Anyone heard of the online lenders alliance?
Check for Better Business
Check for Better Business Bureau rating. It's one of the parameters to verify the legitimacy of a business.
As per my research, the
As per my research, the online lenders alliance (OLA) is legal.
However, the Huffington post mentioned, according to the Virginia state law, online lenders cannot charge more than 12% annual interest without a license.
Generally, online lenders charge the high-interest rate from borrowers, so drop the plan of borrowing an online loan.
Submitted by Sanders Patricia on Wed, 03/15/2017 - 04:28
I fully agree with Paul. BBB
I fully agree with Paul. BBB rating is one of the prime option to check whether the business is genuine or not.
Another option is the International Corporation for Assigned Names and Numbers (ICANN). It provides registration authorization for many website domain names and information for checking the actual owner of the business website that you are researching.
Apart from that you can search in various social media platforms like linkedin and online business forums also. I hope you'll find reviews about them if they are legit.
Yes. If you are referring to
Yes. If you are referring to website onlinelendersalliance(dot)org, then it is.
It is an association of all online lenders. If a lender is registered with them, it is most likely that they are legit.