Cash Doctors, Australia’s leading online cash loans provider, has extended their new $2 cash loans offer indefinitely. The move is due to a sharp increase in market demand for payday loans and cash advances in the country. According to Google, in January this year alone, Australians searched for “payday loans” specifically, and generally through other related key phrases, over 100,000 times.
Speaking from his Gold Coast base, Greg Ellis, Co-Founder of Cash Doctors, says that it’s taken a while for Australians to catch on to this new school loans product but all indicators show that demand and interest are definitely on the rise.
“We’ve had an overwhelming 6000% increase in loan contract offers over the past three years. What we’re finding is our clients are using our service as a viable alternative to credit cards and personal loans. They like the idea that there is no long-term debt associated with our cash advances. Our responsible lending practices mean they are unable borrow amounts they can’t afford. Additionally, we’ve gained trust in the market place by offering first-time loans for just $2, so people have a chance to try us out. We’ve decided to continue the offer indefinitely as it’s working well for us”.
Mr Ellis believes that this growth will continue to expand as payday loans and payday lenders like Cash Doctors cement a positive presence in the industry and more consumers become aware of the product and its benefits.
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