PR Log - Oct 03, 2012 - Consumers are starting to spend more money again. The economy is starting to show signs of a comeback. Consumers are happily spending money again, unlike a few short years ago. Lenders are also starting to offer better loan rates, but those are not the only reasons that consumers are starting to spend money. Lenders are also starting to approve loans to people that have bad credit. Could this be one of the reasons for the 37% increase in loan applications? Julie, a representative for the company behind the website CashAdvanceUSA.net has this to say.
“We started to notice the increase an in applications when we announced that we had increased our special group of lenders. This group of lenders works specifically with people that have bad credit. There is a huge portion of the American population whose credit was negatively affected during the recession that was happening a few years ago. This group of people have been pushed into the dark when it comes to loans. To most lenders, these people are seen as a huge risk. With our special group of lenders this is not the case. There are even quite a few that don't even use credit checks.”
Cash advances are much different than a traditional loan. These are short term loans that are designed to help a person get through a financial crisis. Loan approval times are extremely important when dealing with this type of loan. Julie also has this to say.
“We also increased our overall loan approval time. Consumers are now getting approved for loans much faster than they were during the Summer. This was mostly due to a few changes that we made to our approval process. We redesigned our application process to make it much faster, and we started offering a new group of lenders that specialized in faster approval times. These are two more reasons why we have seen such a huge increase in loan applications.”
CashAdvanceUsa.net is a loan shopping website that has been designed with consumers in mind. Their simple pre-approval form takes just minutes to complete. Consumers can benefit from the ease of use and speed associated with the website. Once a consumer submits their loan application, the automated system will find the loan with the best rate. In some cases, the approval process can be instant, and in others it can be in as little as an hour.
Even though these are short term loans, they are still loans. Consumers will be required to pay them back.
CashadvanceUSA.net is a loan comparison website not a loan service company. Since launching just a few months ago, CashadvanceUSA.net has offered a simple three step form online to get payday and cash advance comparisons quickly and easily.