subject: How Do You Know What's Legit: Paycheck Advances [print this page] Dealing with money can be risky. If it's your money, the concern is even bigger. Dealing with personal cash loans is no different. Like all money decisions, it's important to make them wisely.
It's always essential to work with a loan lender that is lawful. If you go to a payday loan business, it's pretty easy to judge. Analyzing a cash advance site online can be more difficult. With the economy in bad shape, many more online loan lenders popped up to take advantage of people needing money. If you're going to get an online cash advance, be confident in the business you choose. A good sign is if the lender posts or sends you its lending policies. Before you borrow money, make sure you know how much you are expected to repay. You should pass up any lenders who aren't completely open with you.
You should also look for a company with a good history of lending. You want to find a lender who practices responsible habits. Payday loans are relatively easy to secure, but you don't want to do business with a company that has no standards. Watch out for lenders who make grand promises. A little Internet research can be a big help when choosing a legitimate lender. Financial articles and consumer message boards can help you learn valuable information.
When it comes to paying back your cash advance, you know it's best to pay on time. The late fees for these types of loans are notoriously steep. Should you find yourself with late payments, you need to know your legal rights. It's unlawful for a lender or someone who claims to be a representative to harass you. 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. Don't hesitate to ask for loan information to be mailed to you if you have doubts or questions. 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.
by: Marlon Jackson
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