subject: Cash Advances: How Do You Know What's Legit? [print this page] It's often very tricky to deal with moneyIt's often very tricky to deal with money. If it's your money, the concern is even bigger. With paycheck loans, you want money security. Being aware is the best way to protect your money.
It's always essential to work with a loan lender that is lawful. You may feel most comfortable going into the actual loan business. Borrowing money online can be a bit trickier. The drop in the economy paved the way for more lenders to take advantage of the situation. It's essential that you believe in your online lender. A good sign is if the lender posts or sends you its lending policies. Also, before you commit to borrow money the lender should inform you of the charge for borrowing money as well as the penalty for not repaying it on time. If a company is not transparent in its dealings then you shouldn't do business there.
A good lending history is also a worthwhile characteristic. You want a business that lends money sensibly. You want a company that has reasonable standards to give its loans. Also, be wary of companies that have offers that seem to flashy. A little Internet research can be a big help when choosing a legitimate lender. A number of financial articles websites can be valuable resources for you.
From the beginning one of your goals should be to avoid repaying a loan late. High late fees can quickly mount up and put you deeper in debt. If you do find yourself in that situation, however, you should know your rights about repayment. A company can not and should not call to harass you in any way. You shouldn't give bank account, credit card or important personal information over the phone unless you know the person with whom you're dealing. If you ask, legitimate lenders should be willing to send you information in writing. To fight against harassment, report any suspicious or unlawful practices to an agency like the Federal Trade Commission.
If you're wise, you can successfully borrow and repay money. It's important not to be afraid to ask questions. It's your money and no doubt you want to protect it.
