You may think that being able to get an online loan from direct lenders only is a very good idea. Or that by dealing with direct lenders instead of a broker, you will have no problems at all. That is what you think and you will be proven wrong.
What you fail to realize is that in dealing directly with unknown lenders online, It is a two-way street. You are given a payday loan but in return they get control of your personal information. And not only do they get control of your personal information, but some direct lenders are scammers that have been known to steal it as well. In other words if you are unlucky your direct online lender might turn out to be an identity thief.
Some online direct lenders are known across the country for being fraudulent. They are able to pull it off because a borrower such as yourself wants to get an online loan has to:
- Give your social security number
- Tax identification number
- Detailed personal information about themselves
With that information at their fingertips, is it any wonder that online direct lenders are vilified by law enforcement from coast to coast? You have been scammed by your same day lender you will discover is the least of your problems.
Did you forget that your fraudulent direct lender has the personal information of your closest friends or family members that acted as guarantors? What do you think they will do with that information? And more importantly, why did they want that information? It is very simple: they want to steal their information as well.
Now your friends will now be at risk of being identity theft victims. How do your friends will feel about that? Do you think that your friends will remain your friends after you have placed them in that situation?
And what about your loved ones? How do you think they will like having to deal with same day online loans direct lenders because of you? Who do you think they, both family members and friends will blame? They will blame you. And your personal relationships will suffer because you took out a same day online loan.
Is it worth it? All of the heartache, both professionally as well as personally, because you needed money. Is it worth it that you are going to run the risk of having your name ruined for years to come, all because you wanted to deal with direct online lenders.
These same day online loans with direct lenders may be frauds. Talk to the police. They will tell you to avoid online lenders at all costs because they have seen thousands of identity victims as a result of online lending. That same day online loan from direct lender is a nightmare that you must not get involved with at all.