Why a Comparison Site, what advantages does it offer?The answer is simple. When you use the services of a comparison site such as LenderSeekers.co.uk, you have access to a list of Lenders in one place and these Lenders are featured for the following:
- The Lenders are all verified.
- The Lenders are all Licensed and Regulated by the Financial Conduct Authority.
- The Lenders are all members of a Trade Association.
This means that if you apply to any of the Lenders on LenderSeekers.co.uk you can be assured that you are dealing with a reputable Short Term Loan company that can directly fund your loan – and not a Broker or an unlicensed organization that is unregulated.
In addition you can often find filters on Comparison sites that will help you choose which Lender you want to make your application to; on LenderSeekers.co.uk they offer a wide range of filters that you can choose from. You don’t have to, of course, you can simply read about each Lender individually and make a decision based upon what they offer but should you want to, you can filter specific requirements that you have to ensure that only those Lenders offering those will remain for you to choose from.
A good comparison service will also provide you with an affordability calculator so that you can work out your expenses before applying so that you know what amount you can comfortably afford to borrow. There will also be a wealth of information concerning short term payday and installment loans to keep you in the know about how they work and what to watch out for.