When you are shopping around for the best direct payday loan lenders don’t limit your search to company websites. It is very important when seeking a legitimate company that you call the phone number provided in order to speak to a customer representative. You can get a good feel for the way a company will treat its customers through speaking directly to them. A website offers information whereas employees offer insight.
You may think you know everything about a responsible direct payday lender just from having prior knowledge about the short-term loans, but you have to dig deeper into the terms, conditions and practices of individual direct lenders. One of the best ways to pursue the between the lines knowledge about particular lenders is to create a list of questions to ask each one that passes your website test. There are many big banks which seem very similar yet when you dig deeper into the services offered you will find that there are slight differences in how the business is run. When it comes to direct short-term lenders, you may find both service and fee differences.
As you call the top five potential lenders on your list, jot down notes, especially when it comes to costs. You may find that one company may not charge an application fee but charge higher interest rates. Some lenders offer very inexpensive loans as long as they are paid on the original due date. Others hide increased interest and additional charges for rollovers and extensions. You may not plan to miss a payment or keep you loan out for longer than the original two weeks, but it is good to know what you might be up against if something does go awry.
Responsible direct payday loan lenders will offer supportive customer service.
Besides listening to the explanations and costs involved with best direct payday loans, it is also a good idea to pay attention to the representative’s customer service. Are they quick to direct you back to the application page? Is the person willing to explain any answer without showing frustration or in a hurry? Were you comfortable talking with them while you explain your financial problems? Was the person willing to walk you through the process or offer advice even if you are not a customer yet? It is important to feel comfortable in your conversation. The next time you speak to this person may be when your loan payment has fallen through and you need some advice as what to do next. Trust is very important when it comes to money. The last thing you need is a representative who is only looking out for the company. Customer service in any business is designed to help the actual customer not take advantage of their problems.
Once you have recorded information on each company, take the time to read though your notes. Dismiss any lender you were not impressed with and if need be, revisit those that appealed to you. Just because you are shopping for a small loan for a few hundred dollars, it doesn’t mean you can’t treat it like you were shopping for a new car. Comparison shopping is a great tool to use when seeking out the best direct online payday loan lender.
