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CHNW !!!!!!!!!! Cash Now Corporation .0045
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[QUOTE]Originally posted by atleast: [QB] Tuesday, October 24 2006 4:00 PM, EST Cash Now (CHNW) Announces A New Quicker Loan Funding Process PR Newswire "US Press Releases " FORT LAUDERDALE, FL , Oct. 24 /PRNewswire-FirstCall/ - Cash Now Corporation (CHNW.PK) [URL=http://www.cashnow.com]www.cashnow.com[/URL] (Cash Now), Cash Now, a public company engaged in the design, manufacturing, marketing and distribution of customized payday loan and check cashing software and systems, internet based payday loans, and other sub prime financial utility tools, today announced that it will launch a "FAXLESS PAYDAY LOAN PROCESS" for the consumers before the launch of the official Christmas holiday shopping season. Although this method of funding seems riskier for the lenders, the company feels that with the new current trend embracing the payday industry; this should not be a problem, as nowadays, sub prime loan companies can verify income and identification without the need to have the customer fax in any documents. Cash Now's faxless or no fax payday loan will verify the borrowers income and other information by phone or electronically through it's own Trust Vault database and other 3rd party credit reporting agencies. Most of Cash Now's payday loans will start the customer out with the ability to borrow up to $500.00 in "e-cash". They will need to fill out the application and once they have been approved, the funds will usually be deposited into their bank account on the next business day, or on their Cash Now Debit Card. The customer will usually have 2-3 weeks grace period to re pay the funds back in full. If the customer needs more time, though, Cash Now grants it's customers an automatic extension so long as they pay the interest due at the time of the due date. The company feels that when applying for a payday or cash advance loan, if the customer is in a hurry, the fastest way to go is with a no faxing or faxless loan. These are the easiest to complete, and the fastest to be approved for, and it's ideal for those customers that do not have access to a fax machine. All of the faxless loans will be stored and processed in the Trust Vault that will offer Cash Now customers a 7/24 interactive access to their loan decisions. Cash Now sees this as a possible huge revenue boost mechanism as it will be able to process more loans and do more transactions through it's newly acquired call centre. ABOUT CASH NOW Cash Now Corporation (CHNW.PK), a pioneer in the Internet payday loan, and check cashing industry is developing the most comprehensive menu of services in the cash advance industry, all centered on the Cash Now brand. For instance, the Cash Next Super Broker concept is taking North America by storm! Our team of highly qualified financial executives know what works, and what it takes to place your loan request! Cash Next is backed by a highly experienced team, delivering blue chip solutions for businesses, and consumers. The company's proven business model includes licensing to corporately operated joint venture locations across the U.S., Canada , Australia , and UK. Cash Now offers a Payday Loan License program, Payday Express; a Payday Loan and Check Cashing License known as Check Express and an Authorized Agent Program for existing retail establishments; as well as a host of related financial services for small and medium-size businesses this includes the Cash Next broker program. Cash Now with its web based and focused outlook has won the Golden Web award in 2001, 2002, 2003 and 2005. In 2005 Profit Guide magazine ranked the Cash Now Group 10th in its list of the 50 fastest growing and most promising emerging companies. In 2005 Cash Now was ranked (#) 44 out of top 1000 fastest growing franchising companies by Entrepreneur guide. SOURCE Cash Now Corporation [/QB][/QUOTE]
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