We know that life is full of unexpected surprises, which is why we offer easy cash loans with no hidden fees, credit checks, and real money help for real people.
Getting a loan online is only a part of the deal when you’re in the need of money. The safety and security of obtaining a loan are another part. And we’re looking at this part right now.
When you’re in the need to address one of the lenders for quick legitimate payday loans, you should care about safety. This, point by point, is comprised of:
Legality of a lender in the limits of the state it operates: any lender has to have an official financial lending license strictly allowing doing this type of operation in the given state. Note that every state has its own form of such license, as well as the rules and regulations connected to obtaining and using it.
Security of the website you’re using to file for lending: it has to be HTTPS, not HTTP, and have 256-bit encryption of all information transmitted online (usually, it is denoted by a specific graphical icon on a webpage).
The possibility to sign a payday credit application with your e-signature. It makes sure it is submitted by you, not someone else, as well as there will be no legal possibility for anybody to claim you’ve submitted it unless you’ve signed it (this excludes fraud of submitting an application from your name and inserting your data but the money goes to another person, whilst you receive only the obligation to repay the loan).
Many organizations that lend amounts of money are interested in meeting minimal requirements by their borrowers so as to safely lend them money. For it, they collect much data at the application stage and also interested in how a potential borrower shall repay the debt, finding out the income/salary and monthly expenses (and looking at the credit history). Those lenders that don’t do such checks are not always legit, as they give out the money without showing interest in the fact that a person can actually afford to borrow.
The microfinance organization should operate from its own name, giving the lent emergency money to you from its legal entity’s account. It also has to be responsible for the entire cycle of handing a customer. If this organization is just an intermediary, sending your personal and financial data to hundreds of end (true) lenders, this is very unsafe, as you never know where your data ends and in what dubious schemes your name will appear (as they trade your data on a black market). That’s not to say all intermediaries are bad but at least, they have to cause reasonable doubts in you.
When you’re choosing a lender to come to, pay attention to these:
A company is a licensed legal entity with an official address in the US
It owns at least 1 brick-and-mortar office for its administrative personnel, not just a website
It operates on the market for over 2 years
You can’t find discrediting information about this company online
Contractual obligations for lending are clear, transparent, and concise
The organization does not require any fees, commissions, or payments prior to giving you a credit, as well as it does not take these for its intermediary credit services before the loan is granted to your bank account
Credits are provided at an adequate price, from the low rate to moderate, depending on each specific borrower.
When a borrower corresponds to all established legal and financial minimal requirements of legit cash loans, consideration of a loan for him or her should take minutes or hours at most. If a lending request was submitted online with 256-bit encryption, on an HTTPS site, and using an e-signature, these are characteristics of safe loans.