(PRWEB) August 02, 2012
OnlinePaydayLoans.com has introduced a new article on its website to help consumers better understand its loan application process and make informed borrowing decisions. The new “About Us” article informs them about the ease and convenience of applying for a payday loan on the site from the comfort of their home or office, and it also covers topics such as the site’s security features and its network of affiliated loan lenders. Borrowers can use payday loans for any purpose they wish, although most use them to cover unexpected emergency expenses such as car repairs and medical care or important regular expenses such as rent and groceries.
“OnlinePaydayLoans.com is providing this new, informative article to show prospective customers that they can, with full confidence, borrow money safely, easily and quickly from us,” says OnlinePaydayLoans.com spokesperson Al Reynolds. “The article focuses on the many benefits that consumers enjoy when utilizing us for their emergency cash needs. Among these benefits are that we employ state-of-the-art Internet encryption software to protect customer information, and that borrowers always can get the best possible loan deals because we work with an extensive nationwide network of skilled, reputable lenders.”
Customers can apply for online payday loans through the company without needing to present a credit score. They simply need to complete a brief loan application online, and then, following normally quick approval, they get to compare offers from various network lenders in their area and select the one that best fits their borrowing criteria. The lenders establish the interest rates and fees on their loans in accordance with state and federal regulations, and borrowers are able to thoroughly review their loan charges prior to signing their loan contractual documents. Upon officially accepting an offer, borrowers receive their money — anywhere from $100 to $1,000 — within one business day via direct deposit into their checking account.
For maximum customer convenience, payday loan repayment is directly drafted from a borrower’s checking account on the scheduled due date. However, although borrowers usually must repay their loan with their next paycheck, extension arrangements can be made if they cannot repay on time.
In order to be eligible for a payday loan, customers must meet a handful of simple requirements. Among these are that they be employed and earning at least $1,000 per month after taxes, have a checking account in their own name, have valid home and work phone numbers, and have a valid email address. Furthermore, they must be at least 18 years old and either a U.S. citizen or legal resident.
In addition to the “About Us” article, visitors to OnlinePaydayLoans.com can access a variety of other posted educational articles directly from the site’s homepage. These resources cover many different loan-related topics. Among the topics are state and federal lending regulations, loan interest rates and fees, payday loan uses and the company’s lending policy.