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Payday Loan Lenders: Finding Legitimate Candidates

Payday 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.

If you would rather apply for your payday loan by phone, you can simply call us
at (800) 515-2429.

  • Our 2-minute application is fast and easy to complete.
  • Bad credit is not a problem. We specialize in bad credit loans!
  • You’ll know instantly if you’ve been approved, for how much, and what the fees are.

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

A brick-and-mortar company, on the other hand, is usually easy to check on, thanks
to their physical presence. This, however, does not automatically mean that the
company is legitimate. Whether you are borrowing from an offline or online company,
always check that the lender has the appropriate license to operate, has no pending
unresolved complaints filed at the BBB and is a registered lender to eliminate unnecessary

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. The
URL should begin with an ‘https://’ instead of an ‘http://’; the lock icon should
be in place and can be validated; and 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.


The 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.