When looking for a business loan, personal loan or a student loan, How can you identify if an online lender is safe, secured and trusted? Here are some tips that can help you identify a secured online lender.
SSL (Security Socket Layer) Encryption, These features establish an encrypted link between a browser and a web server. Your information will remain private and secure between the browser and the server when you are browsing online. Notice if the website URLs start with “https://” with an extra “s”. This means that the website is secured.
Have thorough Research about the Lender
When looking for an online lender, make sure to start researching their company domain name and business address to verify that they are a legitimate company. Reviewing their domain name, you will be able to review what others have to say about their service. A legitimate company uses custom email like firstname.lastname@example.org. If their website does not have the requirements above, don’t do it.
BBB (Better Business Bureau) Rating
The more the rating from the Better Business Bureau a business have is a good sign of legitimacy. Rating represents how customers evaluate business performance and services. From A+ (highest) to F (lowest).
There are many online lenders available. Make sure that lenders you are dealing with have all the criteria and requirements listed above.