All You Need to Know About No-teletrack Direct Lender Payday Loans

Oct 09, 2019

Most South African borrowers tend to fixate on one particular predicament that acts as a hindrance to getting a loan: a bad credit history. It’s easy to understand why it can become discouraging to get a loan with bad credit, as the chance of being rejected is significantly higher. As a result, the majority of borrowers with bad records end up missing out on various opportunities to pull themselves out of a rut. 

Fortunately, modern developments in the South African loan industry have made it much easier to take out a loan even with a rather subpar credit score and past loan history. Now, it may seem impossible to believe at this point, but the solution is much more easily available than one might think. No-teletrack direct lender payday loans are the best option for people with bad credit scores to pull themselves out of a financial predicament.

What a no-teletrack direct lender payday loan is

To put it simply, a no-teletrack direct lender payday loan is a type of short-term loan that doesn’t involve checking an applicant’s loan history while cutting out a middleman for better rates. The loan also involves being granted a principal amount with the due date for payment being scheduled on a borrower’s payday, hence the name “no-teletrack direct lender payday loan.” 

This type of loan is often characterized by distinct interest rates and a lack of processing fees. As such, no-teletrack direct lender payday loans are a must-seek option for anyone looking to get a quick and easy alternative. Over the past few years, the specialized type of payday loan has given those with poor financial records a greater financial opportunity to address their needs. 
 
The benefits of a no-teletrack direct lender payday loan

Here are a few key benefits that a borrower can enjoy when they take out a no-teletrack direct lender payday loan:

  • Ease of application: No-teletrack direct lender payday loans can be applied for and granted online, making the process much easier and quicker than other loans
  • Better rates: No-teletrack direct lender payday loans provide some of the best rates that people with lower credit scores can get
  • Fast granting: The granting process is fast, with the principal loan wired to a bank account in a day

 

How can no-teletrack direct lender payday loans help?

The short-term nature of a no-teletrack direct lender payday loan acts as a starting point for borrowers to improve their track records with easier payment options. Because no-teletrack direct lender payday loan is set up in a way that only involves the borrower and lender, the rates are significantly lower, and there is room for negotiation. The more often that they are taken out, the better a no-teletrack direct lender payday loan shapes the current financial standing of an applicant. Eventually, it gives them an opportunity to take out other types of loans as well. 

No-teletrack direct lender payday loans in South Africa have created greater customer-centred opportunities for providing financial support. They provide second chances for those with poor credit scores and an unsightly past loan history that can help get a borrower’s finances back on track. By cutting out the middleman and the need to carry out a past loan check, a no-teletrack direct lender payday loan makes it much easier to apply for and attain financial help. 

If you’re looking to take out direct lender payday loans in South Africa, feel free to contact Hoopla Loans today to see what we can do for you!