So you have decided that you need a payday loan to help you overcome a short-term financial problem? If so, then you are definitely spoiled for choice when looking for payday lenders as there are now many of them operating online.
It must be said that the majority of lenders are honest, reliable, and totally above board. Which means you won’t suffer any negative consequences from doing business with them.
Unfortunately, there is the small minority that spoils it for everyone else. Certain payday lenders are totally illegal, and they carry out shady business practices which are designed to steal from their customers.
Do you want to avoid these illegal payday loan sites? If you answered yes, then you should read the tips below very carefully…
Check for security
Legitimate payday loan websites spend thousands of dollars every year making sure their websites are equipped with the latest security technology.
Illegal sites are not bothered about this type of thing, and think nothing about leaving their customers vulnerable to hackers.
If you are going to be entering any personal information into a website, then make sure the web page begins with HTTPS and there is a small padlock also displayed.
Terms and conditions
When applying for a payday loan, the terms and conditions should be clearly stated so the customer knows exactly what they are agreeing to. Legitimate payday loan sites have no problem doing this, but illegal sites mostly leave it out.
If you thinking about going with a particular payday lender, then make sure the terms and conditions of the loan are clearly stated. If they are not, then leave the website immediately and look elsewhere.
Customer support staff
One of the main differences between legitimate sites and illegal sites is the level of customer service. Legitimate payday lenders always have a team of customer support staff, who are helpful, friendly, and ready to answer any question that you may have.
Of course, illegal payday lenders have nothing of the kind, and if you encounter a problem you would be lucky to even find a phone number.
For this reason, always make sure that the contact details of the company are clearly stated, and don’t do business with any company that you can’t easily reach.
We hope that you have found this article informative and helpful. Remember, the vast majority of payday lenders provide a great service and are there to help people in times of desperate need.