What to Look for in Customer Reviews When Selecting a Payday Lender
Instead of choosing the first payday lender that appears in a search engine, look specifically for lenders that have favorable short-term loan terms for borrowers.
Some payday lenders only offer loans in exchange for setting up an automated electronic funds transfer on the due date.
Here’s what you should consider when checking reviews of a payday lender:
Identify Fake Reviews
Be sure to read several reviews to make sure you're not just reading a fake review, which is common on review sites. Some marketers give themselves away by using a template for generic content that can be used over and over again.
Check for Opinions on Customer Service
One of the most important things to check when going through reviews is what the individual thought of the company's customer service. Be clear on the company's services, loan amounts, interest rates, and fees. Finally, check to see how the lender responds to reviews.
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