It’s not always easy to find a cash loan lender that you can trust. Cash loans are serious business, a decision that should not be taken lightly. Be a responsible borrower by choosing a lender that’s legitimate and reliable.

Here are some top tips on how to choose the right cash loan lender:

Ensure that they’re legitimate

First things first: make sure that they’re legit.

Don’t get a loan from any cash lender that you come across. Make sure that the lender is duly registered with the government’s Financial Service Provider Registry. Any business that provides financial services must be registered with the FSPR, so look for the lender’s registration number to ensure that they’re the real thing.

Aside from that, make sure that the lender has a physical address and working company phone number as well. This helps prove legitimacy and gives you a customer support avenue to follow should you require it.

Check their reputation

Ensuring that the lender is operating legally is just the first step. You also have to see that they treat their customers right. Do some background research on the lender and make sure that they’ve got a solid reputation.

One of the best ways to do this is to check customer feedback and reviews. Does the lender offer smooth transactions and excellent customer service? Is it easy to reach out to them in case of concerns and discrepancies? How many people recommend them? Consider these when hunting for a reliable cash loan lender.

Transparency must be a priority

No one likes hidden charges and fees. Pick a lender who makes transparency their main priority. Make sure that they disclose the actual cost of the loan in an easy to understand way and that they don’t ply you with jargon and loads of technical terms.

Your lender should keep your information safe

A good lender should have a comprehensive privacy and confidentiality policy that you can access at any time. This policy should disclose the following:

• The type of information they’re collecting from you.
• The people they’re sharing your information with.
• How they plan to use and protect it.

If you’ve got questions about their privacy policy, your lender of choice should be able to answer it properly, too.

They should provide quick and convenient cash loans

Avoid lenders that will have you jump through hoops just to get a loan approved. Choose a trusted lender that offers quick and convenient cash loans with terms and rates that fit your needs. Make sure that the lender explains the terms and conditions of your loan clearly as well.

A good lender knows how to give back to the community

Last but not least, choose a lender who knows how to give back to the community. It’s always a plus point if the lender works with schools, non-profit organisations or charities.

Quickcash lets you apply for cash loans, car loans, and others without hassle. You can even complete your application online. We don’t charge early repayment fees, either. On top of that, we provide fixed interest, as well as an optional Payment Protection Insurance (PPI) for your peace of mind.