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Payday Loan Lenders: a guide to finding the Legitimate Candidates

Guaranteed Loans No Credit Check, Guaranteed Loans Direct Lenders, Quick Guaranteed LoansPayday loan lenders offer you services to get the cash you need fast and easy but not every one of them may be the best choice for your needs.

When you apply for payday loans with Purple Payday Loans, we will submit your application to our network of lenders and get you the cash you need fast.

You’ll know in seconds if you’re approved and for how much.


A payday loan can be the best option there is when instant access to cash is needed. Payday loans are provided for people who wish to borrow an amount of money against their paycheck.

These types of loans are probably the most widely available because they require very few documentation and are easy to obtain. Find out what to look for when searching through numerous payday loan lenders.

Online or offline?

Many of the payday loan lenders offering payday advances these days operate online and are highly likely to accept applications through e-mail or fax. They are more convenient than offline businesses.

However, they also tend to be difficult to trace in case they renege on the agreement or are simply running a scam.

Whether you are borrowing from an offline or online company, always check that the lender has the appropriate license to operate. The payday loan lender must have no pending unresolved complaints filed at the BBB, and is a registered lender to eliminate unnecessary risks.

Secured transactions

Legitimate payday loan lenders should be able to provide clients with the necessary tools to make every transaction safe and secure. These tools can usually be gauged by the way the company transacts its business.

An online lender, for example, should have certain security measures in place. Here are some that you need to take note:

  • The URL should begin with an ‘https://’ instead of an ‘HTTP://’
  • The lock icon should be in place and can be validated
  • SSL certificates should be used (usually displayed on the homepage).

The company should also be able to offer privacy protection for their clients, particularly since they will be asked to provide personal information as a requirement during the application process.


Installment Loans Direct LendersThe last thing any borrower would want is a surprise from the lender.

Before signing up with one, always check the details on the agreement and on the fine print. Go thoroughly through the information provided regarding the application process, requirements, approval and the repayment terms.

Many companies will also charge a fee for the transaction, so check what types of payments you need to make prior to approval.

Ask questions and do not hesitate about asking for more details if and when necessary. A legitimate lender will gladly provide you with the necessary information to help you make an informed decision.

Rudi Waffler