Nu-Day Financial, Nu-Day Cash

Onerous interest rates for folks who can least afford them.

  • Stage Product In Development
  • Industry Financial Services
  • Location Provo, Utah, USA
  • Currency USD
  • Founded 2018
  • Employees 0
  • Incorporation Type Not Incorporated
  • Website http://Not yet

Company Summary

The plan is to raise and examine the allocation of equity funds for the development of an online payday loan business. Nu-Day Cash, LLC ("the Company") intends to provide short term loans that will have a receding interest rate (starting at 250% per year and declining to 36% per anum). This will assist individuals with reducing the ongoing cycle of renewing payday loans. All lending will occur via the Company's to-be-developed online platform.

Team

  • Founder

    The Founder of the Company, David Shumway, is extremely knowledgeable, qualified, experienced and he is committed to building the Company to its full potential. Mr. Shumway has a full understanding of the complex legal, accounting, and marketing issues that the business will face on a day to day basis

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