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Follow on Google News | CashAdvance.com Rolls Out New Vermont Consumer Protection WebsiteUseful Internet Resource Helps Vermont Citizens Navigate the Payday Loan Industry
By: Branford Lyles CashAdvance.com has created the Vermont Consumer Protection page, located in the State Consumer Resource center of the site, which details everything a borrower would need to know about the cash advance industry in each state. Each page is dedicated to helping 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 Vermont has effectively banned payday lending by introducing laws that severely cap interest rates and restrict payday lenders from operating within the state. Consumers, by and large, cannot obtain a Vermont cash advance. However, there is still recourse available to consumers looking for quick, emergency cash. Banks in Vermont can offer “small loans.” These small loans are taken out in amounts similar to payday loans, but they are offered through banks rather than payday lending companies, and their interest rates are capped at 18%. Alternately, residents of Vermont can obtain cash advances at businesses that are headquartered outside of the state via online services. CashAdvace.com’ According to leading CashAdvance.com financial news expert Adam Hilliard, "Our Vermont Consumer Protection page will dispel any misconceptions or uncertainty surrounding the cash advance process in Vermont, 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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