Payday Loan Laws

Payday loan laws are being thoroughly scrutinized right now by the President, Congress, and the media. President Obama and other elected officials are making changes in these laws a top priority. Many payday lending businesses are waiting patiently to see what the outcome of these proposed changes are, but others are taking a more proactive approach to find out how they can benefit from these law changes. Many believe change is inevitable, and if so, how are you going to react?

Compass Technologies has developed software to help payday lending businesses take advantage of this opportunity. Kwik-Loan is a suite of software modules tailored specifically to consumer finance companies. These tools allow payday lenders to transition to a more traditional form of consumer lending and operate more efficiently. To learn more about Kwik-Loan, contact a representative today. Don’t allow the changes in payday loan laws to catch you by surprise. Be proactive. Be prepared for change.

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Credit Central has been using EnCompass for more than a year and a half now. To begin with, the Compass staff was very helpful in converting our old data over to their real-time platform. The b...

David Terrell, Credit Central

Previously, we were running on a system that required a server at each location. Our branches had to run daily reports and forward to the home office where we consolidated them for management review....

Brad McClure, Central Financial Services

By moving to the Compass Kwik-App program, Kitch as been able gain an edge on competitors by electronically providing all necessary loan documents to our indirect dealers. Dealers love the fact that ...

Chet Kitch, Kitch Companies

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