Do You Need a Payday Advance Online?
There has been a sharp increase in payday loan scammers calling Americans and offering them payday loans over the phone, or claiming that you owe money on a loan you never took out. How can you avoid these scammers? Here are a few tips.
Verify The Legitimacy Of The Lender
First and foremost, you should verify the legitimacy of any lender who contacts you via email, over the phone, or via mail. Do some online searching to find their business name, see if it’s a licensed lender, and do your homework to ensure the company is legitimate.
If you can’t find any information, it’s better to be safe than sorry – find a new lender. It’s never a good idea to take money from unverified individuals, and your identity could even be stolen if you do!
Never Put Money Down For A Payday Loan
There is never any reason that you should have to put money down for a payday loan. The whole point of a loan is that you’re the one borrowing money – not sending it to the lender!
You should be especially suspicious if the lender asks for a wire transfer, which is irreversible, or for iTunes gift cards or any other kind of gift card or prepaid debit card. A legitimate payday lender would never ask for any of these payments – or payments of any kind!
Don’t Give Personal Information Out Over The Phone
As a rule of thumb, never give out your personal information to anyone who calls you over the phone, even if your caller ID says they are a payday lender, or the number looks familiar. Scammers are able to “spoof” these numbers to make themselves look legitimate.
If you think you have gotten a call from a lender or your bank, hang up. Then, call them back using their official number. This way, you can make sure the call was actually legitimate.
Check Your Credit Report
If you are contacted by a scammer who claims that you owe them money, and you’re worried that you may have had a debt that you’ve forgotten about, you should check your credit report online.
This lets you see all of the debts and other such information associated with you, and you can look for signs of fraud, or confirm that the scammer is lying. Checking your credit report regularly is a great way to protect yourself.
Check Your Bank, Credit Card, And Debit Card Statements Regularly
It’s a good idea to keep a close eye on your financial accounts if you think you have been targeted for a scam. This way, you can quickly identify any fraudulent activity and take the proper steps to resolve the situation.
Need A Payday Loan? Work With The Pros At My Payday Loan
To avoid scammers and get the money you need, it’s a good idea to choose a certified, reputable online lender like My Payday Loan. As a member of the OLA (Online Lenders Alliance), we’re dedicated to integrity in lending. Start your application today to get the cash you need!