Payday & Installment Loan Software

Today, burgeoning numbers of people are able to go to payday or installment loan businesses that deliver a much needed service that requires expediency, attention to detail, and professionalism.

Technology makes it possible for these businesses to mitigate risk and to manage their operations lawfully, profitably and with discerning attentiveness. Data Age’s AdvanceMaster® product provides payday and installment loan businesses with a flexible platform on which to operate and grow. Whether your payday or installment loan business is a single-store or a multi-store operation, AdvanceMaster® enables you to master the data needed to make fast, sound decisions and conduct business.

Many payday and installment loan businesses rely on AdvanceMaster® to customize loans and to accommodate the varying situations of the borrower. AdvanceMaster® provides you with the means to expedite the capture of data, facilitate processes, and generate data that is easily accessed and intuitive. The robustness of the product protects the business from internal and external fraudulent activity. Adherences to regulatory mandates are simplified and result in significant savings, provides protection against litigation, and reduces judicial repercussions.

As a payday or installment loan business using AdvanceMaster®, you can:

• Navigate through our system and interface with value-added services such as CL Verify (identity authentication), NCMS (bank account verifications), and Intercept (EFT and ACH).
• Access Customer Statistics & History- View data that shows summaries of Paid, Dishonored or Written-off loans. The customer ledgers break-outs of all payments.
• Customize Payment Options- Conform to all state rules. Design Partial or Competitive payment plans, Redeems, Roll-overs, Late Charges, or Lost Ticket fees.
• Manage Collections- Automate Overdue Reports, Collection Summaries, “Commitment to Pay” schedules, “reminder letters” and notices. Use Customizable Status, Notes and Write-off Fields.
• Implement “One-Step” Deposits and Dishonor Check and fee processes.
• Set Employee or Customer Limits- Controlling maximum loan amounts or income percentages.
• Access Check Verification services.
• Interface with Veritec- Sharing data with Multiple State Databases.

As the industry is maturing, consumers are requiring more than just the standard payday loans secured by a personal check. Many businesses are now expanding their offerings to include installment loans and signature loans as well. With its modular plug-ins, AdvanceMaster® provides the flexibility to manage a wide variety of small lending products.

AdvanceMaster® is more than a payday loan software product. It is part of a family of integrated solutions designed by Data Age and our partners. So, if like many of our customers, part of your business is payday lending and you have diversified into other areas, Data Age should be your vendor-partner.