Friday, 21 October 2011

Is 100 Day Loans A Scam?

Most people would just like to know if one hundred day loans is a scam, this is discussed in some detail here, but for simplicity i will try to explain a little more about them.

The company is legitimate as previously discussed, but do you get scammed by using their service?

The simple answer to this is no, but because they are a broker of loans rather than a provider of loans the potential is there to be scammed by one of the companies that they recommend to you. Searching the internet currently reveals no bad experiences of consumers using them, but the following is good advice to make sure you are covered from fraud and unscrupulous practices.

1. Always use a secondary email address because they solicit your email to lenders that may not have the same high practices as they do. As some customers have noticed you can receive a large amount of payday loan offers to your email address. So if you do not want to receive lots of email, sometimes considered to be spam, then do not use your primary email address.

2. Before signing the dotted line and giving your approval to a lender always check the validity and legitimacy of that particular company, by checking complaint boards and consumer complaint websites, you can use these useful resources to do just that, here, here and here.