Payday Lending Industry
The payday lending industry has many benefits and can quickly help customers in times of financial need.
The benefit of using a payday lender is the quick and easy experience. You shouldn’t have to jump through hoops to get what you need, which is why we make it easy for you.
While banks and other financial institutions offer loans, they often have a more extensive application process and have longer timeframes. If you are in an urgent situation, this can leave you in a bind.
A payday lender is beneficial when you need a loan quickly and easily without the extra hassle.
How the Payday Lending Industry Benefits Our Economy
The payday lending industry provides significant contributions to state economies. Not only do payday lenders help those in financial need, but they also help boost the economy.
These businesses are vital economic agents which purchase services from other local companies and pay local, state, and national taxes. The 155,000 jobs that the industry supports are more important than ever, given the current economic crisis.
These jobs provide salaries, benefits, and retirement investment for individuals that might not otherwise be provided.
Benefits of Using a Payday Lender
When you use a payday lender, there are no hoops to jump through or no big hassle to worry about. It’s typically a stress-free process that quickly gets you cash in hand when you need it most.
Compared to a regular bank, payday lenders often have extended hours and very quick and easy application processes so that you don’t have to wait for what you need.
Quick and Easy Application
In urgent situations, you shouldn’t have to spend a lot of time in the application process. We understand that you need relief quickly, which is why we make our application process quick and simple.
Other financial institutions or bigger banks typically require an extensive application process that can take up to several days before you receive approval. Our application only requires a few pieces of information from you and can be approved quickly.
Worried about your credit score? We aren’t. Another benefit of payday lenders is that you don’t need a perfect credit score to take advantage of our services.
Online Access for Your Convenience
Most payday lending companies, including EZ Money, offer online applications for your convenience.
There’s no need to schedule an in-person appointment with a loan officer. We work around your schedule and offer the convenience of online applications.
Get Your Money Faster
Payday lenders understand that you need your cash fast. When applying for loans at bigger banks, they often require a few days for your application to process.
Waiting for the application to process and waiting for the bank to cut you a check can put you in a bind if it’s an urgent situation.
Fortunately for you, we can often get you your cash the same day you apply. At EZ Money, we understand the urgency and work quickly to get you what you need.
Qualify for Higher Amount
As most payday lending companies don’t require high credit scores, you’re more likely to get a higher loan amount with a payday lender compared to a bank.
The amount you are able to receive depends on the regulations of the state you live in as well as your current salary. Our representatives at EZ Money will work with you to find an appropriate amount that you can comfortably pay back.
Different State Regulations
Payday lending regulations vary by state. The interest percentages and the amount you are able to receive depends on the state you live in.
Our team at EZ Money is well-versed on the specific regulations within the states that we serve. We currently offer payday loans in Iowa, Missouri, Nebraska, and North Dakota.
If you are unsure about your state’s payday lending regulations, our team is here to help.
Why Choose EZ Money?
Although most payday lending companies may seem the same, there are a few things that set EZ Money apart in the payday lending industry.
Locally Owned & Operated
EZ Money is a locally owned and operated company. We do not operate like most national chains and we take a genuine interest with each of our customers.
When you walk in our doors, you are treated with fast and friendly service and walk out as a satisfied customer. We understand that every customer has a unique situation and we’ll work one-on-one with you to find your best possible solution.
We Care About Our Community
Not only do we find passion in helping people with financial services, but we also have a passion for contributing to our community.
We are proud to be actively involved in gathering donations for local organizations, such as the Leukemia & Lymphoma Society. As a locally-owned business, we believe it’s important to give back to the communities in which we serve.
Need more information about the payday lending industry? Contact us today!