Whether your taking out a Canadian payday loan, or you re getting payday loans in Ontario, or even getting cash loans in Quebec, one thing is sure: there are many scammers and con artists out there just waiting for you to slip up and hand over your cash to them.
Be careful! You ll find that their websites look very credible, their sales pitches quite alluring, and their staff and people downright charming and disarming. They ll know just what to say to win your trust and get all the sensitive information they need to siphon your bank account dry.
There are several simple steps that you can take to make sure you ll never fall victim to these people:
Be careful! Remember the elementary rule? Never give out personal information to strangers. Well, the Internet is crawling with these people. Always make sure that your personal information, such as name, address, bank account number and social security number is well guarded every time you go online.
Disregard spontaneous offers If some strange man on the street offered you candy for no reason at all, your first reaction would be to back away. Same thing should go for the Internet. If unwanted sites suddenly send you emails about how great their cash loans are, or how much they re looking forward to working for you, ignore them. The really credible and well established online payday loan companies don t need to resort to such tactics.
Up front fees are a big no no This is a big no brainer. You re getting cashloans because you don t have money to begin with, and some no name company is asking you for a starting fee? Kind of strange, don t you think? Legitimate companies will use their approval process to see whether or not you re worth lending money to, not use cold, hard cash as collateral for money you re supposed to get.
Ask for references Legitimate businesses will never get offended if you ask for references, or testimonials from satisfied customers. It s a chance to expand their business, and, yes, bragging rights.
Exercise Caution with Electronic Money Transfers Many scam artists will ask that you pay or deposit money using electronic money transfers such as Western Union. The problem with this is that it s untraceable, and once you ve sent the money, there s virtually nil chance of getting it back. Ask your cash loans company how the money will change hands, and if there s something that sets your alarm off with the way they handle things, better listen to your gut and look for another company.
Don t let emotions rule you Crooked businesses and downright crooks will use either flattery or threats to get your money from you. They will either appeal to you by giving out really sweet deals, or use harassing or coercive tones to get your money. Never back down from these kinds of people. Make sure to report them to the proper authorities.
The best defense against scams and crooked deals when using online cash loans companies is pretty much your own common sense. So, don t forget to use yours!
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