Online Payday Loans – Separating Good from Bad
Not all online payday loans are the same. There are bad apples in any industry. In payday lending, there are laws to protect consumers, including the Truth in Lending Act, which requires online payday lenders to show borrowers information like interest rates, fees and penalty rates before they decide to accept a loan. The goal is to ensure borrowers understand their loan terms.
So read the fine print. Know the details, including the interest rate, fees, penalties and repayment terms. If an online payday lender doesn’t provide this information before you agree to the loan, then there could be a problem. Our network lenders will present loan offer details up front so you can make an informed decision.