What’s the best loan for you?
CONSIDER YOUR OPTIONS
There are a lot of borrowing options out there. Don’t hesitate to ask important questions. You have to find out how reliable a lender is going to be. Choose a company with which you feel comfortable and confident.
WHAT CAN YOU REALLY AFFORD?
A loan can be a big help in times of trouble. But overextending yourself can actually make things worse. Don’t bite off more than you can chew. Make sure your loan is an amount you’ll be able to repay.
UNDERSTAND YOUR FEE OBLIGATIONS
Not every lender out there is as transparent as PayDay. Some have hidden fees. Some will even apply a surcharge for early repayment! Make sure you understand your fee obligations before you sign on the dotted line.
OPT FOR FLEXIBILITY
The arrangement that best suits you is the one closest tailored to your specific situation. That requires flexibility in the borrowing agreement. Can you repay in multiple installments? Are there additional charges hidden in the agreement? Will you get dinged for an early repayment?
OPT FOR TRANSPARENCY
Conscientious and responsible lenders are transparent about their agreements, conditions, limits and fees. Before you take a loan with any company, makes sure they provide all the relevant information in a clear and easy to understand way.
WATCH OUT FOR FRAUD
Not all online lenders are completely ethical or even honest. In this it is buyer beware. Don’t fall victim to the scammer’s trap.