Quality Customer Service Sparks Record Growth for Payday Loan Provider ...
( EMAILWIRE.COM , December 16, 2011 )Los Angeles, Ca -- Paydayloansolutions.net, one of the internets leading providers of payday loans , is announcing a sizable increase in clients over the last quarter. The payday loan specialists say that their client satisfaction is the main reason for their expansion over the last year.
As everyday costs rise across the United States more families and individuals are finding themselves in financial hardship at least once or twice a year. For those who have some trepidation concerning storefront banking institutions, payday loans offer an attractive alternative that is faster than and many times just as secure as borrowing from a bank. With the terms of most payday loan companies being relatively equal, it often comes down to customer service as the deciding factor for the long term success of an online lender.
Since opening their doors, Payday Loan Solutions has already helped thousands of people in financial hardship. They offer easy terms, a non-invasive application process, fast approval and most importantly, exceptional customer service. Your need for cash is as unique as you are, says a payday loan solutions representative. There are no one-solution-fits-all answers, and we dont force you into any loan, especially if that loan isnt perfect for you.
By filling out the simple online application, applicants are guaranteed an immediate online decision. Applicants can borrow money of any amount up to $1,000 depending on their specific circumstances and there are no set-up fees or hidden costs. Once the applicant is approved the cash is wired into their bank account for immediate access.
Payday Loan Solutions operates on a no-fee basis for the borrower. Youll never pay us a penny for our services. We are paid by the lending institution for the business we send them. So you dont pay anything for our expertise, security, and speed, says the website.
online payday loan companies - News
Some payday loan providers welcomed a tougher approach by the OFT as they are keen to eliminate bad practices that they fear could tarnish the entire industry. Joe Birkby, legal counsel for PDB UK, an online payday loan broker, said he was pleased the
With the terms of most payday loan companies being relatively equal, it often comes down to customer service as the deciding factor for the long term success of an online lender. Since opening their doors, Payday Loan Solutions has already helped
The improved online loan application can be completed in as little as five minutes, letting borrowers of all backgrounds get the cash they need within 24 hours. PaydayCentral.com, an online resource for linking consumers with payday loans,
In its review of the high cost credit market last year, the OFT said payday lenders did compete with one another but “price does not seem to be a primary driver of competition”. The OFT also expressed concern about the way the online payday loan market
The Office of Fair Trading is investigating payday loan companies after complaints doubled in a year. By Emma Simon The Office of Fair Trading is taking action against a number of payday loan companies after complaints about these short-term loans
Online Payday Loan Cautions: Beware of Advance Fee Loans ...
In Charlotte, North Carolina a woman with the initials S.B. took out an online payday loan. Times were tough and she needed some cash to tie her over until her next paycheck arrived.
Instead of taking the time to research various companies and find a reputable business in the industry, S.B. decided to work with the first company she found. Unbeknownst to her, the business that she partnered with has an F rating with the Better Business Bureau, and operates on deceitful grounds.
When she contacted this company, which claims to be based in Miami, Florida, S.B. was told that she was eligible for a $7,500 loan and would have the money the next day. All she needed to do, a representative said, was wire $1,200 dollars to Canada as collateral.
This is an unusually high amount for a payday loan, since most short term loans range from $200- $1,000. These loans often come with higher interest rates, but they only last a few weeks, so the rates are not as costly as they may appear at the start.
S.B. sent the money promptly, but she was contacted again and the company asked for another $500 to cover Canadian taxes.
After this second request for money, S.B. realized that the loan was a scam. The company had not even claimed to operate out of Canada! She did not pay the $500, but was unable to retrieve the $1,200 she had already wired to Canada.
She learned her lesson the hard way, and now knows to beware of advance fee loan scams.
All customers must be very careful when dealing with online payday loan companies, especially if they are asking for fees up front. Make sure that all fines, fees, and charges are included in the company’s agreement, and check the Better Business Bureau rating for any company you desire to work with.
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