The Most Trustworthy Online Lenders
If you are looking for the most trustworthy online lenders you should have a relatively easy time finding them if you follow some basic steps. Everyone is aware that the Internet is full of scams so it is important to protect yourself and your private information.
Applying for an online loan requires you to provide some very personal and confidential information, it is therefore essential that you protect yourself.
Most Trustworthy Online Lenders: Names Matter
If you are trying to find the most trustworthy lenders you want to check the name of the company and make sure you have heard of it. If you have not heard of it you want to see if they are registered with the Better Business Bureau. You should be skeptical of any lender that is not listed with the BBB.
In addition to the name of the business take a look at the website URL you are on (e.g. www.mylender.com). Make sure that the URL is for the lender you think it is. Scam artists sometimes use a known name as part of their URL to trick people.
For example, if you are trying to get a loan through Bank A, make sure you are going to a URL that looks like: http://www.banka.com or http://www.banka.com/loans. Avoid any urls that appear with the bank name before the last period. For example http://www.banka.fake.com is actually going to a sub-domain of fake.com.
Bottom line is to make sure you are going to the bank’s website that you actually want to apply for a loan from.
Most Trustworthy Online Lenders: Google Them
Since you will be online when searching for the lenders, you should take advantage of the opportunity and do a little research. Google the lender or lenders you are considering. Do a search for their name and read reviews, reports, complaints, etc.
There are many websites and forums devoted to helping people prevent falling prey to a scam. A simple search on Google can help you prevent making a mistake.
Most Trustworthy Online Lenders: Protecting Your Data
This is also a good time to check that you are applying to an actual lender rather than a site that plans to forward or sell your information to multiple lenders. Again, take the time to review the site carefully. Choose a direct lender.
If you follow these basic steps you should be able to find some of the more trustworthy online lenders.
This article is intended for general information. Always seek sound financial and legal advice before making any financial decision.