To start off, it mainly comes down to personal preference. Although the technology for online shopping began in the early 1990s, it wasn’t until the past decade or so that people all around the globe really began to embrace purchasing or shopping for nearly everything online. And when we say everything, we mean everything. From books to hammers and from cars to loans. Yep, you read that right — loans.
But shopping for a loan is a much more serious process than shopping for a sweater or a new computer. So when the unexpected happens and you find yourself in need of an installment loan, you may ask the question, “is it better to apply for a loan in person or online”?
That can be a difficult question to answer, especially since you want to make sure you get the best rates and loan amount. Read on as we break down the nuances of in-person loans (aka retail loans), and whether you should apply for a loan in person or online.
An online loan is a loan you can get that doesn't require you to submit an application in person. And here at Check `n Go we make sure to provide the same exceptional customer service both in-person and online. So, not sure whether to apply for an online loan? There are a number of reasons why applying for a loan online vs in person would be beneficial to you. Consider whether your situation fits into these circumstances:
In-person loans (also referred to as retail loans) are a kind of financing that requires a loan seeker to visit the lender's actual retail branch building, rather than applying for an online loan. In-person loans are offered by banks and credit unions and other traditional lender brick-and-mortar locations, such as Check `n Go.
So, is it better to apply for a loan in person? That, too, depends on your circumstances. If you want to apply for a retail loan, consider the following:
If you are seeking a loan from a reputable source like Check `n Go, then yes, your loan from an online lender is as safe as a loan that you would get from a large bank, credit union, or other brick-and-mortar financial institution. All lenders should check your credit, disclose terms and costs associated with a loan, and verify the loan will work within your financial situation before approving.
Always use caution when sharing information online. If in doubt, do some research on online lenders before giving any of your information, and even give the company a call to ensure you are on the right site. Another option is coming into a Check `n Go location near you for a retail personal loan if you truly aren’t comfortable with the online process. At Check `n Go you receive the same exceptional service and safe processing of your information both in-person or online, so the choice is truly up to you on your preference.
If you have a true emergency, and you need money right away, a retail loan may be your best bet as oftentimes you can get the funds you need the same business day.
If you can wait a while to get a loan, then you might want to take the time to shop around on the internet for an online loan to find the best terms for your situation.
When you decide to get a loan, know that Check `n Go offers both online and in-person loans.
We have been helping people just like you get the financial assistance you need when you need it for over 25 years. Everyone needs a little help sometimes, and we're here to help you handle whatever you may need. Check `n Go is an industry leader both online and in-store throughout the United States. Millions of people trust us to help change their lives for the better, so be sure Apply online or apply in-person and search for a location today!
Editorial Policy: The information contained in Check `n Go’s Finance Academy Learning Center is for educational purposes only and is not legal advice. You should consult your own attorney or seek specific advice from a legal professional regarding any legal issues. Check `n Go does not act as a credit counseling, repair service, or debt consolidation service in providing this content. Please understand that Check `n Go policies change over time. Blog posts reflect Check `n Go policy at the time of writing. While maintained for your information, archived posts may not reflect current Check `n Go policy.
The information contained in our blog posts are the author’s own opinions, not those of Check `n Go or any other company. Any pros and cons are developed by our editorial team based on independent research. Some of the products, services, and offers on this page may not be available from Check `n Go. In Texas only: Check `n Go does not act as a credit services organization in providing this content.