With the rise of independent lending, many people got the opportunity to solve their financial woes. Just like banks and financial institutions, independent licensed money lenders can now be found in numerous social media platforms. Facebook is the best place where these lenders can be found. Transactions and inquiries can be done smoothly because you can just leave comments or messages in the lenders’ Facebook accounts.
Now, the question is imminent: can you trust Facebook lenders, especially the independent ones?
A Matter of Trust
Trust is important in lending. Independent lenders should focus on the best interests of their clients, and the clients should return the favor by repaying the salary loan on time. Somehow, Facebook is a good way to measure the reputation level of the lender. Observe the comments section of the lender’s page. If there are too many negative remarks, stay away.
Reviews Can Help
Reviews are also great sources of timely information about lenders within your area. Facebook reviews are viable, but other lenders probably have websites that you can check. As a rule of thumb, choose a Facebook lender that has mostly 5-star reviews. However, this is not a hard and fast rule. Other lenders with good reviews can still give you bad loan deals. Be sure to increase the efficiency of your research.
Loan Philippines can give you important advice whenever you need loan information about personal loan in Philippines. Not all experts can help you, but most of them are more than willing to share what they know about the industry. By approaching these lending companies in Manila, you can find invaluable referrals. These experts can be found in financial websites, loan forums, Facebook discussion groups, and even in other social media platforms.
Before putting your trust to any independent lender, make sure that all of your preliminary checks are covered. If still in doubt, approach large banks instead.