The Pay Lending industry industry, probably more than any other industry, lends itself to online scammers. The reason being is that the people who are generally looking for a payday loan online are in a desperate situation or crisis and they don't have many options financially. Add the element of urgency and you have a ready made playing field for an online scam artist.

If you are currently searching for a online payday lending company than please check the following list of 5 points to avoid being scammed by a payday lending scammer.

1. Does the website carry the CFSA seal? The CFSA (Community Financial Services Association) of America is the only national organization dedicated solely to promoting responsible regulation of the payday advance industry and consumer protections through CFSA's Best Practices. In short they help monitor payday lending companies to help prevent the public from being taken advantage of by unscrupulous payday lenders and payday loan scams.

2. Avoid submitting a lot of applications from different website hoping that the more you fill out the better chance you have to be approved. Many payday lending websites charge a fee for the application process. You don't want to find out later that you were charged a fee by every company you submitted an application to.

3 .Be careful of 3rd party payday lending sites. These are sites that take your application and shop it around to different lending firms. Sounds great on the surface but unless they have a policy of disclosing everything up front you will have no way of knowing who they are giving your information too. For all you know you are trying to borrow from a over seas bank. At the very least you could be unwittingly be signing up to a dozen or so "Free Trial" that will be happy to charge your account when the free trial period is over.

4. Locate a physical address on the website you are considering borrowing from. Any legitimate payday lender
will be happy to disclose all of their contact information. It is a huge red flag if a payday lending co. doesn't print their street address or you can only contact them through an email submission form.

5. Simply do a quick check on the Better Business Bureau website or one of the rip off report sites. There is nothing worse than being scammed online so you can be sure that if a particular payday lending company has been caught in a scandal, someone has published a complaint against them.

Unfortunately there are many things in the fine print that you are not going to know unless you go through it carefully so even if you have to find someone to help you get through it, please do so. Payday lending companies make the bulk of their profit off of late fees and penalties so don't be like the 90% who don't pay the full amount on or before the appointed due date. Do your part and use this simple check list to avoid being scammed.