Payday Power's 'Grand' New Payment Rule
October 22, 2010 (PRLEAP.COM) Business NewsPayday Power promises super-quick loans via the internet which are routinely paid in as little as an hour, as an emergency loan, which will need to then be repaid when the borrowers next payday arrives.
Previously Payday Powers top end lending was roughly £800 for high earners who just simply found themselves unexpectedly short of cash before their next payday arrived.
This newest alteration up to £1,000, will only be available to the highest earning applicants as Michael the Marketing Director states "The raised lending limit will without a doubt only be obtainable to the highest earning segment for the payday industry, and our regular customers will not 'encounter ' any change, but nevertheless it does give us an benefit on other leading pay day advance lenders in the UK. We believe we currently have the most state-of-the-art system and this as another 'grand' step in the right direction".
In July Payday Power publicised the lowering of borrowing limits for the lowest earners, previously set at a minimum wage of £750 which was then increased to a minimum of £500.
Payday Power Relaxes its Lending Rules for Lower Income Earners
August saw another advancement with the announcement that 80% of the UK's payday lenders were hooked up with their bespoke application processing system.
Payday Powers Decision Engine is Super Powered
When asked what the next step would be for the business, Michael stated "We work closely with our lenders and recognize the needs of our customers, for speedy cash at a reasonable price and of course we shall work to include more lenders into our processes so that more customers can take advantage from our know-how in this area. We are also hoping to build a unique lending product for 2011".
Customers and affiliates can find more information directly, through Payday Power.
Payday Loan Affiliates Programme