Cash Doctors Partners With Direct Debit Company, Idebit, and Instantly Improves Repayment Clearing Times

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Cash Doctors, Australia's leading online payday loans and cash advance provider, changes debit companies and instantly improves its repayment clearing times by up to five days. Clients are now paid their subsequent cash advances even faster.

The change to Idebit means a Cash Doctors loan is now quicker than ever

Cash Doctors, Australia's leading online cash loans provider, has partnered with direct debit company, Idebit, to accelerate cash advance repayments for its clients. After extensive IT implementation, the move to the new debit clearing system occurred without a hitch earlier this month and has successfully shortened clearing times by up to five days. Clients can now access subsequent cash advances much faster than before.

Company Director, Sean Teahan, initiated the change in an effort to streamline the repayments process. He says the choice to partner with Idebit is due to the innovative payment solutions on offer and, in particular, the company's quick clearing times.

"We were impressed with the speed of repayment clearing times that Idebit offered," says Mr Teahean. "We haven't come across another third-party debit company that can promise what they do."

After highlighting Cash Doctors' mission of 'instant cash relief', Mr Teahan explains the importance of this crucial partnership and how it affects Cash Doctors clients.

"We pay our existing clients instantly as soon as they request an advance," he says. "However, as responsible lenders we don't approve subsequent cash advances unless a client's previous advance has been paid off in full, so final repayment clearing times are very important.

"The change to Idebit means they're now quicker than ever and our clients can be paid their next advance within two days of their final repayment."

This significant service improvement from Cash Doctors comes as payday loans are becoming a popular alternative within the Australian market for those needing a quick, short-term credit solution. Cash Doctors offers small amounts of credit to those who would normally be ineligible for a credit card or a personal loan. Instant approval, cash in minutes and freedom from long-term debt commitment are just some of the benefits of a payday loan.

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Catie Hughes
Cash Doctors
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