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Money USA Unveils New Article to Give Consumers Greater Understanding of Payday Loan Website

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SOURCE: Money USA

Prospective Borrowers Can Use Material to Educate Themselves About Loan Specifics

(PRWEB) July 01, 2012

Money USA announces the introduction of a new “About Us” article explaining the payday loan application process and the many benefits of using the company’s website to acquire a loan. The article covers a number of different items and highlights the ease, speed and convenience of getting a payday loan online. A payday loan is a small, unsecured, short-term loan that individuals can use to cover urgent emergency expenses or important regular expenses, including car repairs, car payments, medical bills, food and rent.

“We at Money USA are providing this new information to help consumers fully understand the many and varied benefits of utilizing our service,” says Money USA spokesperson Beth Lancaster. “The article will give people greater insight into payday loans and our full-service website. With this material, they will learn about such things as our strict Internet security measures, our simple requirements for loan borrowers, and the advantages of applying for a payday loan online as opposed to in person at a brick-and-mortar location somewhere.”

Prospective borrowers do not have to submit a credit score when applying for a payday loan from Money USA, as the company does not use credit as a determining factor when deciding whom to approve. Customers must, however, meet a few basic requirements, among which are that they be employed with at least 90 days on the job and earn at least $1,000 per month after taxes. After customers complete the simple online application, they are usually approved within minutes ,and they can receive their loans within 24 hours deposited directly into their checking account. Borrowers can request loan amounts between $100 and $1,000.

In addition to meeting the aforementioned employment and income requirements, borrowers must also have a checking account in their own name, work and home phone numbers, and a valid email address. Additionally, they must be either a citizen or legal resident of the U.S. and at least 18 years of age.

The Money USA loan repayment process has been designed to work as conveniently for customers as the company’s lending process. Generally, lenders will set the loan repayment date to be the same as the borrower’s next paycheck date. However, if the borrower cannot repay on time, lenders may grant a repayment extension or installment plan. Loan repayment is automatically drafted from the borrower’s checking account on the scheduled due date.

The new “About Us” article also discusses how the lenders who work with Money USA compete with each other to offer borrowers the best possible loan interest rates and fees. As part of the lending process, customers get access to several lenders in their area that provide loans which meet the customer’s borrowing criteria. This ensures that borrowers always end up getting the best possible loan deal.

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