These days, money lending is very popular. Be it banks, or any common money lender, there are numerous websites that offer money on fixed interest to people.
And this concept is gaining popularity not just in 1 state or country, rather in the whole world. Hoards of websites are there in the world that offer money lending to general public. But even when this concept is so popular, people dislike such websites.
Isn’t it strange? Something that is running wildly, is being disliked a lot. But there are some reasons to it as well. Let’s have a look at what made such money lending websites infamous among people.
Incomplete Information
One thing that is must in this business is the complete information. But most of the money lending websites lack in this basic fact only. In most of the places, there is so much lack of information that people feel repelled at just the basic concept itself.
Hence, if you are a money lender in Singapore, USA, or any other country, make sure that you have accurate and complete information on your website. This is the only way to make sure that people stick to your site and help increase your business.
High Rates
In most cases, the rates offered on various money lending websites are so high, that people can’t even take help from them. Even banks offer very low rates as compared to these websites. So you tell, if such a high rate is being given to people, will they like to come back?
This becomes another primary reason for people to hate such websites. No matter how much they are in a need. But high rates of interest are sufficient for them to find other ways.
No Contact Details
There is no way to contact the owners of these websites. While a few of the sites have contact details mentioned, most of them totally skip this step while building their websites. So, being a money lender, it is your primary duty to at least complete your website. Be it the correct and complete information, or your contact information, make sure your website is complete in all aspects.