Payday Power has just added a ‘payday lenders comparison’ tool to its website. As Payday Power is a broker it may seem better for borrowers to go direct to the lender rather than a broker, but when it comes to payday loans, a broker can save borrowers a lot of time completing a lot of forms until they find a lender who wants to them the money.
The comparison tool or chart is updated every day with the latest success rates and statistics sent back from the lenders. Lenders or brokers who are accepting more loans move higher up the rankings while lenders without enough money to lend or very strict lending rules drop lower in the rankings.
It makes sense for borrowers to apply to the lenders with the highest rankings first which will give them the best chance of getting their loans approved and paid out.
Check out the payday lenders comparison chart here.
