It just made sense to make the loan application process as easy as possible.
(PRWEB) January 24, 2012
FaxlessPaydayLoan.com announces the re-launch of its consumer-lending site, which features a new user-interface and faster online application. As more families fall victim to a constricting economy, one faxless payday loan can make the difference between staying above water between paychecks or defaulting on an auto loan or mortgage. FaxlessPaydayLoan.com provides access to a network of qualified lenders who are ready to approve a short-term loan in minutes.
“It just made sense to make the loan application process as easy as possible,” said company spokesperson Matt Engel. “And that meant getting rid of the paperwork wherever possible. The entire loan application and approval process can now be accomplished completely online.”
Using the updated website, the borrower’s faxless payday loan application goes out to myriad lenders within the company’s proprietary network for review. Lenders compete to offer the best possible terms and are obligated by the Truth in Lending Act to fully disclose the terms of the loan up front. The borrower is free to accept or reject any loan offered, without obligation.
Once the borrower finds a suitable offer, he or she can accept the terms via an e-signature. A faxless payday loan takes less than 24 hours to fund — from the start of the application to seeing funds direct-deposited into the client’s account.
FaxlessPaydayLoan.com is not a lender; rather, the company acts as a matchmaking service for prospective borrowers, pairing them with lenders who specialize in providing short-term loans. Payday loans carry a higher interest rate than traditional long-term loans, but the tradeoff for the consumer comes in the form of immediate approval and funding. In today’s tight credit market, that’s a benefit that banks — with their mandatory credit checks and extensive paperwork — can’t match.
Most payday loans range from $100 — $1,500 and have a repayment date coinciding with the borrower’s next paycheck. The loan repayment can be automatically debited from the borrower’s bank account to avoid the possibility of incurring late fees.
As the need for smaller short-term loans increases, FaxlessPaydayLoan.com has stepped up its services to provide Americans with the funds they need during a truly trying economic time.