Implementation of e-signatures in payday loan processing systems.
Saturday, February 13, 2010February 13, 2009 - A spokes person from Mr. Payday Easy Loans Inc. 3421 Kingsway, Vancouver, BC V5R 5L3 Phone: (604) 435-2274 Fax: (604) 435-2271 has announced a launch of new faxless payday loan approval process. He commented, “We have improved our loan processing module which helped us to implement completely faxless loan approval process. We have conducted a survey and we have concluded that it is very inconvenient for payday loan applicants to fax personal information and loan documents and a lot of them do not have access to a fax machine. Canadian e-signature laws have made it possible for us to accept electronically signed documents from consumers.”
Payday loans are described as short term loans (typically under $1000) advance to borrowers until their next payday. Consumers that have difficulties to obtain loans from big financial institutions due to some credit problems in the past use these loans to pay unexpected expenses. Due to the nature of these loans, it is not advisable to use these loans as your prime credit source. It is also not advisable to borrow more than you can pay on your next payday.
Mr. Payday Easy Loans Inc. has been in business since 2002 and is a licensed payday loan provider in several Canadian Provinces. The company is dedicated to provide excellent customer service, full disclosure and responsible lending practices.
