Choosing The Best Quick Cash Loan Company
Fast Cash loans can solve temporary cash shortages - many times they are the lowest cost solution when faced with credit card late fees, bounced checks or other NSF situations.
Quick cash loans cost much less many times in these cases.
However...
The Internet makes it very easy to find Quick Cash Pay Day Loans - Thus an attractive platform for those looking to RIP-OFF borrowers as well!
The problem is, many internet companies offering quick cash loans online can CREATE any image they want, hiding their true identity.
Impressive, slick, trustworthy looking Pay Day Loan websites can be created and hosted virtually overnight and then vanish as quickly as they were created. Follow up with many of these companies is a nightmare, should you choose to do business with them.
Have you considered signing-up over the internet for a fast payday loan because a firm sent you an UNSOLICITED email for "Quick Cash"?
BIG MISTAKE! What many of these companies are doing is called "Phishing". Phishing sites are created to capture your personal information such as your name, social security number, phone number, and bank account numbers, etc..
Harvesting personal data and selling it or using it without your permission is unethical but and creates the perfect opportunity for identity theft, fraud, etc..
So what do you do? You desperately need a short term solutiuon to your financial problem - Continue reading - there are legitimate payday loan companies online that you can do business with with confidence.
If your not sure you fully understand payday loans, you can review here - Quick Cash Loans
Common Problems with Payday Loan Companies Revealed
We applied at 42 online payday loan stores in order to sample and evaluate the quality of each of the quick cash loan providers. It was our intention to see the variance in overall trustworthiness, fairness, reliability and ease of use for the potential borrower. We actually went through the online process of filling out the forms and requesting funds, typically about $300.
Basically, how easy was it to sign up? How safe did we feel our information was once we submited it? What were the costs involved? Also,we evaluated each payday loan store on quality of customer service provided.
The results were quite varied.
Once our application was accepted, our goal was to contact a live customer service person for furthur inquiry. We found that many oour companies didn't have live support or the phone call went to an automated message. Also many of these companies had been in business less than 2 months.
Choosing a Reputable Payday Loan Store
We did manage to find at least 2 payday loan stores who had established business online for several years. These companies specialize in safe-gaurding your personal data with the latest internet security encryption technology. Also the delivery of funds happened as promissed. The cost per $100 dollars loaned was reasonable based on the industry standard. We were charged $15 to 20$ per $100 borrowed which was OK.
That being said , you may want to consider a payday loan store from the list below - all 3 are solid and experienced.
What do these companies have in common?
- Secure data transfer - your personal info is safe
- Websites were simple and user friendly.
- 24 hour deposit into your bank account.
- Helpful and friendly customer service