If you're short on money, what you're about to find out will save you hundreds of dollars.
By now, I'm sure you feel overwhelmed by how many payday loan stores and sites there are.
How can you tell which companies are honest and which ones are scams?
And, more important -
How can you get a faxless payday loan ASAP - without paying a small fortune in fees? The good news is, not only can you get a safe, secure payday loan online, but you can also get it for free.
How to Protect Yourself from Payday Loan Scams
Before you apply for an online payday loan, here are three ways to avoid scams.
- First, if payday loans are outlawed in your state, or, if a faxless payday loan site charges more than your state allows... then... Leave their site immediately! If a lender breaks your State's laws, how honest do you think they'll be with you? As a rule of thumb, never pay more than $25 per $100 borrowed.
- Second, if their payday loan application page isn't secure, don't give them your personal information. You can tell if an application page is secure if you see a closed padlock in the upper-right or bottom-right corner of your window.
- Third, if you can't find a phone number or postal address within 15 seconds of landing on their site, get a loan elsewhere. If you have questions or need help, you should feel confident they're a phone call away.
And now, the best part...
How to Get Your First Payday Loan Free
You may wonder, "Can I really get my first online payday loan free?" The answer is, "YES!" However, it takes time and you have to know exactly what to look for.
Use Google to look up "Free Payday Loan."
The last time I looked-up this phrase, a whoppin g 1,230,000 results came up. That's crazy, isn't it? And, most of them are irrelevant or junk. Some sites show up in the top results for "Free Payday Loan," even though they don't give you your first loan, free.
Others advertise "Free Payday Loans," and then pull a bait-and-switch. To sift out the gold from the junk, follow the three rules above, and also look for the following...
Read The Fine Print
Free payday loans aren't always free.
Sometimes your first loan is only free if you pay it off when it first becomes due, instead of rolling it over. Before you apply, read-through the terms and conditions so you know what you're getting into.
Get A Loan From a Direct Lender
There are two kinds of payday loan sites.
Most payday loan websites are not lenders. They're brokers who "farm out" your application to a handful of lenders. A payday loan broker may advertise that you could get your first loan fre e... but... When you apply, you have zero control over who funds your loan and the terms of your loan. Suddenly a "free first loan" turns into an expensive first loan.
The easiest way to find out if a site is a lender or broker is to scroll down to the bottom of their site and read the disclosures. If a website is a broker, and not a lender, don't apply.
So there you have it!
When you follow these simple steps, you can avoid costly payday loan scams and get your first loan free to get the cash you need until payday.
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