Check & ACH Guarantee Program
100% Guarantee Check Program for Cash Advances
Are you a cash advance lender who is not sure how to handle your bad debt? Have you always wanted to become a cash advance lender but were afraid of the bad debt? Are you doing pay day loans, but not getting the return you deserve?
Here is a product to help!
This product allows you to have your loans 100% guaranteed in seconds. Just use your web browser to securely submit information about your cash advance loan customer and you'll receive a guarantee or a denial based on information in a proprietary scoring system and from 3rd party verification services.
Once the check is guaranteed, your worries are over. If the check goes bad, just mail the check and the next business day funds are electronically put in your account.
Would you like to offer Cash Advance / PayDay Loans to your customers? The average loan is $300.00 and the average fee is $ 20.00 per hundred or $60.00 on $300.00 and you can receive a 100% guarantee for all your loans. Once approved, if a loan goes "bad" just send the check to this vendor and principal and interest will be deposited back into your bank account. You have your money within 5 or 6 business days and ready to put back on the street. If you are utilizing a collection company now it takes 90 to 120 days for them to collect and typically they only collect 30% or less of the checks you submit to them. That's 90 to 120 days you do not have use of that money and 70% of the money you will never see again. How many times can you turn that money in 90 to 120 days if you had access to it?Contact us for the details on this program.
NOTE: This service is provided by a 3rd party vendor. Always perform appropriate due diligence!