Follow on Google News News By Tag * Cash Advance * Cashadvance.com * Cash Advance Loans * Payday Loans * Payday Loan * Cash Advance Online * More Tags... Industry News News By Location Country(s) Industry News
Follow on Google News | Paycheck Cash Advance Laws Protect Oklahoma Borrowers from High Interest Rates and FeesCashAdvance.com Advises Oklahoma Consumers to be Familiar with the Laws Surrounding Paycheck Cash Advances
By: Adam Hilliard The Cash Advance Network is the only cash advance site providing valuable information on payday loans, encouraging consumers to know the rules and regulations in their state. A paycheck cash advance (http://www.cashadvance.com) In the state of Oklahoma, the maximum limit that a borrower can request is $500, and different rates are given based on the terms of the loan agreement. However, lenders cannot charge more than20% of the loan amount in fees, and fees cannot total more than $340 on any loan. Loans are granted for 30 days, and if the borrower cannot pay back the loan within this time frame, a new agreement will be written. Borrowers are also unable to take out any new cash advances during this time. Although the state of Oklahoma has caps set on interest rates and fees, these extra costs can add up quickly, causing the borrower to owe a significant amount of money. Fortunately, strict rules and regulations prevent this from happening. CashAdvance.com advises consumers to read the written agreement in its entirety in order to understand the terms of the loan. A paycheck cash advance is often the best way to handle emergency situations that couldn’t otherwise be handled. While there are many advantages surrounding payday loans, consumers are urged to be smart about their decisions in order to avoid further financial struggles that prevent them from acquiring another loan. # # # CashAdvance.com was established in 1997 to offer people a quick, convenient, and secure method to get a cash advance online. End
Account Email Address Disclaimer Report Abuse
|
|