No. Not if you choose the correct company to business with online. Make sure you deal with online approval loan companies that are reputable in nature. They must have years of credible service and favorable reviews for you to begin to trust their competence.
How do I check online approval loan companies to see if they're what they say they are?
Go and check reviews to see if a loan company has been favorably rated by people who have tested their services. You can also run a Better Business Bureau check to get further info on the company you might choose as a loan agent.
How long does it take for a loan to be processed, once I'm approved?
No longer than 24 hours. This is roughly the time frame you should expect to get cash sent to your online account.
How safe is it to submit information to these kinds of companies?
It is very safe to submit information, to an online approval loan agency. The loan agencies go out of their way to make sure that the personal information you submit is safe. Look at the address bar, if you see "https" at the beginning of the URL this means that the site secured from hackers trying to steal your information.
How can I contact the loan company, to make sure they are legit?