There can be a veritable minefield of toxic websites people could come across when searching for online loans in the United Kingdom. A simple search on Google often reveals a multitude of different websites offering various steels with a range of different annual percentage rates. How is it possible to determine which website you should use when there are so many to choose from? We’ve put together a very simple three-step guide to help you make an informed decision around who to choose considering applying for a short-term loan.
Step one – always ensure the website you intend to make your application for a small loan has the HTTPS protocol within its website address. This will ensure the data you enter into the website is secure and you are not at risk of losing valuable information and data.
Step two – carefully consider the amount of money you are looking to borrow and make a clear plan around repayment dates. With the demise of payday lenders, there are more flexible options in borrowing money available including an instalment loan which extends repayment rates up to 18 months.
Step three – always look at the terms and conditions as this will detail the repayment terms and will spell out in clear detail what is expected of you as the borrower. Websites that profess to offer short-term loans but have no terms or conditions may in fact be spoof websites that will simply be in operation to collect data.