Every page is easy to navigate, and it’s rich with useful information for consumers who are considering a payday loan.
(PRWEB) January 26, 2012
BadCreditLoans.com announces the launch of its overhauled consumer-lending site, featuring an entirely new user-interface and an even faster online application portal. The updated website upholds the company’s mission to level the playing field for consumers who have less-than-stellar credit, but who nonetheless need access to short-term loans.
“The new site embodies our mission to provide working people access to urgent loans, no matter their history,” stated company spokesperson Max Wohler. “Every page is easy to navigate, and it’s rich with useful information for consumers who are considering a payday loan.”
The severity of the current economic downturn continues to affect consumers as household debt increases and jobs remain scarce. However, despite the clear market changes and rapidly growing need, traditional lenders continue increasing the stringency of loan requirements, often providing no resources for bad credit loans as a possible recourse. BadCreditLoans.com aims to fill that niche with its updated lending site by offering small loans of $100 - $1,500 with a repayment term of between two weeks to 30 days.
BadCreditLoans.com is not a lender; rather, it fills the growing need of an ever-changing marketplace by connecting consumers in need with payday loan providers who are willing to do business with people with poor credit. In fact, lenders actually end up competing for the borrower’s business, since the application process connects every prospective borrower with offers from multiple lenders at once. Since lenders are aware they are in competition with one other, motivations are high to keep interest rates reasonable.
Unlike traditional lending, the online application process at BadCreditLoans.com is fast and straightforward. The borrowers set the pace for the entire transaction, from application to submission, and without risk of denial due to poor credit. Personal information is kept secure and only reputable lenders are utilized. This combination provides protection both from misappropriation of private data and predatory lending practices.
Additionally, the site provides informative articles and other resources so consumers can educate themselves about bad credit loans. Those who find themselves with credit problems have previously had nowhere else to turn for short-term financial assistance, an oversight BadCreditLoans.com hopes to change with its new website.