Welcome to Loans Guide
Auto Title Loans Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Online Loans – What To Watch Out For
from:Online loans have become increasingly popular as an easy, uncomplicated and relatively straight forward way to apply for a loan from any number of financial institutes and lenders, all from the comfort of your own home. Online loans can be directly between one borrower and one lender, which are typically applied for right on the financial companies website through a secured server. There are also online loan companies that basically take your information and then offer your loan to tens or possible hundreds of different lenders that can then make an offer of a loan or pass on the loan. The company you applied to then selections the top five or ten online loans, passes on the information to you and you then select which loan you choose. These companies basically act as loan brokers, getting a small percentage of the total amount of the loan which is paid by the loan company to the broker. Of course, you actually pay this in your fees and interest, but you are not told of this when you apply.
It is important when applying for online loans that you understand some basic security issues and that you ensure that you are using only "real" lender websites. Some of the common things to watch out for during online applications are:
• Online loans that require an advanced payment or fee for processing. Often these types of loans will offer a guaranteed acceptance or guaranteed approval, however they will require a one time processing fee of some amount of money, usually over $100.00. After you pay the "processing" or "advanced" fee, you will typically receive an email indicating you have been approved and will be receiving an email notice in a few days. You won't receive the email, the company will not respond to your increasing number of emails and you will typically find that the phone number or address of the so called lender is not valid.
• Watch out for online loans that are not affiliated with a real, physical bank or lending institute but that want information such as your social security number, credit card numbers, bank account numbers or other sensitive personal information. Sometimes this is not on the first part of the application, however you will receive a notice saying that your loan cannot be processed without the information. Once you supply this sensitive information the "loaner" fails to make any contact and you may find that your private information is sold to other companies and you may run the risk of identity theft.
• Be cautious that you are really on the lending or online loans website you think you are on. Don't go to these sites from links provided in your email, actually type the name into the browser yourself. Often scammers use URLs and names that are very close to actual financial institutes and make links that are so similar that it is very easy to mistakenly give out information, passwords or other sensitive information, leaving yourself open to identity theft.
Auto Title Loans Specific links
Auto Title Loans News
Auto Loans Leader 1-800LoanMart the Latest Affiliate Partner Added to MyReviewsNow.net’s Online Shopping Mall
People Can Now Easily Shop from Home for Auto Loans by Connecting with 1-800Loan Mart -- the Latest Affiliate Partner in MyReviewsNow.net’s Auto Parts and Services Portal.Las Vegas, NV (PRWEB) May 17, 2012 People who want to turn their car or truck into cash – but keep the title and ownership -- can now get quick and easy auto loans by surfing to MyReviewsNow.net and connecting with the online ...
Read more...Cities move to regulate payday lenders
In Dallas, Austin, San Antonio, Brownsville, Irving, Mesquite, Sachse, Richardson, Garland and Little Elm, city governments have passed zoning ordinances to limit the expansion of payday lending businesses in their cities. The recent state laws require payday and auto title lenders to be regulated by the state and to post a schedule of fees in visible places in their businesses. “In Dallas and ...
Read more...Value
AUSTIN -- Across Texas, city councils are taking the regulation of payday and auto title lenders into their own hands. But lobbyists, who were instrumental in blocking some far-reaching state legislation on lender regulations last year, have also been active in opposing municipal ordinances.
Read more...Texas cities take action to regulate payday lenders
Across Texas, city councils are taking the regulation of payday and auto title lenders into their own hands. But lobbyists, who were instrumental in blocking some far-reaching state legislation on lender regulations last year, have also been active...
Read more...Car title loan company's plans get icy reception from Wrigley Association
A financial services company would like to move into a derelict building and lot on the corner of Pacific Avenue and Pacific Coast Highway, but has received an icy reception from Wrigley Association.
Read more...