RSSShort term loans: Do your research before applying
Jun 24
You are probably in a rush to get your cash from a short term loan company. That’s fine – if money was not tight, you would not need to borrow using an expensive form of credit.
However, please (I beg you) take a few minutes before applying and ask a few questions of your potential lender. You know… The person who you will be giving your personal and banking information to? I know this may shock you, but not everyone on the internet asking for your checking account is a good guy. =)
Do the following before applying. It will take less than 5 minutes and then you can be on your way to entering your information in the application
1. Read the website. Especially pay attention to any fees and pricing information.
2. Look for a contact method for the company and send them an email or call (if you find a number). Just say “hello, I am thinking about applying”
3. Do they tell you the price of the loan before you apply? (this is a big one… pay attention)
4. Are there a lot of confusing check boxes on the site? (If so, watch out – you could be signing up for a service you don’t need)
Above all else, use common sense – There are far too many options to get cash quickly than risk your bank account to someone you do not trust.
