Millions Of Rejected Loan Applicants Turn To The Web For Quick Cash
Super mantra gains strong foothold amongst loan applicants of all ages: "Go online for quick cash!"
ATLANTA, Nov. 12, 2012 /PRNewswire-iReach/ -- George was a successful entrepreneur but pressing business needs and a lack of operational capital compounded to create an urgent financial crunch that his local bank and SBA failed to address adequately. After several rejections, a friend urged George to consider shopping for loans online. George was skeptical at first but was pleasantly surprised to receive free quotes from reputed lenders within twenty-four hours of completing a simple Web-based form.
Despite a positive economic outlook and sharp increase in the availability of loans, the number of applicants facing rejections continues to remain at an all-time high. For approximately 34% Americans (almost one in three), poor credit history is the biggest stumbling block at popular loan shops.
"Online loan sites offer hope and access to non-traditional lenders in a way that would have never been possible in a traditional setting," says Yonni Rossa, CEO of Loans.net, a site allowing customers to receive quotes from multiple lenders.
"Customers find the convenience of one simple form to be the most attractive feature of an online loans site such as Loans.net." "We have created an extremely complex algorithm to enable our customers to connect with lenders and obtain as much as $5,000 within twenty-four hours," adds Yonni.
Taylor, who wanted a personal loan for an emergency dental procedure, agrees with Yonni. She was rejected by several banks before she took her quest online. Within just twenty-four hours of completing a simple form, she was contacted by several eager lenders who provided her with the money she needed for her procedure.
Not all clients embrace the online loan shopping process quickly. JL was concerned about security at first but was soon wowed by the process when she applied for a loan to repair her car. She loved the ease and convenience of having a one-stop shop for all her loan needs.
If you would like more information about this topic, or to schedule an interview with Yonni Rossa, please call Yonni at 646-257-4131 or e-mail him at email@example.com
Media Contact: Yonni Rossa, I.D.S International inc, 646-257-4131, firstname.lastname@example.org
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