How to Find Personal Loans from Direct Lenders

It can be dangerous to cut out the middleman if you do not know what you are doing. Learn how to ask for cash from the lender directly. Learn about the importance of using direct lenders for personal loans

Emergencies often call for fast funding to cover cash flow gaps. Unfortunately, consumers are often confused about where to go to find the money they need. One convenient source for credit is a personal loan direct lender.

What are Online Loans?

Online loans are a type of credit where the process begins online. The following steps are usually involved in getting this type of loan. The consumer:

Request a Loan Today*
By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Site Use.
*By filling out the form above, you will be routed to’s loan request form.
  • Requests funding through a website
  • Connects with a lender
  • Starts the loan application
  • Receives and signs a loan agreement
  • Gets their cash in as little as one business day

Please note that the application process sometimes does not happen entirely online.

Consumers with lower credit scores may turn to online personal loans as a relatively flexible and accessible option for emergency financial relief.

Credit Checks: Yes or No?

Most Americans do not have more than $600 in a savings account set aside in the event of a cash emergency. Most Americans have a FICO score of 620 or lower, which is considered a bad score by many lenders. This makes it hard for the average American to find personal loans with no credit check. That is why they turn to direct personal loans, hoping there is no credit check. These short-term personal loan lenders always require a credit check in order to get a loan. However, some lenders may consider factors other than credit score more heavily when determining an applicant's eligibility for a loan.

No Third-Party Companies

Consumers who need fast cash aren’t going to want to wait for it. By using a personal loan direct lender, consumers can cut out the middleman, which may save time. The sooner the customer accesses the loan application, the quicker and more streamlined the process will be.

Consumers looking for direct lenders with no third-party connections may get their money much quicker.

Reasons Consumers Apply for Direct Personal Loans

One of the best perks of alternative lending is that the funding can often go towards a wide variety of purposes. Typically, borrowers take out personal loans because they are dealing with a cash flow emergency. They may be living paycheck-to-paycheck when they are suddenly hit with a money emergency. For example, if a person’s water heater is 20-years-old and suddenly breaks, it can cost up to $1,000 to fix it and even more to replace it. Maybe their rent is overdue, or the gas bill was more than normal. Personal loans can take care of these problems for consumers who can’t get a loan from another lender.

Borrowers may seek personal loans to address the following emergencies:

  • Baby needs
  • Car repairs
  • Household needs
  • RV repairs
  • Rent or mortgage
  • Utility bills
  • Cable bills
  • Phone bills
  • Prescription needs
  • Emergency services

Another reason for using personal loans is for debt consolidation. Combining a few different debt sources into one loan can make the financing easier to handle.

Using a Credit Card Instead

Many consumers take out a cash advance from their credit card company when they are short on cash. This is a bad choice for those who need to borrow beyond their credit limit. In some cases, the interest rate on a credit card cash advance may be higher than a small personal loan from a direct lender. It makes more sense for the borrower to take out a loan that doesn’t require a higher fee.

Paying Off Other Debts

When comparing lenders for bad credit personal loans, it is important to consider one’s debt type. For example, a borrower may have a couple of credit cards that they are trying to pay down. If the balances aren’t paid soon, the debt will be turned over to a collection agency, which will cause major damage to their credit score. Taking out a loan will allow them to pay off their debts while keeping their credit score intact. While they will have to pay a finance fee on the personal loan, they are usually much less than what the late fees are on the credit cards.

Easy Application and Approval Process

Today, the process is fast and simple. Borrowers can apply online at any time, day or night. The applications are user-friendly and only require answers to a limited number of simple questions. Reputable lenders use SSL to protect the user’s personal information. It is important to check and make sure lenders will never sell or give away personal information to third-parties. Responses from lenders regarding an application is typically quick. While instant approval is not possible, an applicant should receive their answer within a day.

Depending on the lender, there may only be a few documents needed when applying for a personal loan. The borrower may have to show proof of income, either from their place of employment or another steady source. Borrowers who receive a pension, social security, disability, or a structured settlement may also be approved for a loan, as long as they can show that the income is steady. They may also need to provide a valid checking account that is free and clear of any issues.

Additionally, all borrowers must be 18-years-old.

What Happens After Loan Approval?

If approved, the borrower may receive the funds in as little as one business day. From there, it is up to the borrower to make sure they pay back the loan on time. When using the loan money, they can either pull the money out and use the cash, or they can leave it in the bank and use it via their debit card or by writing a check. When a payment is due, the lender may withdraw the amount, plus interest, from the same account.

Short-term or long-term personal loans can be used to fix an unexpected cashflow crisis. As long as the borrower enters into the loan agreement with open eyes and a complete understanding of how small cash advance loans work, these types of short-term loans can be a solid resource.

Advertiser Disclosure

The offers that appear on are from companies from which receives compensation. This compensation may impact how and where (including the order in which) offers are presented to consumers. does not make loan offers but instead pairs potential borrowers with lenders and lending partners. We are not a lender, do not make credit decisions, broker loans, or make short-term cash loans. We also do not charge fees to potential borrowers for our services and do not represent or endorse any particular participating lender or lending partner, service, or product. Submitting a request allows us to refer you to third-party lenders and lending partners and does not constitute approval for a loan. What you may be presented is not inclusive of all lenders/loan products and not all lenders will be able to make you an offer for a loan.