Maintaining Your Safety When Applying for Online Installment Loans

Applying for a loan online can help you get the cash that you need to pay bills, improve your home or meet a variety of other needs. However, how do you make sure that you remain safe during and after the loan application process is complete? Let’s take a look at a few tips to ensure that you provide information only to parties that will keep it secure.

Never Give Out Personal Information During a Live Chat

You should never give out personal or identifying information during a live chat session. The only reason that you should use live chat is to ask questions about loan rates, ask general questions about the application itself or ask for clarification about other issues that you may be having. If you provide your social security number, address or other sensitive information in that live chat session, it could be copied and sent to others without your knowledge.

Review the Security Settings a Lender Uses

Before you provide information about yourself in a loan application, you should review the lender’s privacy and encryption policies. If you have any issues with the security protocols or have any other reservations about how your data is collected or stored, you should stop the application process and look for another lender. You should also review the lender’s privacy policy in the event that it stores information to make future applications easier and faster to fill out.

Run a Security Check on Your Computer Before Filling Out an Application

Even if the lender has taken steps to ensure the privacy and security of your online application, your PC or other mobile device could be infected. A keystroke logger or other similar spyware could collect completed copies of any forms that you fill out or even show a hacker what you are typing as it is inputted.

In addition to making sure that your device hasn’t been compromised, make sure that your network is free from any viruses or other potential security hazards. As a general rule, you should never complete a loan application using a public WiFi network or over your employer’s network as it may be monitored.

Online installment loans generally offer reasonable rates, flexible repayment terms and loans to those who have good, bad or no credit. However, make sure that you are taking steps to ensure that the loan application and the information on it are seen only by the lender. If you think that your information has been compromised, you can contact the credit agencies to put a freeze on your credit report or contact local authorities for more help. Please visit www.Lendgreen for additional information.

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