The purpose of the new article is to give our customers a clear understanding about the payday loan process and how PaydayMoney.com can help them meet their financial needs.
(PRWEB) March 31, 2012
PaydayMoney.com has introduced a new “Why Choose Us” article that explains the benefits of applying for a payday loan using its website. A payday loan is a small, unsecured loan that provides money to customers who need to cover emergency expenses, such as medical bills, car repairs or rent. Customers must repay the short-term loan with their next paycheck. The article, which like all the educational materials on the site is absolutely free to visitors, also discusses PaydayMoney.com’s lender network and how to choose a lender and borrow money safely.
“The purpose of the new article is to give our customers a clear understanding about the payday loan process and how PaydayMoney.com can help them meet their financial needs,” says PaydayMoney.com spokesperson Wayne Garn. “We want our customers to feel confident when they apply for loans using our website. To that effect, we provide consumers with up-to-date information about our lenders and explain to them how lenders make their lending decisions and determine loan terms. After reading the various articles available on our homepage, prospective loan borrowers should be able to see that we can provide them with the most effective fast-cash service available anywhere.”
“Why Choose Us” focuses on the extreme ease and quickness associated with getting a cash advance through the site. It explains to customers the simple online application process and how customers can get money loans without a credit check, lengthy paperwork or collateral. To qualify for a loan, borrowers must be employed with a verified monthly income of at least $1,000 after taxes. In most cases, customers can receive approval for a loan within minutes and their funds within 24 hours via direct deposit into their checking account. The latest online material also explains how lenders in the PaydayMoney.com network compete to offer the best possible interest rates and fees to customers in accordance with state lending regulations.
Other informational materials on the site discuss the possible uses for a payday loan, the few additional qualifications borrowers must meet to be eligible for a loan, and loan repayment. Also, there is information available that explains federal lending regulations and how lenders must conduct business with potential borrowers. Under the federal Truth in Lending Act, lenders must give borrowers a written account of all interest rates and fees charged to their payday loan account.
All of the online materials are designed to be as informative as possible so that visitors can effectively utilize them as helpful resources in making the best borrowing decision for their situation. PaydayMoney.com provides its articles in order to enhance the relationship with its customers and help them borrow money responsibly.