Ours is a sick world. There are people out there just waiting to take advantage of you when you’re in the worst possible shape. These people are the worst kind of scum, with no moral compass and very little in the way of real humanity.
One of the times you’re most vulnerable is when you’re in need of a payday loan. Generally speaking, you’re not in the best financial condition when you’re taking out a payday loan. You are in danger of being taken advantage of or even outright deceived when you’re desperate for cash.
Internet payday loans are especially dangerous. Yes, there are legitimate payday lenders online, and they’re definitely worth checking out when you need the cash and can’t get it somewhere else. But there are some important things that you need to be watching for, including:
- Privacy and security. To be able to apply for an Internet payday loan, you’re sending the company your personal information. Usually this will include personally identifying information like your Social Security number and/or driver’s license number, as well as your bank’s account number and routing number. In some cases, you’re sending these over unsecure links.
- Identity theft and fraud. When you’re disclosing personal information and opening your privacy like that, you’re exposing yourself to