The increased lending limit will of course only be available to the highest earning bracket for the payday market, and our regular customers will not ‘experience’ any change, however it does give us an edge on other leading payday lenders in the UK.
(PRWEB) October 16, 2010
Payday Power offers quick loans online which are generally paid in as little as one hour, as an emergency loan, which should them be repaid when the borrowers next payday arrives.
Previously Payday Powers top end lending was around £800 for high earners who simply found themselves unexpectedly short of cash before their next payday arrived. This latest change up to £1,000, will only be available to the highest earning applicants as Michael the Marketing Director states “The increased lending limit will of course only be available to the highest earning bracket for the payday market, and our regular customers will not ‘experience’ any change, however it does give us an edge on other leading payday lenders in the UK. We believe we already have the most advanced system and this as another ‘grand’ step in the right direction”.
In July Payday Power announced the relaxing of lending limits for the lowest earners, previously set at a minimum wage of £750 which was then extended to a minimum of £500.
August saw another improvement with the announcement that 80% of the UK’s payday lenders were hooked up with their bespoke application processing system.
When asked what the next step would be for the company, Michael stated, “We work closely with our lenders and understand the needs of our customers, for quick cash at a fair price and of course we shall work to integrate more lenders into our processes so that more customers can benefit from our expertise in this area. We are also working closely with the lenders to develop a unique lending product for 2011”.
Customers looking for payday loans and affiliates looking to earn commission can find more information directly, through Payday Power's website.