In Wisconsin, consumers who take out cash advances and payday loans frequently could receive VIP benefits through their preferred lender. The VIP programs offer the consumers faster transactions when they need money. A local lender could explain the VIP opportunities more fully.
Prepaid Debit Cards
The VIP customers will receive a prepaid debit card from their preferred lender. The prepaid cards enable the lender to add funds at any time that the consumer wants to take out a new loan. The loan values are deposited directly onto the debit cards based on when the consumer requests the new loan. The consumer can use the debit card and the funds however they choose.
Faster Verification and Loan Processing
The programs provide for faster verification of loan information and processing of the loans. Instead of facing delays associated with checks, the consumers could receive the funds on the same day they request their next cash advance or payday loan. The information about their employment, income, and personal details are stored on a server and connected to the debit card account. All information is transferred to the new loan contract as soon as the consumer requests their loan.
Set Limits for Loans
The program selected by the consumer defines the total value of the payday loan or cash advance they receive. The opportunities restrict the loan value based on the consumer’s wages. The consumer provides updated information about their current wages when applying for the programs. It is possible to transfer to a new program if the consumer’s wages are increased.
Reduced Fees and Charges
By participating in the payday loan or cash advance programs, the consumers could receive reduced fees and finance charges for their new loans. The duration of each loan defines the total interest and finance charges applied to the loans. Each program has a set rate for finance charges based on the highest loan value.
In Wisconsin, valued customers who receive cash advances or payday loans could receive invaluable benefits from their lenders. Programs are available to the consumers based on their income and frequency in which they utilize the loan products. Consumers who want more answers about the loans can contact Blue Trust Loans right now.