(ContentDesk) June 10, 2005 -- CheckCity.com (http://www.checkcity.com) has been licensed by the State of Wisconsin to provide payday advance loans to residents of Wisconsin directly over the Internet. Payday loans are short term advances that are designed to help people meet short-term and unexpected obligations. Banks and credit unions do not typically underwrite short-term, low-cost, unsecured personal loans. This creates an underserved need in the financial services community that payday advance companies such as Check City effectively fulfill.CheckCity.com is a market leader in efficiency and customer service.
Because of its keen awareness to customers' demands and needs, CheckCity.com has been able to rapidly expand into new locations.
With the addition of the Wisconsin market, Check City is now offering cash advance loans in eleven states through its website at Checkcity.com. The full featured and user friendly CheckCity.com website (http://www.checkcity.com) allows customers to apply for and get the money they need quickly and efficiently. No faxing is usually required to receive a loan, which makes the process quick and easy for new customers.
CheckCity.com simply requires loan applicants to have an open checking account and a steady source of income to qualify for a cash advance loan.*
With an e-mail address, access to CheckCity.com is only a few clicks away. The CheckCity.com web site (http://www.checkcity.com) allows customers to view and update their personal information, review loan history, make early payments, or even pay off their loans early.
The use of the Internet also adds convenience and privacy to a customer's experience.An added benefit to customers who use CheckCity.com for their cash advance needs is the knowledge that Check City is licensed and regulated by the State of Wisconsin.
This means customers who use Check City's Internet payday loan services in Wisconsin will be protected by the laws that regulate the cash advance industry in the Badger State. "Check City has a solid presence in western states and a history of excellent customer service," says Clint, credit service manager for Check City.
"Our level of service will continue to excel as we are always looking for ways to improve it for our customers. This excellent service is now available to customers in Wisconsin."Here is what customers from other states have to say about the CheckCity.com payday advance loan service:"Thanks so much!
I appreciate it!
You are so easy to work with!"
? Michelle in Idaho"Your company has been so much better about explaining things and the customer service is so much better than other Internet lenders."
? Erin in MissouriMore information on payday advance loans in Wisconsin and other states can be found on the CheckCity.com web site at http://www.checkcity.com/.*Additional requirements may be required in certain instances.About Check CityCheck City has been providing financial and credit solutions since it began operations in 1986.
Since that time, Check City and Checkcity.com has successfully approved and funded over 475,000 loans.
Checkcity.com is now licensed and is approving loans in eleven different states with plans to begin operations in thirty additional states.
Check City is a proud member of the Community Financial Services Association of America (CFSA) and adheres to its Best Practices..
National Payday Loan
Payday lending or making payday loans is now a booming industry, and with life getting tougher for many people each and every day, it's only ever going to keep expanding.
At the same time, it's an often unregulated business, with 17 states of the USA in effect banning payday lending altogether due to the apparent lawlessness of the industry.
It's not that hard to see why there is such a problem. Although such payday loans are intended to be short term arrangements only, basically getting you through to your next pay check, unfortunately, for many people, that's not the way it actually works out. And with industry average interest rates around 470% APR, one has to ask, why is this industry growing so rapidly?
The answer is that it is providing a service that is required, at a price that the consumers can afford; the actual APR is of no great interest to the customer, because their only concern is "Can I afford to repay the loan on my next payday"?
Why do...
Emergency Payday Advance
Payday Advance companies often come with enticing ads such as "E-Z Payday Cash..."
"Cash at your doorstep on the same day.." etc. on the FM, TV, Internet, and in mailboxes. And they come up with a range of words such as cash advance loans, check advance loans, or deferred deposit check loans.
They are indeed easy to secure.
But are they economical?
Let's imagine someone named Ellen borrowing $300 from a lender ? creditor for a two weeks period.
According to the agreement, she writes a personal check to the lender for $345 (this includes the borrowed amount $300 and a $45 fee).
In the above example, the interest fees of $45 is the equivalent of $1,170 for a year, or 390 percent APR.
This is far higher than the APR announced by institutions such as Bank of America for loans.
But the latter require collaterals, real estate to mortgage or some other security.
Not easy for everyone.
On...
My Payday Loan Appoints Professional Marketing Consultant
(ContentDesk via ContentDesk Direct) March 20, 2006 -- As MEM Consumer Finance Ltd continues to grow, one of its core brands, My Payday Loan (http://www.mypaydayloan.co.uk ) has appointed Alister Comrie of The Maasai Consultancy as their professional marketing consultant.Alister will be developing an ongoing and comprehensive marketing strategy for My Payday Loan, including looking away from the traditional online advertising of the cash advance internet market.He explains, "The online consumer market has a limited number of users and My Payday Loan has a significant share of the market space for payday loans. There are many people out there who would benefit from a financial product which helps remedy short term cash needs who simply do not know the alternative exists. These same people are having to pay additional charges on unauthorised overdrafts and credit card over limit fees....
My Payday Loan Appoints Professional Marketing Consultant