Would-Be Borrowers Can Find Out All About Loan Process
Los Angeles, CA -- (SBWIRE) -- 10/29/2012 -- Payday Loan Quick is pleased to announce the unveiling of a new article called “Getting Started.” This feature, available for free on the company’s website, details the steps necessary to apply for and receive a cash advance. Aside from listing the requirements applicants must meet to qualify for a loan, the article also explains how loan funds are delivered, how repayment is handled, and the many benefits of obtaining a loan online.
“We are committed to helping consumers get the money they need as fast as possible,” says Payday Loan Quick spokesperson Kristen Waller. “We understand that when there’s an emergency, you don’t have the luxury of being able to wait around for days to hear back from a lender, which is why we review loan applications within minutes of receiving them. We process applications at all times of the day, so consumers don’t have to wait long to get approved, and if potential borrowers can meet our basic requirements, we can often get their money to them in a matter of hours. When you’re in a financial crunch, this kind of speed can make a world of difference.”
The lenders who are affiliated with Payday Loan Quick offer cash advances of up to $1,000 to people who need quick access to money, and they do this regardless of those consumers’ credit history. All a person needs to do in order to apply for a quick payday loan through the company is fill out a short online form. This form requires basic information, such as that regarding a prospective borrower’s monthly income. Consumers wishing to take out a cash advance need to earn at least $1,000 a month after taxes, but this can come either from a job or benefits as long as the income is regular.
Aside from showing proof of income, applicants need to provide proof of age, as loans can only be given to those who are at least 18 years of age. Additionally, to qualify for a loan, applicants must be citizens or permanent residents of the United States and must have a checking account in their name. They also must have a valid email address and phone number so they can be contacted if necessary. Payday Loan Quick does not require a credit score or call anyone to verify employment or income, so applicants can be assured their privacy will be respected.
The reputable lenders who work with the company operate under the federal Fair Lending Practices Act, which limits the type of collection practices that can be used if a borrower is late repaying their loan. To avoid possible late fees and added expenses, however, borrowers should always aim to repay the loan on time.
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