Zestcash payday loansZestcash is fairly new in the payday loans business and was co-founded by former Google CIO Douglas Merrill and former Capital One Chief Customer Officer Shawn Budde, in 2009.  They currently lend money to customers in Utah, Idaho, South Dakota and Missouri, and have plans to expand to four other states in the first quarter next year. These new states have not yet been announced but are rumoured to expand their customer base significantly.

 ”We’re right on the edge of a massive growth spurt,” said Merrill, the company’s CEO. He declined to disclose the new states but said they represent a larger potential customer base than the existing states.

Below is a promotional video released by Zestcash

Zestcash offers payday loans type products at what they claim to be half of what regular payday loans cost. The reason they are able to offer loans at reduced rates is due to the background information they collect that allows them to make better lending decisions. This additional information has helped reduce the default rate on their loans, therefore keeping costs down.

From our research we have found Zestcash loans to be more flexible and somewhat less expensive, however, not as easy to qualify for.

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Filed under: Payday Loan News

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