July 31, 2024
WalletHub recently published an interview with Greg Stoller, Master Lecturer of Strategy and Innovation, discussing the process of searching for loans online.
Best practices involve researching lenders through the Better Business Bureau, FDIC, or other regulatory agencies to find the best online loans to avoid scams. Being cautious about sharing personal information online is crucial, as dealing with a physical branch might provide more security.
“As much as people no longer enjoy going into the physical branch of the bank since most commerce is conducted online these days, the advantage of doing it for a loan is that you are providing confidential information such as your credit report, Social Security number, financials to a live person and will have a physical person to contact during the process,” Stoller adds.
Balancing the advantages of online lending with the security of physical banking will help you find the ideal loan option for your needs.
