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Archive for September, 2016

How to Make Sure You are Applying for a Loan on a Secure Website

By On September 19, 2016 Comments Off on How to Make Sure You are Applying for a Loan on a Secure Website

It is very important to make sure that the loan site where you want to apply for the loan is secure because it involves entering your personal details. Not all loan sites are trustworthy as some are set up deliberately to steal the personal information of ignorant users. Therefore, you must practice precautions when applying for the loan online.

One of the signs that a loan site cannot be trusted is that it display pop up ads. Some pop up ads will install spyware on your computer to steal your personal information. Reputable loan applications usually will not display pop up ads because they know it irritates customers and that it also gives customers a sense of insecurity while applying loans on their sites. It also shows that the site is trying to generate revenue from the pop up ads instead of focusing on offering loans for customers.

The loan application site must be equipped with 256 bit SSL encryption system to protect the information of the applicants. Sites that are protected with 256 bit SSL encryption will display https in the browser address bar of the online application form. The ‘s’ at the end of the http shows that the connection in between your computer and the site is secure. If the url did not change to https, it means that there is a chance for identity thieves to steal your personal information. Besides the https, there should be a padlock icon in the browser bar too.

The loan application site must be belonged to an established bank or lending company. There must be a contact us page where you will find the telephone number, mailing address and email address. They will disclose the physical location of their headquarter on the contact us page to show that they have a real physical office. You can dial the telephone number or try sending an email to the customer support email address listed on the contact us page to see if there is a real team of customer service team taking care of the customers’ query.

An established loan site will display the privacy statement which disclose about the information that they collect from the users. The privacy statement will let you know whether they will sell your personal information to the third party.

Besides, you must not forget about doing research on testimonials written by other customers who have applied for loans at the site. Even big name loan companies will have complaints from their customers so it is wise to spend some time to do research and read reviews. You can go ahead to sign up for the loan if most of the feedback left by other customers are positive.