With the industry growing larger all the time so do your options as a customer. One such option is to seek direct lenders for payday loans.

Indirect lenders work by sending your application to a number of companies they work with until they get the first approval. This allows them to guarantee they’ll give you a loan and many say this allows them to respond faster because you get your cash from whomever responds first. A lot of customers are uncomfortable however not knowing who is seeing their application information or knowing where their money is actually coming from. Also many say indirect lending companies have higher fees because you pay both parties involved.

Direct lenders for payday loans involve fewer people. Less people see your application which makes many customers more comfortable. As you only pay one company with your fees the fees are often cheaper with these companies. Many companies claim that because you deal directly with them and they don’t have to send applications out and wait for responses that they are faster.

If you are concerned with time and your loan, as many customers are, you can usually find same day for either kind of company on this account so I wouldn’t let that effect your decision too much.

Luckily these days there are so many companies you can make a list of the important options you want in order of priority: direct lender, same day, no fax, and of course, the lowest fees you can find. These are just a few of the available options, if there is some particular need you have, like no credit check, I feel confident telling you there will be a company out there for your situation.

Make sure that whatever you decide you’ll be able to pay back on the agreed date. Often customers overestimate what they’ll be able to do with their budget and end up in a cycle borrowing money repeatedly until they owe astronomical amounts.

For keeping your information safe and keeping fees low, look for direct lenders for payday loans.