Emergency Payday Advance continually endeavors to make sure that potential loan borrowers possess the knowledge that will allow them to borrow helpful payday loans responsibly and confidently.
(PRWEB) May 26, 2012
Emergency Payday Advance has added to its list of informative online resources by introducing an article entitled “Our Lending Policy.” The company recommends that, before beginning the process of applying for a payday loan through the Emergency Payday Advance site, consumers should read the new material to learn about the rules and regulations that payday advance lenders must follow. It is believed that thorough knowledge of industrywide lending policies will give consumers an edge in the loan borrowing and repayment phases.
“Emergency Payday Advance continually endeavors to make sure that potential loan borrowers possess the knowledge that will allow them to borrow helpful payday loans responsibly and confidently,” says Emergency Payday Advance spokesperson Ken Jackson. “Individuals considering taking out a loan from us can utilize our new material on payday lending policies to gain critical information about the payday lending industry and the laws and guidelines that govern it. This information should be in the hands of anyone who is eager to avail themselves of the quick emergency money that we can help them with.”
Consumers who deny themselves this information may be unaware of their basic rights as cash advance borrowers. For example, knowledge of the Truth in Lending Act will help consumers learn about their right to information. According to this federal law, quick payday advance lenders must present consumers with written documents that reveal any potential fees and other details associated with their contracts. This allows the consumers to assess every aspect of these contracts before signing up for the services. The “Our Lending Policy” piece also provides information on additional regulations, such as the Fair Debt Collection Practices Act and the Dodd-Frank Wall Street Reform Act. The subject of state-specific regulations is also explored.
The new “Our Lending Policy” article represents just a small part of the comprehensive Emergency Payday Advance library of online informational materials primarily aimed at prospective first-time loan borrowers, although long-time customers are able to benefit from the material as well. The site also provides articles dealing with tips and strategies for spending emergency funds, loan repayment, and loan fees and rates. With all this information only a few mouse clicks away, consumers can make well-informed decisions and proceed with a payday loan as a way to escape any financial hardship they may be experiencing in their lives.
After gaining a thorough understanding of the payday lending industry, individuals who are dealing with stressful financial emergencies can find a quick loan through Emergency Payday Advance’s lender network. By accessing the network, they can compare the offers of various loan lenders and then choose the terms that best suit their financial situations. To gain access to the lender network, consumers must meet just a few simple qualifications and then input basic information, such as their contact information, into a brief online loan application that generally only takes a few minutes to complete and then a few more minutes beyond that to be approved.