Signup for the Current Issue:  FDIC crackdown on Payday Lenders
	Lending software that tracks and administers pay day loans while meeting all state and federal regulation requirements. Automatically calculates the APR and provides a printed Truth in Lending Agreement.. To learn more, click here.		Lending software that tracks and administers loans in compliance with state, federal and international regulations allows lenders to improve their loan processing operations and increase profitability.To learn more, click here.
	Comprehensive software solutions that improve the profitability of auto title loans while maintaining APR compliance and providing the flexibility to better track and manage loan payments and processing.To learn more, click here.		BetaCom is the industry's only provider of an integrated payday, auto title and consumer/installment software lending solution with robust features like EFT, Teletrack and accounting modules.

Refund Policy: All sales are final. No refunds or returns allowed.

Payday loans are short term loans which allow borrowers to borrow money for a short time period. Payday loan software
manages these loans and allow the short term lenders to be in compliance with the state regulations of payday loans. BetaCom’s Payday loan software is sold in modules. The basic payday loan module in the payday loan software is a Teletrack connection and a cash drawer. This is in addition to the basic features of recording borrower information employment information and reference information. The enterprise software package includes EFT / ACH as well as an accounting feature and managarial reports that report on all payday loan store activity.

Payday loan software is just one of BetaCom’s product offering. The other products include Auto Title software, and Installment loan software as well as check cashing. The Auto Title loan software or Auto Title software differs from the payday loan software in that an automobile is used for collateral. The Auto title loan is a short term loan that is allowed in some states but not others. The Installment loan software allows the lenders to lend money in installments. Thus the name Installment loan or consumer loan. 

It is recommended that every lender issue all the short term loans according to the loan regulations allowed in his state. Installment loans are not as highly regulated by each state as payday loans. Installment loans or Consumer loans are short term loans that do not require collateral but unlike payday loans are more than one payment. This allows the borrower to spread out his payments on a payment schedule and since the borrower is paying his principal down with each payment, installment loans are not as highly regulated as  other loans. BetaCom offers a fully integrated product that includes payday loan software, auto title software and installment loan software as well as check cashing software all in one package. This allows the lenders to offer as many products as possible in their stores. It can not be stressed enough how important it is to diversify your loan products. If the state clamps down on payday loans then you can still use BetaCom payday advance software to issue installment loans and Auto title loans as long as you have those modules. This will allow the lender to simply switch all the borrowers who have payday loans to either installment loans or consumer loans or auto title loans. This can be accomplished by using BetaCom’s payday loan software / Auto Title software / Installment loan software package. Usually the same payday loan license the lender has can be used to issue installment loans or consumer loans or even auto title loans. If this is not the case then the lender simply applies for a new license to be able to issue auto title loans, installment loans or consumer loans. Then the lender makes sure he has the installment loan software module or the auto title software module and he is ready to keep issuing loans without any regulatory problems.

For more information on Payday Loan Software / Auto Title Software / Installment Loan Software or Check Cashing software please contact us.