What Is the Application Process for a small, short-term loan?
A consumer begins the small, short term loan process by filling out a credit application at a CSO location. The information is then sent to the lender, who determines eligibility and approves or denies the loan based upon its underwriting criteria. Documents are signed and the loan funds are given to the consumer. Consumers have the option of repaying a small, short term loan in cash or by an ACH debit to a bank account.
