CHICAGO, July 5, 2013 /PRNewswire-iReach/ -- Lower credit limits were a big barrier when it came to cash advance loans online. Many companies were offering the service but dishing out extremely low loan amounts -- sometimes as little as $50. Customers were complaining about the low credit line and thankfully one company heard their plight. CashAdvanceUSA.net announced a new cap that would raise the cash advance limit to up to $5,000. That is nearly twenty five percent more than its original limit.
"Our analysts constantly work with customers to ascertain needs, develop new products, and address pressing issues and challenges. During our recent focus group, we discovered that customers were demanding a much higher loan amount. Sometimes, customers needed the money for a vacation or a dental procedure and the earlier limit was often a barrier. We worked very hard with our lenders to slowly raise the original limit to up to $5,000," explains Steve Cross, chief operating officer and director of lending operations with CashAdvanceUSA.net, a company that specializes in providing cash advance loans online.
Customers are very excited with the new opportunity. Many have been waiting for this credit limits increase for months, if not years.
"I love the fact that I could get a higher cash advance. It will give me much more flexibility without worrying about a cash crunch. I could buy a car with that money," claims an excited Arthur, who has used CashAdvanceUSA.net's services to apply for cash advance loans online.
"We decided that it was time to reward our customers with a bonus on their limit. With nearly five thousand dollars at their disposal the possibilities are limitless. And, we have seen some very creative uses. One of our borrowers used the funds to finance a short term financial transaction and reaped an impressive ROI on the funds. It was very clever, but certainly not unusual. Another customer used the funds to undergo an emergency surgery that he had been putting off. Now, that he has undergone the treatment, his quality of life is much higher and he is focusing on a new job as his next goal," explains Mark Miller, CEO and founder of CashAdvanceUSA.net.
Money can do some amazing things if used in the right way and CashAdvanceUSA.net claims that their customers are certainly doing just that.
CashAdvanceUSA.net is a company that helps borrowers applies and qualifies for cash advance loans online. The company has designed a customer-centric process that requires the customer to provide some basic information about finances and other income-related questions. Taking this input, the company's system searches a lender network of thousands of lenders to come up with a lending solution that matches the borrower's requirements to the T.
Once approved, the cash advance is deposited directly into the customer's bank account within just one business day.
For more information and to request a quote, visit here.
Media Contact: Mark Miller, Cash Advance USA Ltd, (512) 571-3828, firstname.lastname@example.org
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
SOURCE Cash Advance USA