One for the easiest techniques to verify that a business is a lender that is direct to test the FCA register. This can show if they have loan providers permit or perhaps a broker’s permit if this is the latter, it shows that they just introduce loans but don’t program them.
Other practices consist of taking a look at the language on a site. Included in FCA legislation, agents must state on the sites they are agents instead of lenders. This will ensure it is clear for the client. But, some web sites will likely not get this to information all too clear, so it’s well worth scrolling right down to the footer at the very least to make sure.
Other language you could see is ‘guaranteed approval’ or panel that is‘our of’ and also this features they are apt to be working together with a few companies and never underwriting the loans by themselves.
Looking Online for Direct Lenders
To get one step further, you’ll key in ‘direct loan providers perhaps not brokers’ into search machines to locate a summary of contending businesses. (more…)