Whenever you provide your personal financial data to an unknown entity online, you are risking your financial security. The same holds in the case of online payday lending websites. This is because a lot of such websites are not lenders. They just function as lead generators on behalf of the actual lenders by getting clients for them.
When you fill out an online payday loan application form, then a lead generator will collect information like your Social Security number, checking account number and so on. It is the lead generator who’ll forward your loan application amongst his network of payday lenders for approval.
There is no guarantee that these lead generators will get you an affordable payday loan and hence, you should be wary of websites that claim to get the lowest cost loans for you. This can be quite confusing when you require any sort of assistance with respect to your loans since you are unaware of the identity of the actual lender.
Therefore, be on the lookout for marketing phrases like ‘getting you connected with a network of payday lenders’ or ‘match yourself with the best-in-class lenders’ on a payday lending website, as these will indicate that you are dealing with a lead generator and not the actual lender.
Today’s Financial Services offers online payday loans and car title loans in every city in Florida through our quick online loan application. Unlike other websites that market payday loans, we are a direct loan lender and fund our own loans! To learn more about our services, call us today at our toll-free number (888-573-0132).