Quincy, the Quickest Payday Loan

This is Rex King with your WPLR Payday Loan Report.  Today we are coming to you with a remarkable story of the incredible convenience of a paperless payday loan.  To illustrate the paperless payday loan, I’m here with Peter Petrovich of the Perry County payday loan office.  Peter will show us step-by-step how easy it is to apply for a paperless payday loan.

Applying for the Paperless Payday Loan

Well Rex, I’m standing here at one of the computers that runs the payday loan company.  This is the start of everything.  Somewhere out in the world, a customer is browsing our website.  It’s full of information, as well as being the jumping-off point for the payday loan application.  The customer clicks “apply” and finds himself looking at an application.  He fills in his name, address, phone number, social security number, and a few other odds and ends.  He also enters his bank account information and his employment information.  We use these later on in the paperless payday loan process.

The Paperless Payday Loan Process

Rex, after the customer submits their information, we receive it here in our computer.  We log the personal information.  We also process other parts such as how much of a paperless payday loan they want.  For most people this is between $100 and $500, but sometimes people go as high as a $1000 payday loan.  They also let us know when they want to pay it back.  Most people look for the next payday, but sometimes they want a 30 day payday loan.

All of this information on the paperless payday loan gets sent out to our network of lenders.  We don’t actually have the money here at that payday loan store.  We just process the paperless payday loan and match it with people who are willing to lend out their hard-earned money to make some more.  These lenders set the fees which can be anywhere from 10-30 percent.  This keeps us out of the mess that can happen when money is borrowed.  But once again, this process is all electronic so we still have our environmentally friendly paperless payday loan.

For instance, we just received this application from a customer.  He’s got his information there – “Fred T. Fox,” his address, and other information.  We’ll zap that out and see what lenders want to give Mr. Fox a cheap payday loan.

Usually within 24 hours, Fred will know if our lender accepted the paperless payday loan application, what terms are involved, and how much they can lend.  If this meets with Fred’s needs, we’ll directly deposit the money into the his account.  Most banks let the electronic funds be immediately available for withdrawal by bank card.  Once again – there’s no paper involved.  There’s no check or cash for the customer – just a receipt of the electronic transaction – a paperless payday loan.

Repaying the Paperless Payday Loan

When it comes to repaying a paperless payday loan, the process is truly simple.  We take the bank account information that Fred provided in his paperless payday loan application and set an exact date and amount for repayment.  There are no surprises in this process – Fred will know exactly when and exactly how much he needs to repay.

Here’s the report from Fred’s paperless payday loan application.  Oh, apparently Mr. Fox is not employed anywhere.  This is one of the few problems our customers have.  I’m afraid I’m a bit embarrassed here.  We can help people with good and bad credit alike.  We can help those who just have a savings account by giving them a no checking account payday loan.  But unfortunately, if they are not employed or receiving a steady income, their payday loan application will be denied.  That’s what’s happened to Mr. Fox here.  Oh, and it seems Mr. Fox is staying in the Perry County Prison.  It will be hard to give him a paperless payday loan.  Rex, I’m sorry I couldn’t show you the whole process, but you know the way these things go.

Back in the studio…

I understand, Peter.  But to sum it up for our viewers, Peter Petrovich of the Perry County Payday Loan Store postulates that a paperless payday loan for a Perry prisoner is a pretty persnickety proposition.  This is Rex King with WPLR and this has been your Payday Loan Report.

Websites Offering Payday Loans Online:

•	Quik Payday - They claim to offer the quickest payday advance online. We are investigating.
•	National Cash Advance - National Cash Lenders Funding Every State? Hmmm.. Aren't there laws?
•	Cash Loans Calculator - Payday Lenders Marketing A Cash Cow? Very Interesting Articles.
•	Responsible Lending - The Center for Responsible Lending is fighting predatory lending.
•	Sonic Payday - Sonic Payday - Loans From Sonic Cash.