Competition and options are good for everyone

Advance America’s CEO Patrick O’Shaughnessy on healthy competition within the short-term credit market, whether from banks or non-bank providers:

“I believe consumers benefit from having multiple options.
We’ve recently seen activity from both depository and alternative financial service providers as they focus on developing strategies to better serve their customer short-term credit needs.

Loan services reports since August 2010, when new rules took effect that prohibit banks from automatically enrolling customers in overdraft plans for debit cards or ATM transactions. The overall opt-in rates for such plan has grown to exceed 77%. This high opt-in rate clearly demonstrates large consumer demand for short-term credit and that consumers regard overdraft as a safety net and not as a penalty.”

New Loan Type!

Hello all of you wonderful customers. We are so happy to offer you a new type of loan called a Signature loan. A Signature Loan is a fully amortized loan (principal and interest are paid on with every payment). Your loan is amortized over 12 months so you minimum payment is very, very small, but you can pay more any time. Also, there is no penalty to pay off the loan before 12 months. Get out of those TRAPPING payday loans and refinance with a Utah Money Center Signature Loan today!