What is ZestCash?

A new potential payday lending rival is ZestCash, created by the former Google CIO, Douglas Merrill. Merrill has created a new way to reform payday loans which will help Americans looking for loans without having to be sucked into the cycle of debt that many borrowers face with payday loans. An astonishing 60 million Americans are unable to gain access to cash through credit and traditional banking resources. Under banked Americans can now turn to ZestCash for answers. Last year, 30 million Americans took out a payday loan averaging about $500. These payday loans can be rolled over nearly 6 times, which means the borrower will pay more in interest than they will to pay back the original loan amount. ZestCash is no offering an alternative to payday loansso that Americans no longer have to pay these outrageous fees. Payday lenders will take a percentage of what you earn and tell you how much you qualify to take out. Then you will have two weeks to pay back the loan plus interest. ZestCash on the other hand, allows the borrower to determine the amount that he or she needs to take out and over the period of time that they need to pay back the loan. This eliminates the need to roll over the loan and accumulate hundreds or even thousands of dollars of interest. There are weekly payment plans which accompany the terms of the loan that the borrower has laid out. Borrowers can then pay back the loan in tiny portions over a specific period of time. This is much less stressful than taking out a lump sum from one's next paycheck to pay back a payday loan. The maximum loan amount at this time is $500 but the company is looking forward to increasing this number. The loan is available in Utah and will begin to become available in other States in the United States. ZestCash will only work online and will not have any physical stores.

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We will be able to give you access of up to $500 and your credit does not mean a thing to us. You will receive instant approval with an active bank account, a steady job and proof of your age. You must be 18 or older to qualify. Learn more about payday loans on our site before applying.

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