Understanding Cash Advance Direct Lender
There are varying types of lenders offering cash advance loans. Normally, these lenders are licensed to either offer loans as direct or indirect cash advance lenders. What differentiates them is the notion of involving a third party in the loaning process.
Before taking any cash advance loan, it’s imperative that you do your homework to ensure that you only work with licensed cash advance direct lenders. Besides giving you the funding you require, licensed lenders protect you. Therefore, to maintain their business image, there’s a good chance that you will be dealing with trustworthy lenders.
Why Do People Choose Direct Lenders for Cash Advances?
Protect Your Information
Direct lenders are licensed to offer funds to people who need quick loans. Since you will not be working with any third parties, your personal and financial details are safe with the lenders. Your information is protected using robust technology to ensure it doesn’t get into the wrong hands.
Avoid Customer Service Confusion
Working with third parties can be confusing. Your details can be confused with another person’s details. However, if you opt for direct lenders for cash advances, you only engage with the lender who will finance you. This minimizes the likelihood of confusion.
Quick Application Review
Plus, direct lenders don’t rely on middlemen. Therefore, their loan review process is faster. These lenders don’t have to consult third parties to make decisions on whether to offer you loans or not. Arguably, this hastens the loaning process, and your money can be processed much faster.
Where Can I Get a Cash Advance?
To get a cash advance, you can work with a direct lender or rely on an online broker for more convenient services. Here’s what you need to know about these two options.
Direct Lender Only
Working with a direct lender on your own allows you to submit your loan details independently. This means that you will have to try out different direct lenders before finding one that meets your needs and specifications.
The challenge here is that comparing options could take time before finding the best. The trial and error challenge also increases the risk of your information getting into the wrong hands. You may struggle to distinguish reputable lenders from the rest as a newbie.
Online Loan Broker
Alternatively, you can turn to an online broker like us - CocoLoan. We don’t offer loans, but we partner with trustworthy lending partners who have been in business and have a record of performance in the industry.
For that reason, you can be confident that working with us gives you an opportunity to work with online direct lenders you can trust to deliver. One of the main perks of relying on our services is that you don’t have to go through all the trouble of comparing options one by one, which can save you from many headaches.
How Does CocoLoan Compare
|Why Trust CocoLoan?|
|How much can you get?||$50 to $35,000||Zero upfront charges|
|What are the loan terms?||1 - 36 months||Easy repayment|
|Are credit checks needed?||Yes||Mostly soft pulls|
|Are bad credit accepted?||Yes||All credit considered|
|How to apply?||Totally online||Simple and straightforward|
How Can CocoLoan Find Me a Cash Advance Online?
We offer a simple loaning process, and all you need to do is follow the following steps:
Submit Your Details
As part of the loaning process, you are required to submit your personal and financial information for review. Our partnered lenders will review your info and determine your eligibility.
Once you submit all the required details, lenders will spend a few minutes reviewing your information to discern how much money to lend you. This process takes a few minutes, and a specific lender will communicate with you about your loan’s progress.
Get Your Money
If your loan gets approved, money will be credited to your bank account ASAP. Depending on your lender, money can be sent to you within a few hours. To some, this could take up to 24 hours.
How much would you like to borrow?
What Are the Benefits of Working With CocoLoan?
Some of the perks of dealing with CocoLoan include:
Easy Loan Submission Process
Our loan submission process is pretty easy and straightforward. It only takes a few minutes to send in your details before lenders can review your information. Since the loaning process is done over the internet, you can send in your info from the comfort of your home.
Connection With Trustworthy Lenders
We partner with credible lenders with a good track record. Consequently, we save you from the hassle of determining whether a lender is worth depending on. Our lenders work all round the clock to ensure you get quick funding and sort out your financial issues.
Transparent Funding Services Without Hidden Charges
The direct lenders we work with offer transparent lending services without hidden charges. Therefore, you can quickly determine the cost of your loan upfront. This allows you to make sound decisions before signing any agreement. There are no hidden charges you will be forced to pay that you’re not aware of.