Don't Let Sneaky Payday Loan Tactics Trip You Up

There are plenty of safe and secure online payday loan services which are available these days for consumers who need quick cash. These online operations are typically loan matching services that take your application details and then match you up to a lender for a quick cash advance, for example, to help you get through a rough patch. There are, however, certain things that applicants should pay careful attention to when going through the application process, especially once you get to the end of the process.

Here Is What to Watch Out For
Customers must be careful to read everything on the screen, and be especially careful at the end of the loan application process, because this is a danger zone. Many times, additional products will be marketed on the confirmation page of your loan application. This is where similar products and services are "cross sold". Typically, each of these cross sell offers has tiny "Yes" and "No" buttons. Most of the time, the "No" button has already been selected for you. However,in some cases, though, the "Yes" button is already selected for one or more of the offers. Customers who do not change the "Yes" button to the "No" button will automatically be sold that product.

Sometimes, when you are in a hurry to finish up your loan application, it is easy to overlook this small detail. Be careful. It can cost you money. In addition, your application confirmation page may display a larger, flashy button to submit the loan application. This button may distract you from seeing that other offers which have been automatically enabled on the page because they have already been selected for you. Once again, you end up signing up for more than you bargained for when you started out to get the payday loan. Make sure to use a payday loan service that is reliable; then just take your time and pay attention to all the information that appears on the screen before you hit the submit button.

The Federal Trade Commission is cracking down on companies that use these deceitful marketing tactics. In fact, the Federal Trade Commission recently secured an order that imposes a $5.5 million judgment against some defendants that have engaged in these deceptive marketing tactics. While the government does its' part, consumers should take precaution to read over everything that appears on their entire computer screen before they choose to proceed by clicking the submit button.