The first move you must make is to only deal with actual lenders. There are thousands of websites out there that act as a loan matching service that works to put your application in the hands of lots of lenders. This might seem helpful, but many of the lenders that they’re sending your info to are the shady ones that you hear the horror stories about! Only take this route if you want to get a loan from a company outside of the US that doesn’t have to follow the laws that are in place to protect you.
So how do you do this? The easiest way is to get your loan in your city, rather than online. Every lender that you find in your area is an actual lender and is licensed in your state to lend.
Online it’s a bit of a different story. All of the lenders that work locally will probably also loan online, so that’s a safe bet. Otherwise you should be looking at companies like Cash One, Payday Max, or Speedy Cash. These lenders don’t work in every state, but they are legit companies. If you do get apply online, make sure it’s a no fax payday loan to save you the time of having to track down a fax machine.
The key to staying safe with these loans is to avoid “false lenders” at all cost. Taking that route opens you up to way too many problems for it to be a smart way to borrow money. Payday loans are risky enough, don’t make a bad decision that makes it worse.
This tip is so simple; you can implement it immediately and start seeing results you want! But it doesn’t stop there.
You can actually take this a step further and increase your understanding using another simple technique. The problem is, I don’t have the space here to share it. It is, however, on my website.