August 17, 2022 9:00 a.m. EDT
SINGAPORE, August 17, 2022 (Newswire.com) –
Newly created online credit platform WeLoans officially entered the lending market with the sole purpose of providing consumers of all credit types with access to a financial lifeline. The company aims to achieve this by partnering with hundreds of direct lenders, many of which are based in different states, to provide consumers nationwide with a rather unique opportunity to easily find and compare multiple loan offers on the current market. It also aims to help borrowers reduce the risk of incurring bad debt, as they can now choose the loan rates and terms that best suit their financial situation.
WeLoans CEO Lucia Jensen said, “With soaring inflation contributing to higher prices across the board, consumers are struggling to get by on their savings alone. Many of them need to borrow more to maintain their standard of living, but the problem is that a good part of the market is excluded from traditional lending channels. Our goal is to provide this market with a clear path to financial relief, despite their less than stellar credit history.
This has driven the company to expand its global market reach, improve its technology infrastructure to facilitate a reliable and trustworthy loan matching process, and strengthen its relationships with lenders to help consumers obtain very advantageous loan offers. Naturally, the combined effect of these strategies has led to a steady increase in their online reputation with consumers over the past year.
The WeLoans CEO added, “So far, we have successfully added over 100 loan providers to our network, giving our customer base access to a wide variety of secured and unsecured loan products, such as loans for bad credit, installment loans, title loans, cash advances, and more. Additionally, since all of our lenders are willing to accept bad credit applications, as long as consumers have a stable stream of income to make their repayments on time, anyone can apply for financing without fear of be rejected.”
However, the biggest highlight is the fact that the company does not hold any financial stake in the loan applications, as it does not charge its customers any additional fees or hidden fees to use its service. Instead, WeLoans offset their fees with their lenders, which means that each time a borrower is matched with their chosen loan provider, they take a commission from them. “It’s about giving people access to more financial options, so we don’t think they should have to pay to explore what the loan market has to offer,” concluded Lucia Jensen.
WeLoans also has a dedicated customer service team that provides 24/7 support to consumers who need help filling out application forms or dealing with any other loan-related issues and queries.
For more information, please visit: https://weloans.com/