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By: Herman Parris

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Friday, 11-Feb-2011 16:30 Email | Share | | Bookmark
No Teletrack Direct Payday Lenders - Apply Online

No teletrack payday lenders offer short term high risk money to those in need. No teletrack direct payday lenders provide Quid Loans to borrowers in need of emergency cash and help countless hard working individuals in a financial crisis. A fast infusion of money can help you avoid eviction, cutting of your utilities or even bankruptcy.
What are Direct Payday Lenders?
The payday loans industry has two main players that operate and provide loans to borrowers. There are direct lenders and indirect lenders. As a borrower you will run across both types of cash advance lenders and it is important to know the differences to get the best rates for your loan.
• An indirect payday lender offers loans as the middleman or broker between the borrower and the ultimate money lender. An indirect payday loan application is submitted to the indirect lender who then shops or forwards your application for money to various advance lenders. In simple terms, they act as middle man for your loan, and this means higher fees and charges. An indirect lender has the advantage of being able to shop your loan to multiple direct lenders so there is the advantage of a greater approval percentage for borrowers.
• On the other hand, no teletrack direct lenders deal directly with the borrower, so the company you deal with is the direct lender of the money you borrow. In a direct lenders case the website is used as a means of adding value and ease of use to the customer making the application process easy and fast for your convenience.

Read more about Quid Loans


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