Shutter Lending – Streamlined Pay Advances

Payday Resources (PDR) has partnered with Shutter Lending to launch an innovative short-term lending product that directly benefits employers and employees alike.

Under the Emergency Funding Benefit (EFB) Program, eligible employees of participating PDR companies are loaned funds only in amounts that can be paid back via a direct payroll deduction on their next paycheck; in other words, lending is based on actual wages earned and not credit history.

As a result, the common and costly downward spiral of mounting debt (rolled over balances; fees compiling, adding up over time) associated with traditional payday lending is avoided — the EFB Program is the very definition of responsible borrowing.

Other elements that directly benefit participating employees of PDR clients include: easy application and approval (99% of loans funded); a less invasive, hassle-free experience (private); reduced fees as compared to other payday lenders, traditional banks (overdraft fees). The EFB Program is intended for people who are actively employed and in good standing at their place of work.

To elaborate, in today’s challenging economic environment, absent any savings or access to alternate financial resources (e.g., generous friends and families), many people face increasingly dire financial circumstances — the stressful predicament of how to come up with short-term cash to cover everyday needs and unplanned emergencies… a child’s medical bill, car repairs, utilities, a week’s worth of groceries, etc.

The situation described above sets the stage for people (possibly your employees) to be taken advantage of by unscrupulous payday lenders that engage in predatory lending practices.

By offering the EFB Program to employees, companies generate goodwill among their workforce. Already underway, PDR is excited to build on the early success of the EFB Program.

And for your employees, the lending process itself — quite literally — couldn’t be easier; in fact, it’s as easy as 1-2-3 … a three-step approach that is entirely automated and handled online at shutterlending.com.

Step 1… Registration/Signup
Step 2… Application Processed
Step 3… Approval/Get Paid

Your employee then receives the short-term funds they need.

Employees currently using the Shutter system give it a big thumbs up.

“The loan process is very simple at Shutter Lending. They don’t ask for much. The staff is friendly and the rates are low. I’ve used other payday loan companies in the past but they don’t compare to what I’ve experienced at Shutter. I don’t plan to go anywhere else.”

–Francisco

“Sometimes emergencies happen and bills need to get paid before you get your paycheck. I like how easy it is to work with Shutter Lending. The process is simple and straightforward and the rates are low. The best thing is that the amount I borrow is automatically deducted from my next paycheck. I don’t have to worry about making payments or falling behind on what I owe, dealing with collections. I like that the process they describe upfront is exactly what happens. I trust them and would recommend them to anyone looking for an advance.”

–Lori

“I like using Shutter. The amount I borrow comes right out of my next paycheck so I don’t ever end up paying any additional interest. I feel they treat me well and with respect. And I like that the process they describe upfront is exactly what happens. I trust them and would recommend them to anyone looking for an advance.”

–Chad