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Follow on Google News | CashAdvance.com Launches Consumer Protection Page for Oklahoma ResidentsNew Page Provides Resources to Prospective Cash Advance or Payday Loan Borrowers
By: Jennifer Case “CashAdvance.com strives continually to ensure consumer protection by providing the knowledge and resources necessary for consumers to make informed financial decisions,” says CashAdvance.com spokesperson Hanna Wellman. “The Consumer Resource pages at http://www.cashadvance.com/ Unlike some other states, which have banned the practice outright, the state of Oklahoma allows cash advance businesses to operate within the state. However, under the Oklahoma Deferred Presentment Service Act, the state has imposed regulations on the payday loan industry. This state law has resulted in interest rates on payday loans lower than comparable loans in other states. For example, interest rates on loans below $300 cannot exceed 15%, and interest rates on loans above $300 cannot exceed 10%. Additionally, loans must be repaid within 45 days. Oklahoma state law requires Oklahoma cash advance businesses to meet strict requirements: According to leading CashAdvance.com financial news expert Adam Hilliard, "Our Oklahoma Consumer Protection page will dispel any misconceptions or uncertainty surrounding the cash advance process in Oklahoma, equip you with practical advice for averting financial crisis, answer your myriad loan questions, and ultimately guide you on the road to taking control of your financial future." # # # CashAdvance.com was established in 1997 to offer people a quick, convenient, and secure method to get a cash advance online. End
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