10 Reasons to avoid Loan Brokers

1. 10 Reasons to avoid Loan Brokers

2. The are an unnecessary complication created to just make money” Reason 1

3. They do not really care if the product is right for you, they just want the commission paid by the lender” Reason 2

4. They can afford to pay the most to be at the top of Google and other search engines. This means the the direct lenders have to charge their customers more” Reason 3

5. Brokers are only going to sell the leads on to a direct lender for a profit. They will sell to the highest bidder” Reason 4

6. Some brokers charge application fees and then still charge the lenders a commission” Reason 5

7. Brokers will sell your data to as many people as possible to get as much money out of it as possible.” Reason 6

8. Brokers confuse the picture by looking like direct lenders and hiding their true identity from the customer” Reason 7

9. They have no real role, they do not add any value at any stage of the loans process” Reason 8

10. They do not play fair, they cause a lot of the bad press in the media, particularly around payday loans” Reason 9

11. Brokers do not lend money, they just pass the customer to the real lender – a completely unnecessary part of the process.” Reason 10