Why Southwest Title Loans Is An Online Lending Company You Can Trust
How do you know if an online lending company is legitimate? How do you protect yourself from fraud, and find a website you can trust? Read this article to spot the red flags, and why Southwest Title Loans is an online lending company you can trust.
Signs Of A Fraudulent Online Lending Company
There are actually scammers and frauds in every industry. They’ll use websites to lure you in and sweet-talk you into buying their (non-existent) product or service. But that doesn’t mean that all online companies are bad. You just have to know how to spot the scams.
The Online lending Company Isn’t Registered In Your State
The Federal Trade Commission (FTC) requires all lending companies to register in the state where they operate. So, search the website for a list of states where they do business. Sometimes it is listed on the home page, the company history, or the terms and conditions.
You Have To Get A Prepaid Card Or Pay A Fee Before You’re Approved
It’s normal for any lending company to charge processing fees and interest, but these are usually deducted from the loan. It is not normal for them to require you to pay a fee at the beginning or ask you to send money or buy a prepaid card to start the process.
They Use Cryptocurrency
A legitimate online lending company will transfer payment through direct deposit, wire transfer, or a check. It will not use cryptocurrency, give you a prepaid debit card, or a gift card. Unlike cash transactions, these payment methods can’t be traced, so you can’t even report that the money you put into it has been stolen.
The Online Lender Does Not Have A Physical Office Or Address
Online scammers won’t have a physical address, or they may provide a fake one but it turns out to be an empty lot. You can verify it by using Google Maps, or actually pay a visit to the address they are providing to you.
You Won’t Speak To A Real Human Being Or Get Good Customer Service
All transactions are made via email or chat. If you ask a question, you either don’t get a reply right away or all the answers are carefully scripted.
In comparison, a legitimate online lending company will train their loan representatives to provide good customer service. They reply to queries right away and will answer all your questions. You also feel that they’re actually making sure you understand the loan process and terms and are not just rushing or pressuring you to sign.
It Makes It Difficult For You To Get Money
Unscrupulous lenders will get you to pay fees or give information but then will give you the run-around when you try to collect your loan amount. You either have to submit a lot of documents or are told to wait several days. When you follow up, they disappear.
It’s A Small, Unknown Company
You wouldn’t give your money to a complete stranger, and you shouldn’t borrow money from a lender with a bad website and a small, dark office in a forgotten back alley. Even if they aren’t scammers, you’re not entirely sure that they’re competent or professional.
Go to an online lending company you can trust. It has positive reviews, several branches around the state, professional employees, and clear procedures and systems.
Southwest Title Loans: The Online Lender You Can Trust
Don’t take risks! Go to a reputable, established online lending company like Southwest Title Loans. We have provided car title loan and registration loan az help to thousands of customers since 2000, and are known for our consistently high quality, professional service.
We Have Branches All Over The State
We provide an online service for your convenience. However, we also have physical offices which we list in our website store locator. You can visit our offices any time, or directly call the branch number.
We Are Always Honest And Transparent
Our loan representatives will always explain your options and help you decide what loan is best for your needs—whether it’s a title loan or a registration loan. We encourage you to ask questions or share your concerns, and we will never pressure you to sign right away. Instead, we make sure that you are armed with all the facts to make an informed decision.
We Protect Your Privacy And Security
Our online query form is only used to contact you or enable us to provide customized quality service. We do not ask you to share sensitive personal or financial information when you inquire through the form.
Efficient Process And Fast Payout
Unlike scammers who try to draw out the process, we do our best to make it as easy and possible for you to get the money you need.
After you submit your online inquiry form, a loan representative will call you and explain the title loan or registration loan requirements. You then go to the branch location to show your documents – the vehicle title and a government-issued ID – and have a vehicle inspection.
If your loan is approved, you either get the money on the same day or the next bank business day. The whole process takes less than 30 minutes!
Get Your Title Loan Or Registration Loan Today
When you need to take a loan to cover emergency expenses, go to an online lending company that you can trust. Southwest Title Loans offers great service for either a title loan or a registration loan. Contact us today to find out how we can help you.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.