Flat broke? Maybe you think you need a payday advance loan. Typically, payday lenders require a consumer to provide a photo ID, cancelled check, and a payroll check in order to process a payday advance loan. A review of internet payday advance loan web sites found lenders seeking information far beyond what is typically required by a lender to make a credit decision. Examples of the type of information sought by some internet payday lenders include a consumer's ATM PIN (personal identification number), license plate number, social security number, date of birth, mother's maiden name, height, weight, and eye color. Consumers should never provide such information to a company that they are not 100 percent certain is reputable. Your PIN should never be shared with anyone! This information is certainly not required to make payday advance loans. Given the lack of identifying information about these companies and the requirements to submit significant personal and financial information, consumers should be greatly concerned.

Compare different loan packages and you will see that loan packages are not all alike. Some are much better than others., and not all companies require more information than necessary.