Many people often wonder which lender to go to - a traditional or a direct one. You can explore the benefits of a loan from a direct lender and make your own decision:
1. A loan from a direct lender is cheaper. Since there are no third parties when working with a direct lender, much fewer people are involved in the process. That is why the loan becomes cheaper and you will pay a lower interest on the loan.
2. A loan from a direct lender is safe. The only one who will see your personal data when filling out the application is your direct lender. If you take a loan from a traditional lender, then you provide information to him, and he transfers it to the bank. Thus, many people have access to your information. A traditional lender does not share information with third parties, so you can be sure of your safety.
3. A loan from a direct lender is approved faster. Since the direct lender does not use third parties to approve a loan, the review and approval process is much faster. In the case of a traditional lender, you have to wait days, maybe even weeks for it to be approved.
You can also explore the pros of working with a traditional lender and make a decision what suits you best.