Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | ![]() CashAdvance.com Unveils Tennessee Consumer Protection WebsiteHelpful Web Page Helps Tennessee Citizens Navigate the Payday Loan Industry
By: Curtis White CashAdvance.com has created the Tennessee Consumer Protection page, and the Consumer Resource Center for every state across the nation, in order to help consumers stay informed, up-to-date, and properly equipped to identify and avoid scams. “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/ The state of Tennessee has recognized the practical necessity of payday loans and has allowed the industry to thrive. However, the state has imposed a number of rules and regulations on the practice of payday lending in order to protect lenders and borrowers. Loan terms cannot exceed 31 days; loan amounts cannot exceed $500; interest rates cannot exceed 15%; and borrowers may only take out three loans at a time. Consumers should be aware that if rates exceed 15% for any reason, the lender is not following state law. It is worth noting that Tennessee, along with California, is the leading provider of payday loans in the nation. CashAdvace.com’ According to leading CashAdvance.com financial news expert Adam Hilliard, "Our Tennessee Consumer Protection page will dispel any misconceptions or uncertainty surrounding the cash advance process in Tennessee, 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
|
|