Welcome!

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
"We were founded in 2003 and the way we were founded was about good backup and good disaster recovery for our clients, and for the last 20 years we've been pretty consistent with that," noted Marc Malafronte, Territory Manager at StorageCraft, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"DivvyCloud as a company set out to help customers automate solutions to the most common cloud problems," noted Jeremy Snyder, VP of Business Development at DivvyCloud, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Kubernetes is an open source system for automating deployment, scaling, and management of containerized applications. Kubernetes was originally built by Google, leveraging years of experience with managing container workloads, and is now a Cloud Native Compute Foundation (CNCF) project. Kubernetes has been widely adopted by the community, supported on all major public and private cloud providers, and is gaining rapid adoption in enterprises. However, Kubernetes may seem intimidating and complex ...
While the focus and objectives of IoT initiatives are many and diverse, they all share a few common attributes, and one of those is the network. Commonly, that network includes the Internet, over which there isn't any real control for performance and availability. Or is there? The current state of the art for Big Data analytics, as applied to network telemetry, offers new opportunities for improving and assuring operational integrity. In his session at @ThingsExpo, Jim Frey, Vice President of S...
DX World EXPO, LLC., a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"We focus on SAP workloads because they are among the most powerful but somewhat challenging workloads out there to take into public cloud," explained Swen Conrad, CEO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"As we've gone out into the public cloud we've seen that over time we may have lost a few things - we've lost control, we've given up cost to a certain extent, and then security, flexibility," explained Steve Conner, VP of Sales at Cloudistics,in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We provide IoT solutions. We provide the most compatible solutions for many applications. Our solutions are industry agnostic and also protocol agnostic," explained Richard Han, Head of Sales and Marketing and Engineering at Systena America, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are focused on SAP running in the clouds, to make this super easy because we believe in the tremendous value of those powerful worlds - SAP and the cloud," explained Frank Stienhans, CTO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"DX encompasses the continuing technology revolution, and is addressing society's most important issues throughout the entire $78 trillion 21st-century global economy," said Roger Strukhoff, Conference Chair. "DX World Expo has organized these issues along 10 tracks with more than 150 of the world's top speakers coming to Istanbul to help change the world."
"Peak 10 is a hybrid infrastructure provider across the nation. We are in the thick of things when it comes to hybrid IT," explained , Chief Technology Officer at Peak 10, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I think DevOps is now a rambunctious teenager – it’s starting to get a mind of its own, wanting to get its own things but it still needs some adult supervision," explained Thomas Hooker, VP of marketing at CollabNet, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are still a relatively small software house and we are focusing on certain industries like FinTech, med tech, energy and utilities. We help our customers with their digital transformation," noted Piotr Stawinski, Founder and CEO of EARP Integration, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We've been engaging with a lot of customers including Panasonic, we've been involved with Cisco and now we're working with the U.S. government - the Department of Homeland Security," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.