March 2nd, 2010
Legendary entrepreneur Robert L. Johnson was a keynote speaker at last week’s Prepaid Expo in Las Vegas, NV. Other keynote speakers included President Bill Clinton and Arkadi Kuhlmann, CEO of ING Direct. Mr. Johnson is the founder and Chairman of The RLJ Companies which owns Urban Trust Bank, ThinkCash’s partner in the Elastic line of credit and [...]
July 16th, 2009
Each quarter we nominate employees that have best represented each of ThinkCash’s six core values. Winners are recognized at our company Town Hall meeting and receive a cash bonus as well as a coveted Core Values Winner sticker for their nameplate.
Here are the winners for Q2 2009:
Respect the Customer: Jessica R. (Verifications)
Do the Right Thing: Quincint C. [...]
July 16th, 2009
ThinkCash and Urban Trust Bank recently announced a partnership to offer ElasticTM, an emergency cash line of credit available to anyone with a regular source of income. The Elastic line of credit provides consumers with access to up to $500 in emergency cash to cover unexpected bills, car repair, and other urgent financial needs at a [...]
May 28th, 2009
On Memorial Day, ThinkCash sponsored the 2009 Texas State Criterium Championships in Fort Worth. It’s the largest 1-day bike race in North Texas with over 500 participants and 3,500 spectators. The event featured a wide range of races for both men and women, including a professional race with thousands of dollars in cash prizes. Just [...]
February 4th, 2009
One of the primary arguments used by critics of the payday lending industry is that payday loans push consumers into a “cycle of debt” from which they cannot escape. A recent study from Clemson University refutes this argument, concluding:
“…there is no statistical evidence to support the ‘cycle of debt’ argument often used in passing legislation [...]
February 4th, 2009
Each quarter we nominate employees that have best represented each of ThinkCash’s six core values. Winners are recognized at our company Town Hall meeting and receive a cash bonus as well as a coveted Core Values Winner sticker for their nameplate.
Here are the winners for Q1 2009:
Respect the Customer: Jessica S. (Information Technology)
Do the Right Thing: [...]
January 24th, 2009
Last month we introduced a new program called Random Acts of Kindness. It’s PayDay One’s way of giving back to our customers.
Each month, we randomly select a few customers and forgive their loans. Our customer service employees get to make the phone calls and listen to the customer’s reaction. It’s usually a mix of surprise, [...]
January 16th, 2009
A new study by management consulting firm Bretton Woods found that banks and credit unions collected a staggering $37 billion in non-sufficient funds and overdraft fees in 2008. This represents and increase of 97% over the past 3 years.
Furthermore, 80% of overdraft fees ae incurred by about 20% of households. These consumers paid an average of [...]
December 8th, 2008
The FDIC just released a new study of bank overdraft programs. The study confirms what our customers already know - bank overdraft loans are almost always more expensive than short term loans from companies like PayDay One and ThinkCash. In fact, the study calculated that the APR on a typical overdraft transaction can be 3,520 [...]
December 5th, 2008
PayDay One is one of the oldest and largest online payday lenders. We owe our success to over a million hard working Americans that have chosen PayDay One for their emergency cash needs. Recently, we introduced a new program to say “thanks” to our customers. We call it “Random Acts of Kindness” and here’s how [...]
