Payday Loan Transition

Payday loan transition talk has grown over the last year as the presidential campaign saw Barack Obama vow to cap annual interest rates for payday lending companies at 36%. And now that candidate Obama has become President Obama, the reality of rate caps is sinking in for many payday lenders. In response to this new reality, many of these lenders are seeing this payday loan transition as an opportunity to move into more traditional forms of consumer finance.

Kwik-Loan is a suite of software modules built specifically for the consumer finance industry. And as more and more payday lenders are trying to move into this space, Kwik-Loan has been positioned to help them do so. Our tools help lenders manage every aspect of their business from marketing to potential borrowers to receiving and processing applications to managing multiple locations. Please contact us if you would like to talk to a representative about the current payday loan transition.

Click here to learn more about how Kwik-Loan can help with your payday loan transition.