An Online Payday Loan Business Takes Flight

Historical archive, first published 2006 — payday-lending laws and rates have changed since. Preserved for the record.

Let's welcome another website into the online payday loan universe. 

LitFunding Corp. announced today that its wholly owned subsidiary, Easy Money Express, has signed a service agreement with M3 Internet Services Inc. to provide the servicing of Easy Money's Internet-based payday loan business.

Morton Reed, president of LitFunding Corp. said:

"A key component of operating our payday loan business consists of an infrastructure, including hardware, software and management of the technologies required to track and account for the customer servicing and collections aspects of the business.

The ability to utilize M3's existing online payday loan software to service our new business operations is intended to save us a significant amount of time and dollars in establishing this type of business."

Recently, Easy Money entered into an agreement with Interactive Brand Development to provide Internet marketing to Interactive Brand's customer base, directing potential personal loan customers to Easy Money.