How to Assess a Payday Loans Provider's Website?
Website Security System
This information is sent electronically over the World Wide Web. Therefore, website security is a must-have feature. Lenders usually display security features on the main page of their site. If in doubt, ask for verification of their safety measures.
Contact a General Customer Representative
If there is any question about the safety of using a payday loans company's website, move on to another lender. Uncertainty is not worth the inherent risks and those who are not willing to supply this information are usually out to scam consumers. Look for words such as "secure" and "encrypted." One's main point of contact will usually be a general customer representative. Unfortunately, some representatives are not knowledgeable regarding website building. If a representative cannot answer this question, ask to speak to a supervisor.
Look at the Loan Contract
The loan contract itself says a lot about the payday lender's honesty. Take time to read over every point in a loan agreement. There should be a section that discusses customer privacy. In this section, it should clearly state that the payday loans company will not give or sell a customer's information to any third-party businesses without the customer's consent. Furthermore, it needs to say that the information a customer submits is only used for application verification purposes. Addressing concerns about how a customer's personal information is handled is standard in almost every contract. So if the company's privacy policy is not addressed, look for another lender.
