Tiz Loan Review

Tiz Loan ReviewTiz Loan says that you can get a payday loan in just 3 easy steps, which is something you’ll often see when looking to get a cash advance. The big question is whether or not this is really a three step process, and when you can expect to get your cash.

The first step, as always, is to fill out the loan application. That’s where a company like this is going to get their money, from collecting your data and passing it on to an actual lender. They are not a lender and they will not be the ones sending money to your account. Their job is to simply collect your information and pass it along to interested parties that may or may not extend a loan offer to you.

This sort of business is the most common one when looking for a payday loan, as there are many more “matching services” than there are lenders. When you see a company like this you’ll often find a disclaimer stating that they are not a lender. We looked but couldn’t find that, instead we had to see on a different page that they work with lenders, hence they themselves are not a lender. It would be a good idea on their part to make this information more easily available, such as in the fine print at the bottom of the page, where you’ll find it on many other websites.

Tiz Loan Review – What You Need to Know

Tiz Loan, at first glance, seems like a pretty good company to do business with. That is until you realize that there isn’t much going on here, and that the information they’re providing isn’t very helpful in making the decision to give them your information. For example, their “How It Works” page doesn’t really explain how the process works, but instead provides you with the requirements on applying, such as being employed and being over 18 years of age.

They do say that they work with the nation’s major loan companies, but they do not list who they are, and they do not provide information as to how they work with them. Are they owned by these companies or do they get a commission when you take out a loan with them. Do they receive compensation just for sending them your data, or do you actually have to follow through with a loan before they get paid. This information is important so you know what sort of service you’re going to get from them. If they just pass your data along and get paid to do so, they probably won’t care if you have any problems, since they’ve already been paid. But if they only get paid when you take out a loan they have more of a vested interest in you taking out a loan and will provide better service.

No Control Over the Process
There’s no way that Tiz Loan can control how long it takes for a lender to get back with you, so there’s really no way to know how long the process will take. When you deal with a direct lender, or a service that looks a little more professional than this one, you at least know that you’re going to get an answer relatively quickly. The only problem is that many lenders will not deal directly with the borrower when it comes to acquiring a new lead, so you almost have to go through one of these services. The trick is picking the best one.

In the end it’s up to you to figure out if this is a company you want to do business with, but we’ll provide our recommendation below.

Our Recommendation
Tiz Loan doesn’t provide enough information about what it is they’ll do for you, or why you’d want to go with them over another lender. Their application page lacks the proper encryption, as the URL does not display https, but rather http, which means it’s not being hosted on a secure page. Any time you check your email or your Facebook you’ll see that you’re on a secure connection, so shouldn’t you get that same security when you are entering your employment and banking details? It’s a big oversight on their part and one we can’t overlook.

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