ATLANTA, Georgia (PRNewswire)-- PaydayLoansOnline.net is an independent, short term loan matchmaking organization that helps consumers source an online pay day loan. The website announces the release of a brand new service this winter to coincide with the traditionally busy holiday period for borrowing.
The new service has been created with consumers in mind that need to borrow smaller sums of money for up to one month at a time, repayable next payday. It is connected to a large pool of lenders that review applications on a 24 hour basis, online and with total confidentiality.
A spokesperson for PaydayLoansOnline.net announced the availability of the new, free service.
"PaydayLoansOnline is an independent conduit between the intending borrower and the prospective lender, helping individuals view their options and make an informed decision when selecting a lender. We are extremely happy to announce that we have a new winter loan matching service live on our website and invite consumers to make unlimited searches for free. We feel confident that our newly expanded partner lenders will be able to offer many applicants with approval for some competitive short term loans to help make the month."
Pay day advances are proving to be an extremely popular form of finance for many individuals. Their appeal lies in the absence of credit scoring, the relatively fast process and the virtual anonymity of applying online. Speed is a prominent feature of PaydayLoansOnline's service, as the application form can be completed in less than 2 minutes and asks only very straightforward questions.
This is in direct contrast to banks and other institutions that require credit checking and extensive proof of financial histories. Even then, approval can be difficult to obtain. Although PaydayLoansOnline cannot guarantee approval, it does have an excellent track record of high approval rates for applicants, especially those with low or no credit.
The PaydayLoansOnline service is utilized by a broad demographic of consumers; ranging from all levels of professions, credit scores and all sectors of society. What unites its users is the demand for access to competitively priced lending products and fast payments.
On being asked to give more details about the mechanics of the new service, the spokesperson elaborated.
"Our new, free service is anchored by a live application form that takes less than a couple of minutes to complete. The details provided are instantly channeled to a "ready and waiting" network of cash loans companies, whose systems review the data in the application form and have the capacity to approve applications instantly. For those individuals who receive an "approval" notification, they can look forward to receiving a fast loan. Pay day loans online works with lenders who pay out within 24 hours or less, taking the worry out of your day."
Loan monies are repaid by direct bank transfer on the next payday.