Cash America International, based in Texas, is making waves in the online lending industry by offering its internet loan company as a public offering that could net $500 million for the company, the Fort Worth Star-Telegram reports.
The company's online lending subsidiary, Enova International, makes short term loans over the internet for roughly $500. These short-term loans are valid from seven to 45 days, depending on the arrangement. Last year, the company made approximately 5 million loans, the news source found. For customers seeking short term loans online, there are a few steps that can be taken to ensure privacy, according to lender Speedy Dosh. Before one enters any personal information in an attempt to attain this nontraditional credit
line, it should be confirmed that the loan website is adequately secured with a Secure Sockets Layer (SSL) certificate. This can be accomplished by making sure the web address is modified to "https" rather than "http." If the website doesn't automatically head to such a URL, users can easily type in the extra "s" and modify the site themselves. This means that the information shared on the site is only seen by the website's server, adding another level of safety.