Instant cash loans nz
Avoid scams from dishonest payday loans lenders in Wellington
While many of the lenders that provide payday loans in Christchurch or payday loans in Auckland are legitimate, wherever you go you will always find untrustworthy people. The cash lending business has often had a bad reputation for charging extortionate fees and interest rates by including stipulations in the fine print. You should take every precaution possible to prevent this from happening to you. Below you will find some advice on how to prevent yourself from getting scammed when obtaining a payday loan – because there are quality lenders.
Do not submit multiple applications
Often many lending sites charge a processing fee per application so you do not want to have multiple fees for no reason. Submitting numerous applications will not give you a better chance of obtaining a loan. You don’t want to be spending money before you even know if they will provide you with a payday loan.
Ensure that the lender has the necessary accreditations
A financial entity that is registered as a service provider on the Financial Service Providers Register or that appears on the official New Zealand Government Register can certainly provide you with more peace of mind than other lenders that do not appear.
Ensure that the lender provides a physical address
It is very easy for fraudulent activity to occur on the internet. Some people may pose as legitimate lenders only to take advantage of those looking for a payday loan. You need to be extremely vigilant when dealing with a lender online. A good way of protecting yourself is to locate the physical address that is provided by the lender. Legitimate lenders will do business at their physical address as well as online so this is a good indicator of trustworthiness.
Do not deal with offers that are unsolicited
Today email inboxes are inundated with spam emails. Some of these emails are from supposed lenders who are offering you certain offers and deals. A lot of the time these sites use these emails in order to spread malicious hardware onto the consumer’s computer and to steal their information. Always err on the side of caution when dealing with such emails. Do not even open these emails as you risk obtaining viruses. Remember: if it sounds too good to be true, it usually is.
Try their customer service on the phone
When things do not go as planned, it is always useful to count on a friendly and helpful customer service team ready to listen and help you find a solution to your problem.