Not exact matches
Besides abovementioned, online lending offers many other benefits to
borrowers with
bad credit: lender - matching
services online offer a large variety of participating lenders that will compete for your business with an ease of making one application only.
Most
borrowers that have
bad credit get so excited that some institution approved their loan application that they fail to read and understand important contract terms, often overpaying for the lending
services.
Competition is fierce for two reasons, lots of
bad credit borrowers need loans, lots of private lenders have stepped in to provide the
service.
One thing is for sure that payday loan advocates still believe there's a great need for their
services especially for lower - income or
bad -
credit borrowers.