Cash Carrot has a vast network of lenders. When you apply for unsecured short term loans through Cash Carrot, you may receive a dozen quotes. Applicants with more desirable profiles for the lenders may receive over a score of offers. All these quotes are welcome because you would get to choose the best after due consideration. However, you may also get drowned in the process and you may forget to prioritize something extremely important.
You must always read the fine print before you sign up for payday loans. It does not matter how many lenders have sent you quotes. Every lender will have its own agreement. You should never presume that the lenders have similar clauses. It is quite possible that two lenders or more will have identical penalties, fines or late repayment charges. It is also possible the wording of some agreements will be similar. They may seem plagiarized even. That too should not lead you to skip any of the terms. You must ask for a full agreement before you sign up for payday loans. For all practical purposes, you should do this before you decide which proposition you would be going for.
Borrowers often compare payday loans on the basis of rates of interest, loan amounts and repayment periods. These three are indeed the most important factors. However, all of these would have no surprises after you accept a particular offer. Make sure there are no other surprises by being totally familiar with the fine print. This is also why most borrowers should not be in haste while signing up for payday loans. Since lenders promise a fast approval and cash in the bank account within an hour, borrowers get excited and wait for the cash with bated breath. It would serve you well to be proactively cautious and thorough.