Lending Stream

Lending Stream

May 04, 2010 01:00 ET

Lending Stream Announce Same Day Loan 'Express Cash Service'

EDGWARE, UNITED KINGDOM--(Marketwire - May 4, 2010) - Why must 'fast' get 'faster'? Because we live in an era where people choose to send e-mails rather than snail mails. Lending Stream, a leading payday loan company in the UK, now offers same day payday loans quicker than ever, after having implemented a faster system to make fund payments. Customers can now apply, be approved and receive their cash in their account within 24 hours. This can perhaps be the perfect solution for any urgent cash need.

The 'Express Cash' service perfectly complements the free service offered by Lending Stream to those who are prepared to wait for 3 days. In other words, customers have the option of receiving the cash within 24 hours or choosing the 'no cost' option to receive their funds in 2-3 days. The fee for 'Express Cash' transfers is typically 15GBP.

A spokesperson from Lending Stream said, "The payday loan industry has evolved and the needs of our customers are constantly growing. So, we realised that there was a pressing need to be faster. Although we were fast enough by industry standards, most often transferring funds in a day, the real challenge was to deliver it quicker. Through our 'Express Cash' service, some of our customers may even receive the funds within an hour."

With the 'Express Cash' service, once the verification process is completed and the customer gets approved for a loan, the fund transfer process is initiated. Some of Lending Stream's customers may have accounts with the smaller banks that are not equipped to handle fast transfers. In such cases, there may be a short delay. In 95% of the cases, though, the funds reach the customer's account the same day. With the new service offering, Lending Stream has reaffirmed its commitment to 'serving customers'.

"Our mission, simply put, is to serve customers in the best way possible. The 'Express Cash' service is another significant step in this direction," the spokesperson commented.

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