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Payday Loan Service LoansNGo Launched - LoansNGO.com - LoansNGo, a new payday lender, is launching its short-term loan service today - LoansNGO.com
Payday Loan Service LoansNGo Launched - LoansNGO.com

 

PRZOOM - /newswire/ - Salt Lake City, UT, United States, 2011/07/22 - LoansNGo, a new payday lender, is launching its short-term loan service today - LoansNGO.com.

   
 
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LoansNGo, a Utah-based deferred deposit (or payday) lender, is pleased to announce the launch of it short-term loan service today. The online payday loan market has been steadily increasing over the past 10 years, and LoansNGo’s launch is further evidence that this is a growing market, and a new way in which consumers are becoming accustomed to borrowing. Payday loans are short-term loans to consumers that are unsecured, typically carry higher interest rates, and are due to the lender when the borrower’s next paycheck has been received. The benefit to borrowers is that they get money quickly to cover their temporary cash needs.

Steven Schlein, a spokesman for payday lenders group Community Financial Services Association says “Payday loans companies [are] good creditors because their customers are good creditors,” he said, adding that 95% of payday loans are repaid. “Payday loans are a valuable service to millions of American consumers that have short-term financial needs.” (Source: Wall Street Journal).

“LoansNGo will provide a superior customer service oriented approach to borrowers who have become accustomed to the ease and privacy of borrowing money online to meet their short-term cash needs,” says the company’s founder. The process for applying for a loan is easy -- consumers apply online for a loan up to $500, and can get approved the same day and receive their loan proceeds the next day. LoansNGo is able to make unsecured loans even to consumers with bad credit or no credit. Unlike traditional lenders, LoansNGo does not require traditional credit checks or extensive documentation. Instead, LoansNGo employs a streamlined verification process to make sure that each borrower’s needs and expectations are satisfied.

The company’s website states,“We know that life does not always go according to plan. And, when it doesn’t, you need a fast and affordable way to secure the help you need to pay your bills, avoid bouncing checks and stay ahead. That is where our easy and convenient payday loans come in to help you out.” Fast approval and superior customer service is what will make LoansNGo stand out from its competitors.

Overall, LoansNGo will prove to be a great addition to the payday loan market.

 
 
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Payday Loan Service LoansNGo Launched - LoansNGO.com

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Contact: Rachel Levy - LoansNGO.com 
877-470-9346 info[.]loansngo.com
 
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