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UK Payday loans companies and introducers tend to pass your application information with a panel of lenders and sometimes worse still along with other brokers. Some of them aim to match you with a selection of lenders and then recommend for you the best matched lender. You might argue that your loan application gains exposure to a variety of lenders. However multiple Payday loans computer software and enquiries can potentially reduce the chances of you having an approval. All involved parties may do credit searches which will mean multiple enquiries on your credit reports. Brokers and introducers pass applicants' personal information to 3rd parties who are not known to you at the time and whom you have not consented to address your information. This raises a serious security hazard which is not worth taking.

Marketing campaign results are often catastrophic. Your application details may be sold to third parties who have no commitment as well as obligation to safeguarding your personal information. You end up open to a huge amount of spasm emails, text messages, and telephone calls offering you a variety of unsolicited loan products. Some brokers and introducers charge a fee for their services and this is normally paid up-front regardless of whether the Cash loans applying it is approved or not. It has been known with some brokers to illegally collect a fee from salaryday loan applicants and sadly never secure them your loan. You can imagine the frustration and disappointment that often arises in these situations. Most payday loans loan never charge a fee for your application: do you know why pay someone else to do the same.