemarketing companies and the reason is simple. Direct lenders are not interested in selling this data to a competitor.<\/p>\n\n\n\n Direct cash loans lenders handle the entire loan application, funding, and repayment process for all of its customers, what can be done quicker than with a broker. <\/p>\n\n\n\n Direct loans are always faxless<\/a>, whereas with some brokers, you need to pass them the documents that they will handle to the lender for the underwriting process. This demands a lot of time and the requirement of borrowers like you is to have the money in the bank account within a business day.<\/p>\n\n\n\n There are many types of cash lenders. Most are licensed as either direct cash advance lenders or non-direct lenders. The difference between the two depends on whether or not they involve a third party that would take over the funding of your cash advance. <\/p>\n\n\n\n A direct lender is often licensed to issue mortgages in the majority, if not all, of the 50 states. Rather than that, many brokers are only licensed in a few jurisdictions, which might cause complications if you apply for direct cash loans in a place where this broker is not licensed.<\/p>\n\n\n\n The cash loan broker is bound by the guidelines set by the individual lender of direct cash loans that are in the portfolio of the brokerage institution (the broker or a group thereof). For contractual reasons, the broker cannot waive certain requirements, discretionarily, in order to gain you as a customer. <\/p>\n\n\n\n Whereas direct cash lenders and brokers must abide to financial regulations, direct lenders can waive some requirements and fees, becoming therefore, much more flexible.<\/p>\n\n\n\n Each lender charges a fee for granting a loan, and therein is where the benefits lie. Nevertheless, brokers almost always charge larger costs than direct lenders, because we have to add the benefits for the broker. When considering whether to engage with a broker or a lender, it is critical to inquire about all loan generating costs before selecting one service provider over another one.<\/p>\n\n\n\n In direct cash loans, the borrower and the direct lender settle the terms and conditions of the loan almost immediately. Usually the loan is approved and the borrower accepts the terms of the financial instrument. <\/p>\n\n\n\n After that, the order is given to the bank of the lender to transfer the amount agreed to the checking account of the borrower. This happens the same day if you applied for the loan during the morning, or through a “next day ACH”.<\/p>\n\n\n\n With a broker, the process is much slower because the broker must pass the information to the lender. The broker does not have the ability to negotiate the loan with the borrower.<\/p>\n\n\n\n Direct cash loans come with pros and cons, advantages and disadvantages. If you take them to get out of an emergency and pay outstanding bills that otherwise cannot be covered at its due date, then they are useful.<\/p>\n\n\n\n Nevertheless, as they come with high interests, it is preferable to pay them at its due date without a request for rollover or you can also split them into several installment payments at a monthly basis that would affect much less your budget.<\/p>\n\n\n\n So, regarding direct cash loans, let\u00b4s see in detail the advantages and disadvantages thereof:<\/p>\n\n\n\n The form you are filling with us is not affecting your credit score as there is no \u201chard check\u201d performed. It is an application form without credit score evaluation and without Teletrack scrutiny.<\/p>\n\n\n\n Neither the Teletrack database nor the information from credit bureau agencies are being utilized, generally speaking, by payday direct lenders as a means of checking the credit history of the prospective borrower.<\/p>\n\n\n\n Most applicants of direct cash loans would be approved regardless of their credit history, which makes these cash advances an attractive option for borrowers with bad credit. In general lines, as it has to be analyzed case by case, the borrower does not have to worry about the bad credit score being an obstruction toward the solution of the short-term financial difficulties.<\/p>\n\n\n\n Your bad credit score and history will not be an issue. As long as you show proof of a regular income, your past doings cannot necessarily affect your loan application\u2019s outcome.<\/p>\n\n\n\n Regular source of income, that can be paychecks, alimony, partner income, unemployment benefits, social security income, pensions, child support, annuities, bank statements where you filtered your incoming payments, workers compensation, trust fund received periodically, installments of structured settlements and veteran\u2019s assistance.<\/p>\n\n\n\n Any evidence as a sole proprietor, independent contractor, or current employment, that can demonstrate that you have a sort of regular source of income, even subject to fluctuations as with workers in the gig economy, and that you can pay at least the accrued interests of the loan at the due date.<\/p>\n\n\n\n Instead of having the delinquency of an outstanding obligation and allow that circumstance to negatively affect your credit score, you will be able to pay that bill thanks to the loan obtained and maintain this aforementioned score. <\/p>\n\n\n\n Apart from affecting your credit score, the penalty of a bill not paid on the due date can be usually higher than the interest of our direct cash loans.<\/p>\n\n\n\n In most of the traditional loans, you have to spend the money in a certain way contained in the promissory agreement, for example, to pay the mortgage of an eligible HUD property in an FHA loan, to consolidate or settle a certain debt or outstanding bill.<\/p>\n\n\n\n With these direct cash loans, you have complete freedom to use it in what you want. However, I will recommend to you that this loan is utilized only to cover emergencies, or outstanding bills, or any obligation that is approaching its due date and if unpaid will hurt your credit score. Do not use these loans for entertainment or holidays expenditures because they come with higher interests.<\/p>\n\n\n\n For traditional loans, you require at least a normal credit score to become approved.<\/p>\n\n\n\n However, in direct cash loans, and cash advances, what matters for the direct lender, is your ability to repay the debt at the due date, that could be two weeks, one month, or once a month in the case of installment loans.<\/p>\n\n\n\n Applying to a payday loan, cash advance, or installment loan will not affect your credit score, but will not improve it either.<\/p>\n\n\n\n Direct cash loans are almost always approved in a few minutes and then the money is deposited in your checking or savings account the next day.<\/p>\n\n\n\n But you can also receive the funds during the same day in some cases. If you have completed the form and managed to submit it early in the morning, then the bulk transfer order released may include your financial institution. Due to that batch or bulk order, you will receive the funds already in the evening.<\/p>\n\n\n\n Compared to other types of loans, direct cash loans may be easier and faster to apply for, since the transactions can be handled from any Internet-enabled device within minutes.<\/p>\n\n\n\n Loan approvals can almost always be granted instantly unless further verification is needed, and in this case you will be requested to clarify some information or a customer service representative will call you.<\/p>\n\n\n\n When a credit check is circumvented, a loan can be approved the same day that the application is submitted. Moreover, the borrower generally receives the funds in their bank account the next business day, or the same day in the evening.<\/p>\n\n\n\n There is no paperwork of any sort involved in the process. The application, as well as its repayment, is a fully online process, right up to the final payment. Lenders guarantee a decision on a loan within seconds or a few minutes.<\/p>\n\n\n\n As it is a “direct” loan, there are no brokers involved that need to exchange information with a direct lender. There is no middleman when you apply with us. More on this below.<\/p>\n\n\n\n There are only direct lenders, no brokers involved, and your application is processed instantly, and your loan is deposited directly into your bank account without the need for any paperwork.<\/p>\n\n\n\nAdvantages Of Direct Cash Loans Instead Of Brokers<\/h2>\n\n\n\n
Licensing<\/strong><\/h3>\n\n\n\n
Flexibility<\/strong><\/h3>\n\n\n\n
Fees<\/strong><\/h3>\n\n\n\n
Speed<\/strong><\/h3>\n\n\n\n
Pros And Cons Of Direct Cash Loans<\/h2>\n\n\n\n
Pros Of Direct Cash Loans<\/strong><\/h3>\n\n\n\n
There is no credit check done and no employment verification. Suitable for unemployment situations too.<\/strong><\/h4>\n\n\n\n
Any Source Of Income Can Be Suitable For Obtaining Direct Cash Loans<\/strong><\/h4>\n\n\n\n
Settle Outstanding Bills While Maintaining Your Credit Score<\/strong><\/h4>\n\n\n\n
Spend The Money Of Direct Cash Loans Without Restrictions<\/strong><\/h4>\n\n\n\n
Any Credit Score Could Be Eligible With Direct Cash Loans<\/strong><\/h4>\n\n\n\n
Access To Cash The Next Business Day Or Probably The Same Day During The Evening<\/strong><\/h4>\n\n\n\n
Fast Turnout And Highest Approval Rates<\/strong><\/h4>\n\n\n\n
Faxless, A Great Advantage Of Our Direct Cash Loans<\/strong><\/h4>\n\n\n\n
Direct Lenders, Not Brokers<\/strong><\/h4>\n\n\n\n