Posted on: 08th Feb, 2007 07:59 am
I was wondering how many people plan to try an online lender next time they get a loan. Also, is there anyone who has ever received a loan from an online lender. I see the rates are sometimes very good, but when you are dealing with a large some of money is it better to meet face to face?
I agree on that, suppose you are going to take a 300k loan, it is better to have personal discussion about the loan and other details. One advice I would give to everyone is that they should check if the lender is licensed in their state or not, that’s vital.
One way to know if it would be safe to approach a online lender or not is to check the FTC web site. You can get information on whether any federal proceedings or a disciplinary action has been taken against them.
Chotiwat,
Many of the reputed online lenders also have their offices in the state they do business. They maintain websites to provide information about the loans they offer.
What I can suggest is that if you find a website offering very good rate, check their contact address and then meet them in person at their office.
Zelazny
Many of the reputed online lenders also have their offices in the state they do business. They maintain websites to provide information about the loans they offer.
What I can suggest is that if you find a website offering very good rate, check their contact address and then meet them in person at their office.
Zelazny
Hi chotiwat_w,
Welcome to our forums.
One can go for online lending but then he must gather sufficient details about the services offered by the company. What matters here is the reliability of the lender. Nowadays, one can even check it from the Better Business Bureau website or official records. But then face to face discussion does matter.
However, currently online lending market is growing at a fast pace and borrowers have also started to rely on such lenders. The most important thing about online lending is speed of the transaction. Right from your credit report to appraisal and title reports all are available online today.
You can even check the status of your loan request. There are automated loan decision systems refining the process of lending. Moreover, online loan processing brings down the individuals involved in the loan process thereby reducing time and money for all parties.
Thanks,
Caron.
Welcome to our forums.
One can go for online lending but then he must gather sufficient details about the services offered by the company. What matters here is the reliability of the lender. Nowadays, one can even check it from the Better Business Bureau website or official records. But then face to face discussion does matter.
However, currently online lending market is growing at a fast pace and borrowers have also started to rely on such lenders. The most important thing about online lending is speed of the transaction. Right from your credit report to appraisal and title reports all are available online today.
You can even check the status of your loan request. There are automated loan decision systems refining the process of lending. Moreover, online loan processing brings down the individuals involved in the loan process thereby reducing time and money for all parties.
Thanks,
Caron.
Thanks for your advice.
That's fine chotiwat_w. We are here to help people with our knowledge and in turn learn from their own experiences.
You can always put forward a query or share your views with our community.
Hope you enjoy your stay in our forums.
Caron.
You can always put forward a query or share your views with our community.
Hope you enjoy your stay in our forums.
Caron.