Is Nation 21 A Real Payday Lenders?
In the payday loaning business, there are organizations that attempt to match you with third-party lenders there with giving you different options to choose from under one roof. Nation 21 is the best of them and, in as much we are not a real payday lender, once you use our services you will never look back. We are simply your one stop shop for all your payday loan needs.
Once you fill out your application whether online or otherwise, we at Nation 21 will shop around for an interested lender that matches your needs. On the whole, this saves you time used to apply with multiple lenders to achieve the same desired result. However, it is important to note that your loan advance does not come from us but from the real payday loans that we match you with. Furthermore, we do not dictate the terms of the loan or the repayment schedule; this is the preserve of the lender.
How to spot an actual payday lenders
Legitimate payday lenders are licensed to trade in the state they operate, and they follow these state laws to the letter. It is important to note that rogue lenders avoid state laws by establishing themselves off shore or on tribal lands.
It matters that you align yourself with a licensed real payday lender because the law protects you from high fees and penalties which are difficult to pay.
Some illegitimate lenders use your personal information to steal identity, creating illegal companies in your name. It may take you years to sort the mess you find yourself in; others share your email address with advertisers who flood your inbox with junk mail. For this reason, whenever you are in doubt, contact the attorney general’s office for more information.
Make sure the website of the lender you use is secure enough to protect your personal information; a green padlock at the left side of the website is a sign that, that website is secure
The signature URL https// must also appear, s” means “secure sockets layer”. If a website lacks these two features, be wary and keep on searching for a loan provider.
Contact information should be well displayed on the lender’s website including the physical address of their head office, if a lender has no more than an email address, then, by all means, avoid them.
Benefits of a real online payday loans
Licenses and permits – These are in place, as well as interest and fees which are well displayed on the contract you sign hence you will incur no hidden charges from dealing with them.
No guarantee approval– Any lender that guarantees approval up front, should already be a red flag since the ability to repay the loan is the most important part of lending. Be wary of such claims
Loan amounts– payday loans are generally of small dollar amounts, any lender offering limits above what the law permits cannot be a real leader.
Reputation– what others say about your prospective lender is very important, not just on their website, but also independent reviews which are more reliable.
Things you should consider before getting an online loan.
If you are considering taking an actual payday loan, remember that late repayments will only earn you roll-over fees and penalties, therefore, make you repayment schedule concede with your actual payday to avoid this outcome.
Take no more than you require sorting the need at hand, that way you will not strain your budget when repaying. Moreover, none- payment of additional fees gets you reported to the credit bureau and your defaulter history.
In conclusion, before committing to a single lender, confirm that the lender is clearly identified via a phone, physical address and a mailing address.
Additionally, they must be members of Community Financial Services Association of America (CFSA) which provide their seal as confirmation of responsible practices. The said seal is usually displayed at the lender’s shop and on their website as proof.
Does the lender comply with state regulations? Confirm this by making sure that the relevant licenses are in place.