If you are looking for a payday loan, then you may wonder where the best place is to get it. There are different companies that offer them, but they are not banks or building societies and so you may not be familiar with them or how to find them. However, there are several ways that you can deal with them and find out more about them.
High Street Shops
There are some payday loan companies that have high street shops. These can be easy to find if you walk along your local streets. Some towns do not have any of these lenders though, you may want to do a search online first to see whether ether are any near to you.
The advantage in a shop like this is that you go in and talk to someone face to face about what they are offering. You can ask lots of questions and get instant replies. This means that you do not have to spend time reading lots of information on a website and can just ask face to face. It can be a lot quicker. If you like things explained really clearly and sometimes find it hard to understand website content, then this can be a good way to find out things in a way that is easier to understand. If you need something clarified, then you can just ask the shop assistant to explain it in a different way or in more detail. These are also great for anyone who would rather not deal with finances online. Some people do not trust the Internet for things like banking or even to do any monetary exchanges and so may rather do it in person instead.
The main problem with a shop is that they have to rent. This means that there expenses are generally higher than those who just have a call centre as these are cheaper to run and they therefore could be more expensive. However, it is worth comparing prices to see whether this is true for the particular one that you are considering using.
Most payday lenders actually deal online. This is cheaper as they do not have to pay rent for a high street shop unit and could mean that they are cheaper, although this should be carefully checked and not assumed. You should have all of the information that you need available on the website and it should also give you a feeling for the company and what it is like. There should be lots of information on it so that you can get a good idea of what they are offering and whether it is something that you would like for yourself. It is good to have a look at all of the site, looking at the terms of the loan as well and understanding how much you will have to repay and when. It is important to find out more about how secure their website is. You will be sending details of your bank account this way and so you want to make sure that it is encrypted. Look for a padlock and a https web address which both indicate that it is secure. This should allow you to decide whether you would like to deal with them.
Some companies, although they are likely to have websites, will deal with you over the telephone. This can be similar to dealing face to face as you will be able to ask any questions that you have and get answers right away. You will also get a feel of the company from the person that you are speaking to and you will be able to find out how knowledgeable the staff are, as well as how polite and friendly. If they have a website too, you will be able to use that to find out more information about them as well. This could help you to decide whether you like the company or not.
Some people are shy of the phone and so may prefer to not use this method, but others prefer it to dealing online when you do not get to meet or even speak to anyone from the company. Some people would rather not give financial information over the telephone and some do not mind, it is all about personal preferences. It can be useful to phone up a company anyway just to get a feel of what they are like even if you choose to apply online, so it is something worth considering.
So where you choose to go to find your payday loan will depend on how you like to deal with companies. You may prefer to deal face to face, use the telephone or not to speak to anyone in person and deal online. Everyone is different in how they prefer to do things. Whichever way you choose, it is wise to try to find out about the company as much as you can first. It is good to make sure that you feel you can trust them and that they are offering a loan at a competitive rate. They may not be the cheapest, but you need to consider value for money as well as just the cost, but want to avoid any that are significantly more expensive. Do not that when calculating the cost of a loan, it is not as simple as to compare the interest rate but it is a good idea to find out exactly how much you will be repaying and compare that, so that you can see the difference in monetary terms rather than just as a percentage. One of the most important things is to not make a spur of the moment decision. You need to make sure that you are making the right decision and choosing the right loan at the right price from the right company. This can have a big effect on how happy you are with the loan as well as whether you get a good deal and therefore taking some time to research things can be really important and need not really take that long either.