SOURCE: CashWire.com

online payday loans, payday cash advance, Florida payday loans, North Carolina payday loans

September 22, 2010 06:00 ET

CashWire.com Now Connects Customers With Line of Credit (LOC) Lenders

ELGIN, IL--(Marketwire - September 22, 2010) -  CashWire.com, an online lender matching service, is pleased to announce that in addition to connecting visitors to their site with payday cash advance lenders, they also now work with line of credit (LOC) lenders.

"We are thrilled to be working with LOC lenders and adding this great new product to our other great selections of online payday loans and cash advances," said a CashWire.com representative. "This is a great choice for borrowers who need more than a payday loan, but find themselves unable to gain sufficient credit from conventional banks, and are not truly a sub-prime consumer."

Open ended LOC products are similar to credit cards in that the customer is offered a line of credit for a certain dollar amount. The borrower is then able to use the line of credit however they want, all at once or just as needed. Typically the customer will make minimum monthly payments that will vary depending on their amount they have outstanding.

While instant payday loans are generally faster to obtain (visitors to CashWire.com can obtain online payday loans in as little as one hour), some consumers prefer to withdraw more money than an online cash advance or payday loan will allow. With a line of credit, customers gain the convenient ability to access more credit easily, without applying for a second or third loan. The customer has long-term access to funds up to their approved limit; the credit line remains open as long as the customer satisfies their monthly payment requirements.

As is required, line of credit monthly statements can be mailed and/or emailed to customers displaying their monthly activity, available credit, minimum payment required, etc. Borrowers also have the ability to log onto the lender's website to pull up their statement and view current transactions online.

For more information on the new line of credit options from CashWire.com, visit www.cashwire.com.

To read more on this topic, visit: http://www.cashwire.com/news-and-articles/customers-with-line-of-credit.html.

About CashWire.com:

CashWire.com is a lender matching service providing customers all over the country with access to fast, secure online payday loans up to $1500, including Florida payday loans and North Carolina payday loans. With a convenient online application and accommodating payment options, borrowers get the cash they need when they need it.

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