News Feed Item

Cash Advance USA Relaxes Credit Requirements for Loans in 2014

As credit scores continue to nosedive and debt accumulation rises to nearly sixty percent, Cash Advance USA relaxes its credit requirements.

NEW YORK, Jan. 8, 2014 /PRNewswire-iReach/ -- The holiday season may be over but the debt accumulated from holiday shopping during the last quarter of 2013 (Q4 2013) continues to haunt millions of borrowers. According to some surveys, nearly 57 percent of individuals reported that they would take on additional debt to support their purchases and those with income levels under $35,000 were willing to assume an additional $700 in debt.

With debt accumulation numbers edging at nearly 60 percent in Q4 alone, it would be no surprise if some may have already defaulted on their very first installment while others would be struggling to repay the minimum balance every month. Add to that pressures from a low-income producing holiday season for entrepreneurs and individuals enjoying vacation and travel time "without pay".

"Nearly 75 percent of applicants who approach us for low interest cash advance loans report at least some credit issues on their application. We can't continue to ignore such a large proportion of borrowers and in response to their requests, we have eased credit requirements for our cash advance and payday loans in 2014," explains Mark Miller, founder of http://www.cashadvanceusa.net.

For most individuals, the credit score (FICO) ranges from 300 to 850 and based on numbers released by Cash Advance USA, there are plenty of loan options for individuals within the lower echelon of the spectrum. In fact, cash advances are considered a potent option due to their historic preference for credit leniency. Miller's company has taken that a step further and has worked with lenders to reduce the credit requirements even further. In some instances, lenders circumvent the credit check process entirely.

Finally, for individuals desirous of using funds from their pay day loans as a temporary form of finance, Miller offers the following debt reduction tips:

Meticulous craft a budget that would help you pay off your debt. Take stock of all your income sources and expenditures and after allocating a small reserve, consider paying off as much of your loan as possible.

Aggressively trim as many expenses as possible and consider including an additional income source.

Regularly monitor your credit rating. If you repay your loan on schedule, your credit scores will slowly start improving, especially if the lender reports your transactions to all major credit bureaus.

Consider paying more than the minimum requirement. This will help you clear out the debts sooner. As an added bonus, your credit scores will improve as well. In fact, nearly a third of your credit score boost comes from your payment history alone.

Seek professional assistance if you need help with managing both your debt and credit. Many non-profit organizations offer free counseling. All it takes is one phone call.

Cash Advance USA specializes in providing a wide range of personal loans. With a network of hundreds of lenders, the company offers customized options for individuals in need of loans. The company's programs cater to bad credit borrowers as well. With its latest announcement, credit requirements will be loosened even further in 2014.

To request a quote from a pre-screened lender, please visit http://www.cashadvanceusa.net/payday-quote.html today.

Media Contact: Mark Miller, Cash Advance USA Ltd, (512) 571-3828, [email protected]

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE Cash Advance USA Ltd

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
One of biggest questions about Big Data is “How do we harness all that information for business use quickly and effectively?” Geographic Information Systems (GIS) or spatial technology is about more than making maps, but adding critical context and meaning to data of all types, coming from all different channels – even sensors. In his session at @ThingsExpo, William (Bill) Meehan, director of utility solutions for Esri, will take a closer look at the current state of spatial technology and ar...
SYS-CON Events announced today that Interface Masters Technologies, a leader in Network Visibility and Uptime Solutions, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Interface Masters Technologies is a leading vendor in the network monitoring and high speed networking markets. Based in the heart of Silicon Valley, Interface Masters' expertise lies in Gigabit, 10 Gigabit and 40 Gigabit Eth...
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue an...
As software becomes more and more complex, we, as software developers, have been splitting up our code into smaller and smaller components. This is also true for the environment in which we run our code: going from bare metal, to VMs to the modern-day Cloud Native world of containers, schedulers and microservices. While we have figured out how to run containerized applications in the cloud using schedulers, we've yet to come up with a good solution to bridge the gap between getting your conta...
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his session at @DevOpsSummit 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will show how customers are able to achieve a level of transparency that enables everyon...
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
SYS-CON Events announced today that Streamlyzer will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Streamlyzer is a powerful analytics for video streaming service that enables video streaming providers to monitor and analyze QoE (Quality-of-Experience) from end-user devices in real time.
In past @ThingsExpo presentations, Joseph di Paolantonio has explored how various Internet of Things (IoT) and data management and analytics (DMA) solution spaces will come together as sensor analytics ecosystems. This year, in his session at @ThingsExpo, Joseph di Paolantonio from DataArchon, will be adding the numerous Transportation areas, from autonomous vehicles to “Uber for containers.” While IoT data in any one area of Transportation will have a huge impact in that area, combining sensor...
DevOps theory promotes a culture of continuous improvement built on collaboration, empowerment, systems thinking, and feedback loops. But how do you collaborate effectively across the traditional silos? How can you make decisions without system-wide visibility? How can you see the whole system when it is spread across teams and locations? How do you close feedback loops across teams and activities delivering complex multi-tier, cloud, container, serverless, and/or API-based services?
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
So you think you are a DevOps warrior, huh? Put your money (not really, it’s free) where your metrics are and prove it by taking The Ultimate DevOps Geek Quiz Challenge, sponsored by DevOps Summit. Battle through the set of tough questions created by industry thought leaders to earn your bragging rights and win some cool prizes.
Today every business relies on software to drive the innovation necessary for a competitive edge in the Application Economy. This is why collaboration between development and operations, or DevOps, has become IT’s number one priority. Whether you are in Dev or Ops, understanding how to implement a DevOps strategy can deliver faster development cycles, improved software quality, reduced deployment times and overall better experiences for your customers.
Cloud based infrastructure deployment is becoming more and more appealing to customers, from Fortune 500 companies to SMEs due to its pay-as-you-go model. Enterprise storage vendors are able to reach out to these customers by integrating in cloud based deployments; this needs adaptability and interoperability of the products confirming to cloud standards such as OpenStack, CloudStack, or Azure. As compared to off the shelf commodity storage, enterprise storages by its reliability, high-availabil...
The security needs of IoT environments require a strong, proven approach to maintain security, trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vic...