| Payday Loan - Payday Advance - Agent Program |
| NOTE: This is a very new program! The fee schedules and scenarios may be modified without notice. Our mission is to develop a program that is fair to all parties. Together we can all prosper. Separately we cannot succeed. We sincerely appreciate your input and will always make every attempt to embrace your ideas and honor our commitment to you!! |
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| AGENT SIGN UP APPLICATION |
| How The Payday Loan Agent Program Works A Typical Scenario: You operate a retail business. You place a "Payday Loans Available Here" sign in your window. Payday loan applicants come into your location. You answer their questions and qualify them. If they meet the underwriting criteria of the "Bank", you direct them to a computer terminal with Internet access displaying your "Unique Application" page. This "Unique Application" page identifies your location as the source of the payday advance. It allows you to submit individual payday loan applications and to log in to a management area to monitor the productivity and earnings for your location. After the payday loan applicant fills out and submits the Payday Loan Application displayed on your computer terminal, they are to print and fax the Application to the "Bank". Within 15 minutes, the "Agent" will receive a telephone call indicating approval or denial of the payday loan to the applicant. In the case of an approval, funds will be wired into the checking account of the Applicant within 24 hours. In the case of a denial, a "Letter of Declination" will be given by the Agent to the Applicant. |
| What the "Bank" does: * The "Bank" pays you $9.00/ea for 1-25 1st Time Applications per month. * The "Bank" pays you $11.00/ea for 26-50 1st Time Applications per month. * The "Bank" pays you @14.00/ea for 51 or more 1st Time Applications per Month * The "Bank" pays the following for repeat Customer Applications: 2nd Time Repeat Customer = $4.00 3rd Time Repeat Customer = $3.00 4th Time Repeat Customer = $2.00 5th Time or more Repeat Customer = $0.00 * The "Bank" funds ALL the Payday Advances. You need zero $$ to fund payday loans. * The "Bank" deals with all collection issues. * The "Bank" approves you and your location as an "Agent". * The "Bank" provides a toll free number for faxing applications from your location |
| What we, Aaffordable Web Services, do: * We set up your "Unique Application" page and account for a onetime setup fee of $99.95 per location * We provide hosting of your "Unique Application" page and account reporting/mngt center for a fee of $14.95/month. * We will provide a "link" to the "Unique Application" page for your payday loan applicants. * We provide each of your Applicants a unique customer Identification Number. This allows all parties to track fees earned and Applicant data. |
| What You Do: * You provide a location for payday advance applicants to come to. * You provide a computer with Internet access displaying your unique application page * You direct the payday advance applicant to your "Unique Application" page. They fill out the "Application". They then print the application in your facility and the "Application" is faxed. * You pay for any advertising/marketing you choose to utilize to bring payday loan applicants to your location. * You provide printing capabilities at your location so the payday advance application can be faxed after the payday advance applicant signs the application * You provide an employee to support the above tasks * You pay a onetime setup fee of $99,95 * You pay a monthly "Unique Application Page" hosting fee of $14.95. * You provide fax capability and absorb the fax charges. A toll free number will be provided to you. |