San Diego, CA -- (SBWIRE) -- 06/12/2014 -- Leading short-term loan broker CAPLO announced that it has expanded its pool of qualified, vetted lenders. The company specializes in matching borrowers with providers of what are sometimes colloquially termed "payday loans," and draws upon one of the industry's largest selection of lenders when doing so. With its emphasis on fast, reliable, secure service and a newly widened pool of lending institutions from which to offer loan terms, the company expects to grow even further in the near future.
"We're committed to remaining at the forefront of the short-term loan brokering industry," company representative James Bellamy said, "so we are always looking for ways to better serve our customers. After months of intensive research, we have added a number of new lenders to our stables, as they have proven to be capable of meeting our standards." Once rarely heard of, short-term loans which are secured by checks to be deposited by the lender upon a future pay date have become more and more popular over the last fifteen years. Each state regulates the lenders of this sort within its borders, although many of these now offer loans to residents of other states through use of the Internet. CAPLO is a leading provider of comparison and matching services for loans of this sort, allowing would-be lenders to receive offers from a number of lenders before committing to the terms of a loan.
Over 95% of all payday loans are repaid in full as mandated by the original terms of the loans. Additionally, heightened competition in the sector, in conjunction with the additional leverage granted to consumers by services like CAPLO's, have led to increasingly borrower-friendly terms and interest rates in many cases. Many responsible consumers today find these loans a valuable source of quick cash when short-term financial difficulties arise, and the convenience of obtaining them means that they can allow these problems to be surmounted with a minimum of disruption of other obligations. CAPLO is a leader in helping consumers in this situation to obtain and compare a wide variety of loan offers easily and quickly, a service which ensures that this best, most appropriate loan terms will be found.
"The recent expansion of our lender pool will allow us to provide even better service to our visitors," Bellamy concluded, "and, combined with the user-friendliness of our site, will ensure that getting the best possible payday loan couldn't be easier." Users of CAPLO's service typically find that loan applications can be completed within a few minutes. Those applicants with steady jobs, regardless of credit history, normally find that they are offered a wide variety of loans instantly, most of which can be finalized and the loan amount transferred within one working day. By expanding the pool of qualified, approved lenders from which it solicits loan offers for its visitors, CAPLO will ensure that they enjoy even greater levels of choice than previously.
A leader in matching short-term borrowers to lenders, CAPLO provides comparison and offer-gathering tools for free to visitors to its website. The company rigorously screens lenders before including them in its program, a commitment which has led to high levels of customer satisfaction.