find you the cheapest loan available
Madison, WI (Vocus) September 11, 2010
In response to a recent statement from the Better Business Bureau which warns potential payday loan borrowers of the possible dangers of procuring an online loan from un-licensed lenders, reputable and licensed online Pay1day has released the following guidelines to help assist potential borrowers in their search to find safe online payday loans. There are many trusted and safe cash advance sites on the internet today, but knowing what to look for when searching for an internet loan can prove to be the best method of avoiding possible encounters with unscrupulous lenders.
Some Considerations and Guidelines for Selecting a Trusted Online Lender:
Is the lender licensed? – If the online lender is a direct and licensed lender, meaning that the lender is direct lender of cash officially licensed by the State, then consumers could be more assured that they lender must follow those state laws in order to keep the license.
Beware “Lead Generation” sites – Any websites claiming to “find you the cheapest loan available” through their “vast database of lenders” (or something similar) should be considered an immediate “red-flag”. Of course, not all of these lead generation sites will result in a problem but since these sites don't lend out directly, it can be difficult to find contact info for the actual lender.
Contact customer service – Make sure that customer service exists, and is there to service you if you ever have a question or issue. Sites that are attempting to “scam”, will generally not have a customer service center that or live support and the only way to get hold of someone there is through an email.
As a direct and trusted online direct lender, Pay1day.com strives to provide their customers with the information and knowledge to find a safe and secure loan when needed, and also to know when a short-term loan can actually help a financial situation and also situations in which a short-term loan solution should be avoided.