Don't Get Scammed By Trying This Legitimate Payday Loan Service
Around 200,000 loan fraud cases were reported last year. Though most of the victims were between 30 and 39 years old and had established credit scores, it has been proven that fraudsters can easily target anyone.
Thankfully, if you take your time to learn more about the matter, you’ll be able to easily detect a loan scam in the early stages. All you would have to do is consult our guide before taking advantage of a payday loan service offered by an unfamiliar lender.
What Are The Most Popular Payday Loan Scams?
The Advance-fee Scam
The scammer will try to charge an upfront fee for a loan amount (that you’ll never receive). The 'lenders' might ask you to pay in cash or even gift cards. Remember that legit companies never charge any hidden fees, and if there is a payment that you should cover, it will be automatically deducted from the loan amount.
Scammers can use texts or e-mails to trick you into clicking on the link. Once you do that, they will get their hands on your personal and financial data. Never click on such links. Instead, visit the lender's website directly.
How To Spot A Payday Loan Scam In South Carolina
We have already figured out that you shouldn’t pay any upfront fees or click on suspicious links. But there are a few other red flags that you should bear in mind:
- If the lender guarantees approval, then it’s a scam. You can find reputable lenders that are ready to consider all types of income and credit, but they will never say that you have a 100% chance of qualifying for the loan before you even share any of your financial information with them.
- Trustworthy lenders will never pressure you to act ASAP. If the company is trying to convince you to take out a loan by advertising a limited-time offer, then you might want to continue searching for a lender.
- If the company representatives are refusing to answer your questions or if their answers are not thorough enough (even though you continue asking follow-up questions), then there’s something wrong with this business. Legitimate lenders should take their time to explain to you the whole process and the terms of the agreement.
What Are The Signs Of A Legitimate Payday Loan Service?
If you’re looking for a lender in South Carolina, then one of the first things that you might want to do once a company catches your eye is use the Nationwide Multistate Licensing System Consumer Access website. This free tool allows you to confirm that the financial services company is authorized to conduct business in your state.
Also, pay attention to the lender’s website. It must be secure (the address should start with a ‘https’ and there should be a padlock sign next to it) and you should be able to find the company’s physical address and phone number.
What Are The Benefits Of Choosing Carolina Payday Loans, Inc.?
Carolina Payday Loans, Inc. has been helping people who have found themselves in a challenging financial situation get access to fast cash in the shortest timeframe.
The company has a network of convenient neighborhood locations and competitive rates. You might end up getting approved in just 30 minutes and qualifying for up to $550.
By the way, you can get the process started from the comfort of your own home. Fill out a quick online payday loan form and wait for a friendly company representative to give you a call. The expert will set up an appointment for you to come to the nearest store, so that when you arrive, one of the representatives will be waiting for you.
You’re not going to need to gather dozens of documents to apply. All you need is:
- Your driver’s license or photo ID
- A blank check from your active bank account
- Your most recent pay stub.
Can You Apply Only With Good Credit?
Non-existent or bad credit should not prevent you from applying. You might get approved even if your score is below average. That is because other factors will be taken into consideration by the lender when determining whether or not you qualify (such as your income and ability to repay).
Try Out A Legitimate Payday Loan Service Today!
Finding a trustworthy lender in today’s world can be difficult. But don’t worry – we have done the hard job for you. If you decide to do business with such a reputable service provider as Carolina Payday Loans, Inc. you will receive the money as soon as the same or the next bank day, if approved.
The company works with all types of credit and the friendly professionals are always there to answer any questions that you might have. Ready to get your money? Then start the application right now by filling out the online form.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.