We want to help customers get the money they need without worry about hidden fees and charges.
(PRWEB) February 27, 2012
CashNow.net announces the launch of its new educational content, designed to help consumers navigate the payday loan process. A payday loan is a short-term, unsecured loan that provides cash to borrowers for necessary expenses, such as medical bills, car repairs, rent or even credit card bills. This new content serves as a guide for customers to successfully complete the payday loan process, while understanding the benefits and risks associated with borrowing money from lenders in the company’s network.
“We want to help customers get the money they need without worry about hidden fees and charges,” says CashNow.net spokesman Michael Vaughn. “The articles, which are accessible from our homepage, explain in simple language how lenders determine interest rates and fees, as well as outlining the application process and loan repayment. The new information also provides details about regulations lenders are legally bound to, as well as security measures we use to protect the customer’s financial information.”
After completing a brief online application, borrowers can receive their cash now — often within the hour, or by the next business day at the latest. Potential borrowers apply through CashNow.net and are connected with lenders who compete for their business. Loan amounts vary between $100 and $1,500, and are generally repaid with the borrower’s next paycheck. Lenders are required by law to provide written details covering interest rates and fees charged on the loan before a customer signs their documents.
The site’s new educational resources describe how borrowers, after choosing a lender and e-signing the lender’s contract, can receive their loan funds via direct deposit almost immediately. Likewise, loan repayment is drafted automatically from the borrower’s checking account at the customer’s next payday. If the borrower cannot repay their loan on time, they may be able to arrange an installment plan with their lender.
Educating visitors about the payday loan process is the cornerstone of the information CashNow.net provides. Customers can apply for a loan at the updated site without a credit check. To qualify, borrowers need only be 18 years of age, a U.S. citizen or permanent resident, employed for at least 90 days, and make an income of at least $1,000/mo. after taxes. Additionally, borrowers must have a valid checking account in their name, a valid email address, and provide home and work phone numbers. The new content is offered by CashNow.net in the spirit of helping customers borrow money responsibly.