New Loan Options Meets Needs of Ohio Customers

Make Anyday Payday

A recent change in lending laws in Ohio means it may be harder for certain consumers to find the short-term loan options that were available to them in the past. New legislation is making it difficult for many brick and mortar and online payday lenders to operate in Ohio, leaving their customers with few places to turn.

Fortunately, CashNetUSA has developed a new loan product aimed at offering these customers the short-term funding they need, even with payday loans being out of the picture. Our Mortgage Loan Act (MLA) loan is a fully licensed, convenient and quick answer to immediate money needs and carries a lower finance charge on average1 than former payday loans. Customers can apply for a loan amount of $100, $500 or $1,000 and often get the money by the next business day.

Ohio customers can still benefit from CashNetUSA’s fast online application, quick funding and hassle-free direct deposit of funds. Learn more about how you can take advantage of CashNetUSA’s fast online loans at www.cashnetusa.com.

1. Based on average loan size of $500 funded principal for 14 days (www.cashnetusa.com/ohio_mla) for a comparison.

This entry was posted on Wednesday, November 26th, 2008 at 2:42 pm and is filed under Cash Advance Industry. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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* CashNetUSA and third party lender funds are generally deposited via ACH for delivery next business day if approved by 9pm CST Mon. – Thu. or by 7pm CST Sun.

** Due to state and verification requirements, not all applicants for online loans may be eligible for instant approval by CashNetUSA or third party lenders.

*** Some customers applying for payday loans or installment loans may be required to submit additional documentation due to state law and qualification criteria.

† CashNetUSA or third party lender does not perform traditional credit checks as part of its credit transaction approval process, but does verify applicant information via national databases including, but not limited to, Tele-Track and CL Verify. If you have defaulted on past transactions, you may be declined for a cash advance from CashNetUSA.

‡ Maximum funded amount for payday loans or installment loans depends on qualification criteria and state law. See Rates and Terms for details.

++ Please see Rates and Terms to check the availability of online loans in your state. CashNetUSA is not a lender in all states. In some states, CashNetUSA will (i) act as a broker to arrange a loan between you and a third party lender, or (ii) connect you with a financial matching service.

Customer Notice: Payday advances should be used for short-term financial needs only, not as a long-term financial solution. Customers with credit difficulties should seek credit counseling.