You may think a signature loan and payday loan are the same... Absolutely Not! Payday lenders require a blank check or written PRE-authorization for electronic funds transfers prior to issuing a loan. It isn’t the rate, or the due date that makes a payday loan a payday loan – it’s the payment mechanism.
Once we receive your application our experienced underwriters review your information to determine your eligibility for a loan, up to $800. As your due date approaches, we email you a Billing Statement in advance of your loan maturity providing you the option to (1) reschedule your due date and pay your interest due, (2) reschedule only a portion of your loan or (3) pay off your loan in full.
We follow your e-bill instructions. We do not process payments without your knowledge. We do not wreck bank accounts. You can visit our offices any time you want. We have phone numbers where actual people answer the phones rather than an automated service. We are not a call center where you have no idea what state or country you are calling. We do not spam your email accounts. We do not sell your information to third parties. We give you ample time to arrange your payment and we process your request in accordance with your instructions and send you email confirmation that we followed your instructions. Throughout our process we disclose and inform you of each of your important federal, state and regulatory consumer rights.
Signature loans on the honor system. Dealing with grown-ups as grown-ups. Up next….loans to military personnel and dependants.