Why You Should Choose A Lender That Offers Direct Lending
If you're looking for a loan, you may have come across the term "direct lending" at some point. However, you may not know what it is or why it's a good idea. Choosing a direct lender for title loans is a smart thing to do, but understanding why this is the case helps you make an informed decision.
In this article, we will explore how direct lending can benefit you and help in times of urgent need.
How Direct Lending Benefits Borrowers Today
What Is Direct Lending?
When you get a loan, there are a few different ways to get it. Namely, there are multiple types of creditors. A direct lender is a non-bank creditor who lends you money without using some sort of middleman.
In other words, it's just you, the borrower, and the creditor, the person or company lending you money. There's no investment bank or anything like that handling affairs between you and the creditor. It's a lot like borrowing money from a friend: you and they communicate directly and exchange the money in the same manner.
But why should you look to a direct lender for title loans? Well, there are a few good reasons.
You Don't Have To Pay A Middleman
A middleman isn't going to participate in a deal for no gain. Obviously, they need to profit somehow, which usually involves paying them. Generally speaking, if you employ a broker to get loan deals for you, you will have to pay that broker for his services. Not a great thing when you need money in the first place!
Even with an intermediary like an investment bank, they will still get a piece of the pie. Opting for direct lending ensures that you don't have to pay someone else along the way to getting a loan.
Direct Lending Is Simple
The more moving parts there are to something, the more complicated it is. But thankfully, the only moving parts with direct lending are you and the creditor. You don't have to go through any roundabout processes. You communicate directly with the person giving you money, and you can ask them any questions you have.
Simply put, you'll always know who you are dealing with and what is going on with direct lending.
Direct Lending Has Less Security Risks
Depending on who your middleman is in some other theoretical loan-securing scenario, you may not have to worry about your data, where it goes, and what happens to it. Professionals generally do their best to keep their client's information safe. Still, you may not always know whom you can trust with your vital information.
Cutting out the middleman and going to a direct lender for title loans reduces the number of people you have to provide sensitive information to. The fewer people who have access to that info, the better it is for your security.
Direct Lending Is Fast
When you have to jump through a bunch of hoops to get the title loan you are looking for, which often happens when using an intermediary like a broker or an investment bank, it can take longer to get the money you need. The problem is you're usually only looking for a loan because you need one fast.
It's better to skip the long-winded processes and red tape where possible, and direct lending helps you do that. In fact, you can often get a title loan through a direct lender within 24 hours of contacting them.
There's less paperwork, fewer people to communicate with, and less hassle overall. This makes a direct lender the perfect choice if you need to get a loan quickly.
Getting A Title Loan With Delaware Title Loans, Inc.
One of the main draws to using a direct lender is to get a loan as quickly as possible. Delaware Title Loans, Inc. has one of the quickest and most efficient application and approval processes in the business, and we are ready to help you with your loan needs at any time.
Here's how the process works:
- Call us directly or submit an inquiry form online on our website.
- One of our representatives will contact you as soon as they can.
- Meet at your nearest Delaware Title Loans, Inc. location or choose a more convenient location.
- Bring your driver's license or government-issued ID, lien-free car title, and car to the meeting.
- The rep will verify all of your documentation and inspect your vehicle to determine how much you can receive with your title loan.
After you qualify, you'll just have to sign a few documents, and you'll be able to get the money you need either on that day or by the next business day.
Yes, it really is that easy. It doesn't require much time or effort, and that's a big deal when it comes to securing a loan. Reach out to us at Delaware Title Loans, Inc. today!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.