Over 20 million people in the United States have the potential need for a short-term loan. Several regulators and lobbyists have posed issues against the industry due to the rates/fees that are charged for various short-term loan products. Many people, however, do not look at the service that is performed and the risk associated with providing that service, and see the significant value of such services vs. costly alternatives (i.e. bounced checks, etc.).

A short-term loan allows consumers to avoid bounced check fees from both merchants and banks that very often double the cost of a loan. Avoiding the NSF fees also allows the consumers to stay clear of unnecessary embarrassment with local vendors and banks, not to mention future credit hassles.

Today there are over 22,000 stores and hundreds of call centers servicing the marketplace. All of these locations have a need for standardization of the lending process and flexibility to service the customer in a fast, efficient manner. TranDotCom Solutions offers its Loan Management System (LMS) to allow merchants all over the world to perform the same.

In the last few years, the life cycle of the short-term loan industry has passed the acceptance and regulation phases chartering into the growth and consolidation of participant phases. Industry statistics reveal the market currently is around $30 billion in transaction volume, generating approximately $4.5 billion in annual fee income.

TranDotCom realizes most of the successful participants in the industry today are looking for technology solutions to better automate and enhance their operations, both for their customers and their bottom line. The customer in this marketplace is requiring additional contact points, such as Interactive Voice Response systems and websites with E-signature, to make the transactions easier, faster and more confidential. TranDotCom prides itself on keeping up-to-date with the various technologies and how they can be implemented into a merchant's business.