Money Tree Lending and Other Financial Services

2008-11-24 13:56:31

( Financial )



About Money Tree

Washington-based Money Tree provides various financial and other services to the public, as well as mortgage loans through a tie-up with the McLaughlin Capital Group. Started in 1983, the company is licensed under federal and state laws to offer its financial services and has branches operating in five states.

The company has a wide variety of services that are mostly financial in nature. Money Tree lending services include payday loans, express business loans and check cashing. It offers its own PIN based debit cards or the Mastercard debit card. It also has facilities for sending wire transfers through Western Union, and sells prepaid phone cards, stamps, fax and copy services. Unlike banks and other credit institutions, Money Tree offices are open seven days a week, with long operating hours.

Money Tree Lending Policies

The company offers payday loans to provide for temporary cash shortages or for emergency needs. Money Tree follows state and local laws in its lending policies, especially in determining the proper amount its customers can borrow.
However, the company no longer offers military payday loans due to a new federal law in 2007.

Fees that Money Tree charges are also based on limits set by the states that it operates in, so you are sure that you will not be overcharged for check cashing or borrowing payday loans.

Interest rates and loan fees are standard for all types of customers. A strange thing about Money Tree lending policies is that the company does not really review your credit report but rather bases its decision to approve payday loans based on your estimated ability to repay. Your monthly and biweekly income figures are crucial for Money Tree to determine how much to lend you.

While loan evaluation appears simple, part of Money Tree lending policies is to provide you with a detailed loan agreement and disclosure statement. The document declares the amount and due date of your payday loan.

Applying for Money Tree Loans

You may either visit the Money Tree office nearest your residence or workplace, or apply directly at the company's website. If you apply online, you need to fill in all required fields and submit it by e-mail. Or you can print a hard copy of the completed form, and submit it to one of the Money Tree offices. You can expect an approval within an hour.


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