How to find out if a loan company is legit

Finding a legitimate loan company is not an easy task. Before taking out a loan, it’s essential to gather all the details about the legitimacy of the company.

Finding a trustworthy loan provider is not always simple. Before committing to a loan, it is critical to gather all relevant information about the company’s legitimacy.

And definitely, you don’t want to deal with a sketchy loan firm that will just make your financial position worse.

how to find out if a loan company is legit

Legitimate Lenders vs. Illegal or Shady "Lenders"

Knowing that several lenders offer short-term loans to assist people in getting back on their feet is encouraging. But this comes with a catch: There are many more shady loan services out there than genuine ones. When looking into a loan organization, there are various indicators and signals you may use to determine if they are who they claim to be.

In contrast, verifying the trustworthiness of an online company has never been simpler. That’s why we’ve provided a quick overview of the most important aspects of this topic, so you can quickly check if the lender is legit or not.

Review the loan agreement with an attorney if unsure

Confused about the legitimacy of the loan agreement? An attorney can help you sort it out. If a business seems too eager, look elsewhere. Signals that you may be engaging with a loan fraudster include being placed under undue pressure to make a quick decision. Reputable lenders will have no problem with your attorney looking at the documentation.

Call the listed phone number on the website of the company

If you call and get redirected through a touch-tone phone system instead of talking to a real person, that’s not a good indicator. Use prudence. A customer service department is a must-have for any serious business. If the company’s website or other promotional materials don’t provide a phone number, you can assume it’s a hoax.

Pay attention to the company's email address

A generic free email address, such as Gmail, Yahoo, or Outlook, or an email address that appears to be from a legit lender but is misspelled, is a warning sign. If this is the case, the loan company is likely a scam.

Direct Lenders vs. Matching Services

Learn the key distinctions between matching services and direct lenders to make the best choice for your financial needs. When dealing with a direct lender, they will handle everything involved with the loan. They evaluate your application for a loan, determine if you meet the requirements, respond to your inquiries, and deposit the funds into your account. Yet, as a borrower, you can benefit from the intermediary services of a matching service company, which can help you find a loan from a variety of different lenders. A lending matching service does not decide whether or not to grant a loan and therefore cannot be held responsible for the actions of individual direct lenders or the quality of their services. Remember these distinctions as you evaluate a company’s trustworthiness.

You only deal with one company when you borrow from a direct lender. When you use a matching service to look for an installment loan, your application is sent to several companies in the broker’s network. That means that more companies will receive your loan application, and the one that accepts you will let you know. Even if you trust the service that put you in touch with the company or organization, you should still read some feedback about the company that contacted you. You’ll be dealing directly with that entity, so make sure they’re trusted.

Direct Lenders

1. Safe Loan

Safe Loan is a direct lender and also Tribal Lender that provides loans for all type of credit including bad credit loans with minimum documentation and quick approval without hassle. Safe Loan offers installment Loans up to $1,200.

Website: https://safeloan.com
Valid phone number: (888) 320-2380
Valid email: Yes, support@SafeLoan.com

2. Cascade Springs Credit

Cascade Springs Credit is a direct lender and also Tribal Lender that provides loans for all type of credit including bad credit loans with minimum documentation and quick approval. The maximum loan amount for first-time customers is $800.

Website: https://www.cascadespringscredit.com
Valid phone number: (800) 668-9085
Valid email: Yes, manager@cascadespringscredit.com

3. Lend You Cash

Lend You Cash is a direct lender and also State Licensed Lender that provides loans for all type of credit including bad credit loans with minimum documentation and quick approval without hassle. The maximum loan amount for first-time customers is $1,000

Website: https://lendyoucash.com
Valid phone number: (888) 743-6229
Valid email: Yes, support@lendyoucash.com

4. Good Loans Fast

Good Loans Fast is a direct lender and also Tribal Lender that provides loans for all type of credit including bad credit loans with minimum documentation and fast lending decision.

The maximum loan amount for first-time customers is $1,000, if qualified. Qualification relies on various underwriting factors.

Website: https://goodloansfast.com
Valid phone number: (888) 522-2848
Valid email: Yes, customerservice@goodloansfast.com

5. Net Cash Man

Net Cash Man is a Lender that provides loans for all type of credit including bad credit loans quick approval. The maximum loan amount for first-time customers is $1,000.

Website: https://netcashman.com
Valid phone number: (888) 804-0394
Valid email: Yes, manager@netcashman.com

Be advised that if an offer for a loan looks simply too good to be real, there is a very high possibility that it is not good in any way. People who are in urgent need of financial help are easy victims for con artists who offer loans without conducting credit checks or verifying the borrower’s income. When you’re in a bind, this may seem like the best alternative, but the organization might not be what it seems.

You can put yourself in a more difficult situation than before if you take any deal without carefully reviewing its authenticity. If you want to avoid falling for a fake loan offer, you need to be well-informed about how to recognize one.

Only legit lenders and loan organizations that meet OLA and best lending practices will be included and recommended by Flash Financial Guide. Therefore, you can apply for any of the available loan offers to cover your financial needs, whether you have an emergency cash need or bad credit.