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Follow on Google News | CashAdvance.com Launches Vermont Loan Process PageOnline Resource Provides Options for Vermont Consumers and Potential Borrowers
By: Curtis White “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 Loan Process pages at http://www.cashadvance.com/ Currently, payday loans are unavailable in Vermont. The state imposed huge usury caps on the industry in an effort to protect residents, which had the effect of forcing the closure of the industry. Consumers are no longer given the ability to decide if cash advance services could benefit their household finances. It is possible that Vermont may seek to reinstate its payday loan structure in the near future. But until new laws are enacted, residents can turn to CashAdvance.com’ • Overdraft Protection – An optional free service provided by banks. • Credit Cards or Bank Loans – This is only a realistic option for people with good credit and some form of collateral. It usually takes about three weeks to get a credit card or bank loan. • Title Loan – Uses the value of a vehicle as collateral to secure a short-term loan. However, title loans can be risky because, the borrower’s vehicle can be legally repossessed if the loan is not repaid. • Employer Paycheck Advance – Employees can ask their employer for a paycheck advance, assuming the employer has policies in place to accommodate. • Contact Creditors - Borrowers may be eligible for reduced payments or bill extensions. • Pawnshop – A last resort, because pawnshops typically pay only 10% of an item’s value. According to leading CashAdvance.com financial news expert Adam Hilliard, "Our Vermont Loan Process 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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