USACashAdvance.com firmly believes that in order for prospective payday loan borrowers to be able to make smart, informed financial decisions about their future, they need to have all pertinent information on hand.
(PRWEB) May 23, 2012
In hopes of keeping consumers well-informed and knowledgeable about the payday lending industry, USACashAdvance.com has expanded its online educational content to include a new “Lending Policy” article. The site is recommending that all consumers interested in possibly acquiring a quick cash advance utilize the new resource and get to know the various payday lending policies, which maintain order and fairness within the industry. USACashAdvance.com works with an extensive network of payday loan lenders who are held to these policies and disburse loans in accordance with them.
“USACashAdvance.com firmly believes that in order for prospective payday loan borrowers to be able to make smart, informed financial decisions about their future, they need to have all pertinent information on hand,” says USACashAdvance.com spokesperson Doug Jones. “Our new article on lending policies provides consumers with the essential details about the rules and regulations that govern the payday lending industry. In addition to communicating important facts, the piece should work to appease any concerns that potential borrowers might have about the industry as well as clearly demonstrate that it is highly ordered and regulated tightly.”
The “Lending Policy” material covers all of the relevant policies regarding the cash advance business. For example, the Dodd-Frank Wall Street Reform Act requires lenders to follow the standards of “fair, equitable, and nondiscriminatory access to credit for consumers.” On the other hand, the Truth in Lending Act demands that loan lenders reveal the details of their contracts before offering cash advance loans to consumers. The article also offers information on other policies such as specific state regulations. Many of these laws are enforced by entities such as the Consumer Financial Protection Bureau and the Federal Trade Commission, so the article also explains how to report lenders who step outside of the established rules. This information is invaluable to consumers who plan to engage the services of loan lenders in the USACashAdvance.com network.
The article on lending policies is only one of the many informative pieces offered by USACashAdvance.com. Other articles cover such topics as misconceptions surrounding cash advances, useful tips for handling the loans, the loan repayment process, and loan rates and fees. All of the articles are available to site visitors absolutely free of charge.
USACashAdvance.com helps consumers who are experiencing financial turbulence find the right payday loans for their specific needs. The site serves as a connecting point between consumers and the payday loan lenders that it works with. The lenders offer quick loans ranging from $100 to $1,500 to qualified applicants. Completing an application to take advantage of the site’s loan lender network is a straightforward process, even for those who are new to the lending process. USACashAdvance.com advises potential borrowers to explore its site to collect as much useful information as possible before proceeding with its simple online loan application.