Many of us worry about giving personal details online and so applying for short terms loans online may be something that we are very concerned about. It is wise to be cautious as sadly there are people out there trying to get our details so that they can use it against us or to commit crime. However, many people use online banking and manage to keep safe and it is not due to luck. They have different techniques that they use to protect themselves and checks that they do, you could do the same think when applying or short term loans online and know that you will be safe. Some examples of things to do to keep safe are:
Representative Example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% (variable). Representative 305.9% APR. We are a broker not a lender. We don't charge fees. We don't sell your personal information.
There are checks that you can do to make sure a website is genuine. Website owners can buy a certificate which shows where the domain was bought from and you can use this to identify if the website is owned by who you would expect. If the owner ties up with the name of the website or the owner of it, then this will show you that it is genuine. When buying this, they can also pay extra to have the data that across the Internet encrypted. This means that if you send information to a company via their website on a form, some will encrypt it and others will not. You need to look out for a padlock on the address bar to see whether it is secure as well as a https:// web address.
If you are using a public computer, such as one in a library, then there is a chance that someone using it after you can extract the data that you have typed into it. There is also a risk using any computer in a public space that someone may just look over your shoulder and see what you are doing and find your details.
If you are using your own computer then it is a good idea to make sure that it is as secure as possible. By updating the virus checker and using it regularly as well as making sure you have a good firewall, you will protect yourself against hackers.
It is important to make sure that if you are logging into an account a lot, that you change the passwords regularly just in case someone manages to guess it or finds out what it is. If you are getting a short term loan, then you may only set up an account once and not really use it. However, make sure you use a unique password and never use it again for anything else.
So it is really important to do some checks to make sure that you are keeping yourself safe if you are sending personal details online. It is possible that your details could be intercepted, you could be a on a fake site or the site could be real but the company untrustworthy. If you make sure that you are careful, then you do not need to worry about it.
If you are still worried, then see if you can talk to people that have used the website and are confident that it is safe and trustworthy. You could speak to friends and family or look online for reviews of payday lenders to see who you can trust. This should help to put your mind at rest if you do decide to apply for a short term loan online. You should find some lenders that you feel safe applying to. However, you may feel safer applying over the phone or in a high street shop, which are services offered by some short term lenders.