4 Tips on How to Avoid Quick Cash Loan Scams

"Before you sign up for a quick cash loan make sure you understand the payback rules of the company you sign up with - stay away from phony quick cash loans ... " - Leslie Collins

1. Ignore Unsolicited Payday Loan Offers In Your Email

A good sign that the company may be a phony is they are constantly spaming your email.

Most of these are just "phishing" for personal information ie..social security number, phone, credit card numbers etc.. If you didn't "opt-in", ignore all attempts of fast cash loan companies to gain your personal information.

Real quick cash loan websites will naturally end up in the search engines results - If you use a search engine, it is better to avoid sponsored results.

Read more about payday loan fraud and how to easily detect and prevent phony quick cash loans

2. Don't Pay Up Front

Legitimate lenders won't ask you for money upfront.

Never pay any fee BEFORE the funds are directly deposited into your account. It seems like common sense but people are getting scammed big time by this ploy.

3. Check Website Registration - Do a WHOIS Lookup

If you are considering an online quick cash company, check the website registration to see who actually owns the domain.

You can easily do this by performing a "WHOIS" lookup on the domian. Simply check the domain at this site - whois look up

If the website is registered to an individual or the registration is hidden, you probably want to avoid doing business with that website - it's probably not a reputable business.

4. Check for Encryption

Encryption protects your personal data when being sent over the internet - any website dealing with personal information should have this level of security

When applying at the lenders apply page, make sure they use SSL ( secure socket layers)

The SSL encryption is a common internet protocol used to protect personal data when transfering over the internet.

How can you know if the page is encrypted? With the page displayed in the browser, look in the URL bar, if the page is encrypted then it will read https://. If it only says http:// with no 's' then the website is NOT encrypted and your data will NOT be safe traveling over the internet.

You also will typically see a small padlock symbol in the bottom right corner of the browser if the page is encrypted. You know your data is safe when you see this symbol. See this website for an example -www.teamquickcash.com

You have a LOT at stake by sending crucial personal information over the internet..

Social Security Number
Bank Account Information
Credit Card Info
Phone - address etc..

Make sure the company exists, is legitimate and has excellent customer service and implements SECURE SOCKETS LAYERS ( SSL). There are GOOD payday loan companies that can help you out. They're expensive (you can't get around that), but also honest and legitimate.

Look for the "Hacker Safe" stamp on the sign up page.

This is probably the best indication of security.

This stamp indicates that the site has a very high level of security and has minimal vulnerability from remote server attacks. Companies like MCafee who specialze in internet security, endorse this stamp and state that a site earning HACKER SAFE certification, can prevent over 99% of hacker crime.

This company meets this requirement above - www.PayDayOne.com.

If your not sure you fully understand payday loans, you can review here - Quick Cash Loans

Summary - Only Use a Trusted Fast Cash Loan Company

Believe it or not, many quick cash loan companies, brick and mortar or online are legitimate businesses.

However with the power and speed of the internet, cyberspace has become an open door for phony online fast cash providers to waltz through and set up shop.

It's easy because the image and presentation of the websites for most of these payday loan companies look slick, professional and legitimate. They're real clever.

The reality is that it's really quite easy to take advantage of people in desperate financial situations, especially online. In fact, fake payday loan lenders are one of the top fraudulent businesses currently operating on the Internet.

Doing your due dilligence is strongly advised - one idea is to check with the Better Business Bureau - we have done the same and provided what we feel is a list of trustworthy online fast cash loan providers. Best online fast cash loan companies