Our mission is to make sure the customer’s borrowing experience is worry-free, and that they make informed financial decisions prior to applying for a payday loan.
(PRWEB) February 24, 2012
CashUSA.com announces the launch of a new educational section at its popular lending site. The new content is designed to help potential borrowers understand the loan application process, including fund-disbursement and repayment options. A cash advance, also known as a payday loan, is a small, short-term loan used to cover pressing expenses for households that find themselves short on cash between paychecks. With the site’s new educational content, visitors can learn about the advantages of a payday loan over traditional lenders, basic borrower qualifications, and how a payday loan is repaid.
“Our mission is to make sure the customer’s borrowing experience is worry-free, and that they make informed financial decisions prior to applying for a payday loan,” said company spokesperson Beth Lancaster. “Our network of lenders can provide most customers a loan within minutes to help them deal with financial shortfalls. The new educational content is accessible from the CashUSA.com homepage and helps customers understand how lenders determine interest rates and fees, as well as state and federal lending regulations.”
CashUSA.com is not a lender; instead, the site connects prospective borrowers with the company’s proprietary network of lenders, who compete for the borrower’s business with lowered interest rates and fees. Prospective borrowers can apply for cash loans using the site’s online application. After they’re approved, lenders in the CashUSA.com network provide details about interest rates, fees, and loan repayment. Borrowers who accept the lender’s terms can repay their loan within two weeks to one month, or longer if an extension is granted. Lenders determine interest rates and fees in accordance with state laws and regulations.
From the new informational articles, visitors can discover details about the payday loan process such as: how much money they can borrow; how long it takes to receive a loan; and the security measures provided by the CashUSA.com online application. Normally, the amount of money borrowers can apply for is between $100 and $1,500. Borrowers receive their loan funds within one business day via direct deposit, sometimes within one hour.
Most customers will qualify for a loan if they are a U.S. citizen or legal resident, 18 years of age or older, employed for 90 days consecutively, and have an income of at least $1,000/mo. after taxes. Borrowers must also have a checking account in their name, a valid email address, and provide home and work phone numbers. The new educational materials offered by CashUSA.com serve to empower the borrower and help them make responsible financial decisions.