Cash Call Loans:  A Checklist for Newbies

Cash Call Loans are basically American Payday Loans that you initiate with a phone call, rather than an online application. We've developed a checklist to guide you in your quest to get the best deal on cash call loans.

5. Assess Your Need. First consider if there are other sources you might have to obtain the needed short-term funds. Maybe you could get an advance from your  employer, tap into a savings account, or ask a friend or relative. The truth about these kinds of loans is the fees are high, especially if you don't pay them back right away.
6. Shop Around. Competition for Cash Call Loans is intense so do you homework to find the best deals. When making a comparison, look at the TOTAL COST of the loan, including any interest and fees.
7. Don't Be In A Rush. Read and understand all loan documentation before you sign them. Ask all questions you have about Cash Call Loans ahead of time and don't be pressured into rushing into a commitment before you read all the fine print.
8. Verify the Total Cost. The loan documentation should make you fully aware of all fees and interest you will owe for the duration of your loan. It should also spell out any additional expenses you will owe should you decide to roll over your loan, which happens automatically if you miss a payment. If this isn't absolutely clear, either ask the cash advance store personnel to explain it to you, or walk away and find another lender.
9. Pay Off Your Loan on Time. As mentioned, rolling over Cash Call Loans is an expensive proposition that puts many on a debt treadmill if they're not diligent. Bottom line, borrow only what you can repay by your next paycheck or look for other options.
10. Choose the Nearest Repayment Date. Keeping the loan duration as short as possible will minimize the total cost of your loan. To accomplish this, borrow only what you absolutely need - don't use these loans for anything other than necessary expenses.
11. Check Them Out. Doing due diligence on a Check Advance Store includes checking with either your local Chamber of Commerce or the Better Business Bureau to see if any consumer complaints have been filed against them. If you find they have a tainted reputation, look elsewhere. There are many other decent lenders that would love to have your business.
12. Look for a Secure Connection. When obtaining online Cash Call Loans make sure the site can guarantee the safety of your personal information. A quick check of their URL will tell you this. A web address that starts with "https://" - note the "s" - designates a secure site.  Another quick tell: if the site has a valid SSL Certificate - this means that all ingoing and outgoing data from the site is certified encrypted. This is not typical of most American Payday Loans sites.
13. Contact Them. Check the website of any Cash Call Loans company you are considering to see if they have a published address and phone number. Try the number and see if you can get a live person on the line and if they can provide answers to any questions you may have.