There are numerous online payday loan lenders and these come up when you run a search. Immediately you are faced with the decision of choosing one or two. How do you spot the best online payday loans, lenders? This article will help you spot and choose the best lenders to deal with. I outline 7 things that you need to look for with any payday loans website. Here they are.

  1. Lender, broker or introducer

This is your starting point. The payday loans company or firm should reveal this on their “About us” page or somewhere else on the website. A good lender should readily display the fact that they are a registered lender. Registration information is typically displayed on the footer section of the website.

  1. Online presence


As you browse through a website what impression do you gather about it? Do they appear professional? What image do they portray? These are important questions to ask of any payday loans website you will deal with.

Contact details

A good payday loan website should display contact details. Ideally, you would want to see a physical address of the registered office alongside opening times and days. In addition, they should be a contact telephone number, email and/or a fax number. This information is typically found on the “contact us” page.

Tip: Sometimes it is a good check to ring the provided contact telephone number and determine whether a human being actually answers it and that they make reference to the payday loans company in question. If you are diverted to an answering machine – this should raise concern.

Be equally concerned if an online payday loan lender’s website displays neither a physical address nor a contact telephone number. Surely if they are genuine, they should be open about their contact details.

  1. About the payday loan

How much is offered

Look out for how much they offer. Companies usually state the minimum and maximum loan amounts they offer. Look out for the maximum amount offered to first-time borrowers. If you cannot find this information, look at the frequently asked questions (FAQ) section.

Payday loans charges

There has to be transparency over the charges and interest for borrowing a payday loan. Most websites would have fees and charges page displaying this information. Also, check out late payment fees or default charges should you miss a payment – this information is sometimes on the FAQ.


Most lenders prefer to collect payment from a debit card. Some set a direct debit from your account. Check and establish what means the company will use to collect payment from you.

  1. Payday loan application

Loans criteria

Lending criteria should be readily available for you to review and see if you qualify to apply.

Application process

Next is the loan application process. This should be clearly stated or illustrated. You should know what to expect at every stage of the application. Check out whether the application is done completely online and how long it takes to receive notification of approval. Check to see if you need to submit documents by fax or email. Some lenders may want you to ring and complete the application process over the phone.

Finally, check on how long it will take to have the loan in your account once it has been approved. There is usually the ideal option of fast transfers and a BACS transfer which typically takes up to 3 working days and this is usually free of charge.

Tip: There may be a fee or charge for the fast transfer of the loan to your bank account. This information is not made clear in some cases. Customers sometimes only get to know about this when they are finalizing the application. Do check – the FAQ will sometimes display this.

  1. Online security

This is extremely important. The website should be secure and safe for users to submit personal details. Check out the following 3 things that show the security of any website.

For more about payday loan or payday loan debt help you can visit online experts.

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