Pay Day Loan Lenders Compete To Offer Low Interest Loans, PayDayLoansOnline.org Unveils New Platform For Customers

HOUSTON, March 5, 2013 /PRNewswire-iReach/ -- PayDayLoansOnline.org recently launched a cutting-edge Web-based platform that promotes competition among pay day loan lenders and helps consumers reap the rewards of competitively-priced, low interest payday loan products.  

When Amy was shopping for a payday loan last week, she was overwhelmed with the number of options she encountered. Complex legal terms, heavy financial-speak, and hyperbolic sales pitches made the process of selecting a payday loan lender extremely complicated. Furthermore, the payday loan packages appeared to be charging a much higher rate of interest than what she wanted to pay.

Fortunately, she came across PayDayLoansOnline.org, a free site that helps borrowers connect with lenders and obtain a short term cash advance loan in as little as one business day. She completed a short payday loan application and within seconds her inbox was bleeping with responses from competing lenders. As each lender is aware of the competition it faces, rates tend to be dramatically lower than what is available at local lenders and banks.

In Amy's case, she was able to obtain better rates and an excellent package due to the number of options she had at her disposal. In her own words: "It was as if the power scale had tilted in my favor. All these lenders were eager to win my business and make a good impression on reviewers at PayDayLoansOnline.org. Perhaps they knew that if they don't perform, they may lose rankings (and in turn business) through PayDayLoansOnline.org."

"Competition is the fundamental principle of capitalism. Fortunately, we were able to package the principle as a technologically-advanced platform. By promoting a competitive environment between lenders we are able to deliver dramatically lower interest rates on short term loans and reduce the overall cost for consumers. At the end, it is the customer who wins -- at least in our ecosystem," says Richard Burden who founded PayDayLoansOnline.org.

Richard is no stranger to the payday loans marketplace. He has been in this business for over fifteen years and during this time, he has helped thousands of customers obtain low interest short term payday loans. In addition to PayDayLoansOnline.org, Burden has launched and managed several websites in the loans marketplace. He is considered a formidable force and a major influencer by numerous loan lenders who are a part of his network.

PayDayLoansOnline.org is a unique website where customers can complete a quick payday loan application and receive free quotes from competing lenders. The funds are deposited electronically within as little as twenty-four hours. Thousands of lenders and cash advance loan providers compete to offer loan packages to borrowers.

The site is free for consumers and has been in business for over fifteen years. Thousands of individual and business borrowers have been able to loan millions of dollars through the company's flagship website. In addition to loan comparison tools, the site features a host of powerful resources, including how to articles and 24/7 support through a dedicated team of payday loan experts.

If you would like more information about this topic, or to ask an expert a question, visit our website at PaydayLoansOnline.org.

Media Contact:

Richard Burden PayDay Loans Online Services Ltd, (440) 941-0170, [email protected]

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SOURCE PayDay Loans Online Services Ltd