(I-BusinessNews.Com, July 06, 2012 ) San Jose, California -- Today, US-based provider of payday loans, Payday Loans Online Lenders, announced its continued success in matching customers needing short-term cash with its bank of reputable lenders. The response was mixed to Providence lawmakers’ recent voting against a bill to cap payday loan interest rates, with many saying that the bill would have left customers with fewer ways to survive but some arguing that lenders may take advantage of the legislation.
“It’s up to companies like us to try to change the stereotypical view of payday lenders,” said President of Payday Loans Online Lenders, Joseph Crupie. “Unfortunately we can’t restore faith in our specialty alone, but what we can do is continue to match customers who for one reason or another need to bridge the gap between paydays, with a bank of ethical and responsible lenders.”
The company prides itself on its robust knowledge of the laws and regulations of every state, to provide expert knowledge to the individual circumstances of each applicant. Itsonline application takes less than five minutes to complete, and the service requires no credit checks, or time-consuming faxing or mailing of paperwork. If matched to a lender, the applicant may register electronically and agree to the lender’s terms and,generally, funds of up to $1,500 will be deposited in the applicant’s account the next business day. If they don’t agree to the lender’s terms, they can simply decline the terms and look at a different lender.
“There are not many of us that have not once required an extra bit of cash; to pay an unexpected bill for example. It’s not our business to pry into what our customers need the money for, so privacy and discretion is assured,” continued Crupie.“We’re proud that our service helps hundreds/thousands of people in times of financial hardship.”
The system is simple; how it works is that borrowers usually commit to repaying the loan on their next payday, although some negotiate different terms with the lender. The service is available to virtually any US citizen over 18, as long as they have a job or other regular income and an active bank account.
“Our bank of over 70 lenders means that we can match the individual with a low interest rates and flexible payment plan tailored to their specific needs,” concluded Crupie.
Payday Loans Online Lenders, which is proud to support microfinance charity Kiva, understands the critical nature of sensitive financial data, and it has in place systems to guard its customers’ data and keep it safe, whilst still enabling a rapid transaction.
The website also provides insight and commentary on wider economic issues around loans, such as the job market outlook and legislative changes related to the loan industry. Its FAQ page provides a comprehensive guide to the process and other common questions.
PaydayLoansOnlineLenders.Com is a web-based provider of access to over 70 lending specialists, focused primarily on the provision of short-term or payday loans. It has been operational since 2010, serving hundreds of customers in that time. For more information, visit www.paydayloansonlinelenders.com or discover their philosophy on their About Us page.
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