Borrowing from direct lenders is the best policy that helps you in saving money while borrowing. The most recent financial business ventures like direct payday lenders provide same day loans to the borrowers to meet emergency financial situations. They provide these loans regardless of credit worthiness of the applicant and without faxing of any papers. While compared to traditional and local lenders, you will be provided with numerous lines of credit by a direct lender. They provide the loan service 24/7 and deposit the loan fund in to your checking account within few hours enabling you to meet your urgent needs without much hassle. You will also be allowed to choose a feasible loan repayment option that will help you pay off the loan without affecting your existing financial status. You can extend the loan term if you fail to repay the loan on the due date but will be charged a compounding rate and extra late payment fees on top by these lenders.