We at EmergencyCashAdvance.com know that a thorough understanding of payday lending policies is vital for consumers to be able to develop into informed, conscientious loan borrowers.
(PRWEB) May 25, 2012
EmergencyCashAdvance.com visitors can now make use of the website's free “Lending Policy” resource, which aims to help consumers learn the ins and outs of payday lending policies and how to be responsible users of payday loans. The site advises all consumers interested in diving into the loan application process to first know their rights as borrowers by understanding the important rules and regulations associated with the payday lending industry and loan lenders’ contracts.
“We at EmergencyCashAdvance.com know that a thorough understanding of payday lending policies is vital for consumers to be able to develop into informed, conscientious loan borrowers,” says EmergencyCashAdvance.com spokesperson Greg Thomas. “With our new, informative lending policy article, individuals who are considering borrowing a loan from us for fast financial assistance can gain a comprehensive knowledge of the legal framework that dictates the practices of the loan lenders with whom we work, as well as lenders throughout the cash advance lending industry. Once they have this crucial knowledge in hand, they can commence loan borrowing with the confidence that comes with such knowledge and responsibly take advantage of the help that we are able to provide to people in need.”
The “Lending Policy” piece presents information on policies such as the Fair Debt Collection Practices Act, which protects consumers by placing certain restrictions on debt collectors during the process of repaying an emergency cash advance. For example, loan lenders cannot use violent threats or false claims to hassle the consumer into repaying. Other policies covered by the resource include state-specific policies, the Dodd-Frank Wall Street Reform Act and the Truth in Lending Act. Consumers are advised to learn the facts about these various policies so they can observe the ways in which loan lenders whom they might be dealing with abide by these policies. Knowledge of the policies will also allow consumers to, if necessary, report the unfair dealings of lenders to entities such as the Federal Trade Commission and the Consumer Financial Protection Bureau.
EmergencyCashAdvance.com helps consumers find licensed cash advance lenders via an extensive network of contacts. These lenders then provide funds that can help people escape unexpected financial challenges, such as costly hospital bills or expensive vehicle damage. Applying for access to EmergencyCashAdvance.com’s network of trusted lenders is as easy as providing basic information such as a zip code, Social Security number and contact information.
In addition to providing customers nationwide with helpful emergency cash advances, the site does everything it can to arm people with sufficient knowledge to successfully navigate the world of payday lending. Keeping in line with this goal of consumer education, visitors to EmergencyCashAdvance.com will find, in addition to the “Lending Policy” material, articles that cover such topics as strategies for handling payday loans, how to effectively browse through the service’s vast lender network, and loan rates and fees. All the offered information is free and designed to make the loan borrowing process go as smoothly as possible from start to finish.