Payday Loan Legislation

Payday loan legislation has been a hot topic lately on both a state and national level. President Obama and other elected officials have fought hard for changes in payday lending services because they equate them to other predatory lending practices. Most believe that some change, either big or small, will be made. If a change is inevitable then consumer lending businesses should be prepared and embrace it as an opportunity. It can become an opportunity for those companies to shift their focus to more traditional forms of consumer finance.

Kwik-Loan is software developed by Compass Technologies that addresses this new opportunity for consumer finance companies. Kwik-Loan will allow your company to operate more efficiently by being able to quickly build and maintain a website, take online applications, make credit decisions, manage applications, and give customers online account access. To learn more about Kwik-Loan, contact a representative today. Don’t allow payday loan legislation to hinder the future of your business. Seize the opportunity!

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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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