Payday Power Halves Payday Loan Processing Time

Server upgrades allow the payday loan broker to cut the time it takes to process applications in half.

London (PRWEB UK) 16 May 2011

In an industry where time is of the essence, Payday Power has successfully halved the processing time for all paycheck loan applications. This means applicants will now receive the decisions and receive the funds into their account twice as quickly as they could previously.

This is the result of a server upgrade, which allows Payday Power to process multiple applications at the same time. No additional costs are charged to customers; however, they will benefit from significantly reduced waiting times.

Obviously this will prove to be extremely beneficial for those looking for the fastest possible solution for their application. With more consumers looking for same-day loans To provide near-instant funds, these ongoing developments in reducing processing times help companies like Payday Power stay ahead of their competitors in an increasingly competitive marketplace.

Speaking on behalf of Payday Power, Chief Executive Simon said, “This is one of a long list of developments we have and will continue to implement in 2011. Our goal is to offer a service that is safe, convenient and fast for customers. to use. By improving servers and cutting processing times in half, we believe we are in a better position to provide an even higher level of service. “

“We recently announced that Payday Power will offer regular service on bank and bank holidays, so this is just a further development designed to improve the ease of accessing payday loans,” continued Simon. “The cost of this server upgrade is what the company will cover and no additional costs will be passed on to customers. It is important that we continue to improve and develop our services to help exceed customer expectations, we hope this is another step towards achieving this goal. ”

About Payday Power:

Founded in 2008, Payday Power is one of the leading online paycheck loan brokers. Part of the Reset Finance group, it enjoys the support of a number of leading lenders to help get the best deal for customers. Payday Power offers paycheck advance loans of up to £ 1,200 at a typical representative APR of 1,737%, which is approximately £ 25 per £ 100 borrowed or 25% of the total amount, and is committed to providing responsible lending.


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