Archive for July, 2012

Payday Loans, Illegal on the Street, Thrive in New York’s Cyberspace

Tuesday, July 31st, 2012

That was in June of 2010. As is often the case with payday borrowers, Bradleys finances were already fragile. He was focused on the cash he needed then, not the consequences hed face later. He paid off the first loan on July 9 — $390 for a $300 loan — and took out another $350 on July 28 with the same lender. This time PDL seemed to withdraw payments from his account at random, and never enough to pay off the loan. As costs for that loan ballooned, he needed even more money. He took out a third loan in August, which led to two more in September. By December he had taken out a total of 11 loans from 10 different online lenders.

Bradley thought each loan would be straightforward. It was supposed to be a one-shot deal, he says. I got the money in one shot, Im gonna pay it off in one shot. It wasnt supposed to go on month after month. Bradley, who received his paycheck via direct deposit, expected each lender to electronically deduct the full balance of his loan from his checking account two weeks after the loan was made. But by his account, based on a review of his bank records, each lender withdrew less than the full amount of the loan, making successive deductions that were never enough to bring his balances to zero. To Bradley, the withdrawals had no rhyme or reason, and they had the effect of pushing him further into the hole as fees, penalties, and interest piled up.

They were taking just the interest, then they would come back and do the same thing [again], he says. They didnt touch principle.

One by one, as he got behind, the calls started coming in: Hed paid $880 on a $300 loan from AmeriLoan Credit, but the lender said he still owed $550. Hed paid $1,225 on a $500 loan from Advance Me Today, which had PO Box in San Jose, Costa Rica — its Website no longer lists one — but the lender claimed he owed another $550.

By January 2011, US Fast Cash Credit, owned by AMG Services Inc., a corporation chartered by the Miami Tribe of Oklahoma, wanted $250 more after hed already paid $945 on a $400 loan. GECC Loan (also doing business as Cash Direct Express), CCS Loan Disbursement (also doing business as Community Credit Services), Sure Advance Loan, Tior Capital, Loan Shop, and My Cash Now were all calling him at home and at work, though he never reached anyone who could answer questions about his accounts. By February, he had borrowed a total of $4,445 and had paid back $8,240. Altogether, his lenders said still he owed another $4,134.

By the time Bradley sought help to escape his snowballing financial disaster, he had closed his checking account, destroying a 20-year relationship with his bank. I had nothing against the bank, he says. I just wanted to stop these electronic withdrawals that werent going to pay off the loan. And the bank was taking out fees when the loan payments didnt go through.

It was a paralegal at the Neighborhood Economic Development Advocacy Project (NEDAP) in Manhattan, an advocacy group that opposes predatory lending, who finally told Bradley that none of these lenders should have been able to charge Bradley such high rates or touch the money in his bank account. Payday loans are illegal in New York State.

An elusive industry for regulators

According to the Consumer Federation of America, only 18 states ban or strictly regulate payday loans. New Yorks ban is one of the nations toughest. Whether theyre made online or at a strip mall, loans with triple-digit APRs (annual percentage rates) violate the states 1976 usury law, which caps rates at 16 percent. The state lacks the power to regulate commercial banks — such as Bank of America, Chase, and Wells Fargo — who are overseen at the federal level and allowed to charge 29 percent or more on credit cards. But payday lenders are considered non-banks, so licensing and regulation fall to the states. Any non-bank lender who charges more than 16 percent interest in New York is subject to civil prosecution; charging above 25 percent can subject lenders to criminal penalties. First-degree criminal usury is a Class C felony that carries a maximum sentence of 15 years.

In 2004, when Elliot Spitzer, then attorney general, discovered that lenders were circumventing the state law by lending on-line, he sued one of the lenders, Las Vegas-based Cashback Payday Loans, and shut down servers in the state that had been throwing up payday loan Websites, forcing Cashback to pay restitution to customers. In 2009, a year before Bradley got his first Internet payday loan, then-attorney general Andrew Cuomo settled with County Bank of Rehoboth Beach, Delaware, which let Pennsylvania-based Internet payday lenders Telecash and Cashnet use its bank charter to make Internet payday loans in New York. A $5.2 million settlement was distributed to more than 14,000 New Yorkers who had taken out their online loans, with some burned borrowers receiving more than $4,000.

Despite the successive lawsuits, Internet payday loan companies never stopped lending to New Yorkers. Consumer advocates and state regulators alike say that Robert Bradleys experience is hardly unique. The use of the Internet to evade New Yorks strong consumer protections against payday lending and its exorbitantly high interest rates is a serious concern, says Benjamin Lawsky, the states superintendent of financial services. Payday lenders should know that making loans to New Yorkers puts them at risk of prosecution and that they have no legal right to collect on any loans they make here.

Payday loans, whether made by storefronts or on the Internet, are defined by their relatively small dollar amounts and excessive annual percentage rates (APRs), which routinely run to three and four digits. Bradleys first loan, for example, with a $90 fee on a $300 two-week loan, was the equivalent of a 782 APR, according to payday loan interest calculators.

Payday lenders first surfaced at check-cashing stores in the South and Midwest about twenty years ago, and remained regional enterprises throughout the 1990s.
By 2003, there were only about 3,000 payday storefronts in the entire country. Today there are around 20,000.

The number of Internet lenders is smaller, but then again a single Website can reach many more people than a storefront can. In a January 2012 report, San Francisco based JMP Securities analyst Kyle Joseph, an expert on the industry, put the number in the hundreds. Jean Ann Fox, director of consumer protection at the Consumer Federation of America, says estimates range from 150 to 250 Internet payday lenders operating nationwide. Peter Barden, a spokesperson for the Online Lenders Alliance, an Alexandria, Virginia-based trade organization representing Internet lenders, says his organization has over 100 members, and that a reliable industry estimate on the number of lenders is 150.

John Hecht, in a January report for the San Francisco-based investment bank JMP Securities, found that 35 percent of all payday loans were made on the Internet in 2010. Hecht, now an analyst at Little Rock investment bank Stephens Inc., believes market share will likely reach 60 percent by 2016.

Like storefront lenders, online lenders state prominently that they dont check credit scores — part of a strategy to market to those with tarnished credit. PDL Loans, for example, Bradleys first lender, proclaims, Bad or no credit ok ; another of Bradleys lenders, US Fast Cash, says, Even bankruptcy, bounced checks, charge-offs and other credit hassles dont prevent you from getting the cash advance you need!

And lenders typically tout the speed with which loans are closed. AmeriLoan, another of Bradleys lenders, says, Its easy to get the funds you need in seconds ; PDL Loans offers a 3 minute application and instant approval. Virtually all promise to deposit the loan to your checking account by the next business day.

The places where payday loans are banned or tightly regulated — Arizona, Arkansas, Colorado, Connecticut, Georgia, Maine, Maryland, Massachusetts, Montana, New Hampshire, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Vermont, Washington, DC, and West Virginia — are home to some 60 million people who are old enough to get a payday loan, a market that the Internet lenders seem to believe is worth tapping. Advance America, the largest publicly traded payday lender, and Cash America, the second largest, both make payday loans online. While opening a store in a state with a payday ban is too conspicuous to be practical, the Internet is a good place to hide.

Some online lenders take pains to avoid states that have bans or restrictions. Some will deny you a loan because you live in a state with a ban, like New York — then send you to a lead generator [see sidebar] that will identify a lender for you. Others only stop when confronted by regulators. According to one expert on the industry, Lenders like CashNetUSA fought hard to keep states like Arizona, Maryland, and Pennsylvania in the fold — and only backed off when the state attorney generals office went after them.

Yolanda Walker, vice president for corporate communications at Ft. Worth-based Cash America, owner of CashNetUSA, would not address the particulars of the firms battles with state governments, but says customers nationwide should have access to credit options when and where they need them.

If state lawmakers decide to eliminate or restrict access to these credit products, legitimate lenders will exit the state and cease to serve these consumers despite the negative impact on their choices, she adds. In states such as New York, customers who are faced with restricted access to credit options are currently being served by lenders who operate offshore or outside the auspices of state law — a risky move for consumers who deserve the right to do business with reputable lenders.

Questions of legitimacy, however, are at the heart of the matter. These businesses operate illegally and in the shadows, says Doug Pierce, co-founder and head of research at New York-based Digital Due Diligence, a provider of market analysis with a focus on mid-cap Internet firms. While some have off-shore addresses, Pierce says the vast majority are US enterprises. He cites a January 2012 law suit by the Arkansas attorney general against PDL Support, which does business in Arkansas, providing collection services to Bottom Dollar Payday Loans. In the payday lenders reply to the state attorney general, the return address was hand-written as an address in Nevis, Pierce says, but the postmark was in Missouri.

Pierce says online payday lenders almost always use private registration domains for their records on WHOSIS — a system that stores registered users, domain names and IP addresses — to avoid being tracked.

Depending on the search engine, typing in New York payday loan yields an unpredictable variety of hits. Some lenders claim street addresses that are nonexistent, but give the appearance of a physical presence in the state. Delta Payday Loans indicates that it has locations in Poughkeepsie, Hempstead, Mt. Vernon, and Watertown, NY, with customized urls for each city. New York Cash Advance Payday Loans claims a New York City address at 118 Fulton Street, Suite A, which is actually a UPS store in lower Manhattan. (Click the url, however, and you are likely to end up at, the Internet platform for Cash America, the nations second largest publicly traded payday lender.) An employee at the UPS store says that people come in all the time asking for New York Cash Advance, but we dont know where they are, and weve been here since 2004.

One Google search in June for New York payday loans turned up, which openly flouts the states payday lending ban. There are many states in the country that regulate or prohibit payday and cash advance loans, its website states. When you are looking for New York payday loans, you do not need to worry about any of that, however, because there are no laws in place, making them easier to get.

When asked whether online lenders were violating usury laws in states like New York, Barden, of the Online Lenders Association, says, Were not out there giving legal advice. The laws can be murky. Those who operate online will interpret them differently and its not just our industry. There are companies that determine that these laws are applicable to them and dont issue those loans in those states. Then there are companies that determine that these laws are not applicable to them. Barden adds that the OLA is very high on fighting fraud and points out that member firms are required to adhere to a fairly strict code of conduct and a set of best practices.

The web interface — and the loan documents and disclosures a borrower receives — vary widely depending on the lender. A federal regulator, who spoke on background and has reviewed multiple payday loan Websites, describes the process this way: First you enter your bank account information, your Social Security number and your drivers license number. Five or six screens later, you come to a pull-down screen where you punch in the amount of the loan. After you select the amount, you get a loan note and then the loan contract — and then you see the APR and the amount financed. The next day youll likely get an approval email with the loan documents attached. Youre not required to print them, but if you dont save them, the chances are you wont be able to get copies from the lender.

Jean Ann Fox, the consumer advocate, says, Ive often heard from [debt] counselors that consumers dont save or print these forms at the one opportunity they have and then cant get back or retrieve that information.

The disclosures can be difficult to find. At PDL Loans, Bradleys first lender, visitors are met with the slogan Dont Break Your Piggy Bank, Get a Cash Loan as Soon as Today! The disclosures are not available until after you click on Apply Now, which takes you to Piggy Bank Cash Loans; then a Terms and Conditions button takes you to the disclosure screen. At PDL Loans and other sites, you wont get a loan until you surrender the right to sue the lender.

Regulators trying to keep up

As payday lending migrates to the Internet, federal regulators have been slow to play catch up. Between 2000 and 2007, the Federal Trade Commission (FTC) brought only one enforcement action against an Internet payday lender, but the regulator has brought 15 since 2008. In a lawsuit filed in April, the FTC asked a Federal Court in Nevada to halt allegedly illegal business tactics used by 10 separate lenders while the agency pursues its case against them. When I described the details of Robert Bradleys Internet loans to Nikhil Singhvi, an attorney in the FTCs bureau of consumer protection and the lead attorney on the case, he saw parallels with one firm in the FTCs complaint: AMG Services Inc., based in Overland, Kansas, and affiliated with the Miami Tribe of Oklahoma.

AMG had a contract that told consumers that if you paid the amount financed and a one-time finance charge — that would pay off the loan, says Singhvi. What AMG did instead was withdraw only the finance charge and leave the principal unpaid, later claiming those payments taken from the consumer were only finance charges and did not reduce the principle. The consumer then pays many multiples of the borrowed amount and many multiples of the amount that it should have taken to pay off the loan. The consumer would never know, he says, when — or if — the loan would be paid off.

This is exactly what happened to Bradley. For example, one of his lenders, US Fast Cash Credit, withdrew 12 payments for varying amounts over a period of four months. By the time he closed his bank account, he had paid $945 on a $400 loan and still had a $250 balance.

In a new tactic, the FTC claims in this and another recent lawsuit that a demand by Internet lenders that borrowers agree to pre-authorize electronic withdrawals from their account is a violation of the Electronic Funds Transfer Act. Passed in 1978, the act predates the Internet but anticipated e-commerce, as credit cards were then gaining wide acceptance.

That preauthorization, Singhvi says, had the effect of allowing lenders to withdraw from the consumers much more than the consumers thought they had to repay. The FTC cases also allege that conditioning the loan on that authorization is itself a violation of the act. Both suits are still pending, but if the FTC prevails, it could be a blow to the Internet payday industry. Cutting off the payday lenders priority claim on a borrowers bank account, says Fox, the consumer advocate, is a direct assault on the industry business model.

The FTCs April lawsuit included sworn declarations from two New Yorkers. Josephine Bongiovi, a tour guide from Middle Village, Queens, took a $300 loan from One Click Cash and another $300 from US Fast Cash — one of Bradleys lenders — in June 2011. After the lenders withdrew several payments from her bank account, Bongiovi received calls from them at home, on her cell phone, and at work, many times a day, demanding more money, even though her account was current. By July, both lenders had threatened to sue her if she didnt pay her balance immediately.

Bongiovi wrote to both lenders, retracting permission to withdraw funds from her account and asked her bank to bar the lenders from making withdrawals. She opened a new account at another bank, but both lenders managed to make withdrawals from the new account as well. She has made numerous offers to pay off the principal but not the escalating fees, which she believes are illegitimate. Both lenders have refused.

Eric Barboza, also of Middle Village, borrowed $500 from US Fast Cash in October 2011 and after paying $650, thought the loan was paid off. Instead he was met with demands for more money, including finance charges which he believes were not laid out in the original loan agreement. By December 2011 Barboza, who has two small children and a wife with multiple sclerosis, was receiving phone calls threatening him with arrest. He received so many calls at work that he feared his job was in jeopardy. He filed complaints with the Better Business Bureau and the FTC and then finally agreed to pay off the loan by May. According to his calculations, the $500 loan ultimately cost him $1,300.

Both Barboza and Bongiovi asserted in their declarations that their lenders had deducted payments to cover interest while leaving their principal untouched, just like what happened to Bradley.

So far, the states occasional enforcement efforts have had little impact in the ability of online lenders to do business in New York. Neither the states Department of Financial Services nor the Office of the Attorney General would comment on whether they have any enforcement actions in the works. I suspect theyre still unhappy that these guys are still making loans to New Yorkers, says Russ Haven, legislative counsel to the New York Public Interest Group, of the Department of Financial Services. It undermines the value of the state [banking] charter and subverts the regulatory authority of the Department of Financial Services. It creates an unlevel playing field.

But federal action may be in the offing. The spate of recent lawsuits coming out of the FTC may be bolstered by enforcement actions by the new Consumer Financial Protection Bureau, created by the Dodd-Frank financial reform bill of 2010. Richard Cordray, the bureaus newly appointed chief, has promised to give the industry much more attention; he held his first public hearing on payday in January in Alabama and released a manual, Short-Term, Small-Dollar Lending Procedures, to guide bureau examiners, who he said would be visiting banks and payday lenders across the country. Spokesperson Michelle Person declined to comment on any specific enforcement plans.

Robert Bradley was reluctant to speak about his personal finances at first, but did so in the hope of preventing others from ending up in his predicament. I didnt know what a payday loan was when I got into this, he says. Now I know. Theyre like loan sharks. They might as well have been trying to break my knee caps.

This article was reported in partnership with The Investigative Fund at The Nation Institute. Research assistance: Robert Owen Brown.

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Biz Buzz: Valentino’s closing 48th and Van Dorn store

Tuesday, July 31st, 2012

Valentinos is not relocating its to go location at 48th and Van Dorn that is losing its lease due to CVSs plans for expansion.

A sign on the door says it is closing and directs customers to other locations.

The strip mall will be closing for good at the end of this week. CVS plans to tear it down and build a new standalone store.

Valentinos joins the nail salon in closing. Subway and Once Upon a Child are moving across the street to Van Dorn Plaza, Express Payday Advance is moving to 55th and O and See the Trainer is moving to 70th and Van Dorn.

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Some Tips on Payday Loans Online and Cash Advance

Monday, July 30th, 2012

Payday loans online may be a temporarily loan secured from Cash advance pay day loans entities offering such product to ordinarily provide or help the applicant during very urgent times, it is usually granted in small amounts up to $1000 as the case may demand, and the repayment period could not be longer than two months at most in some circumstances.

Los Angeles, CA (PRWEB) July 06, 2012

Payday loans online may be a temporarily loan secured from Cash advance pay day loans entities offering such product to ordinarily provide or help the applicant during very urgent times, it is usually granted in small amounts up to $1000 as the case may demand, and the repayment period could not be longer than two months at most in some circumstances. Check out more from for more details.

To qualify for cash now, consumers will have to show proof of employment in the form of a pay stub, as well as give their phone number and email address. They will also need to provide information on a valid bank account in their own name, since cash loans are deposited directly into the borrowers account. Loans are only provided to US citizens or permanent residents who are at least 18 years of age at the time of the application.

However, many would argue that payday lenders are not much better than loan sharks. The levels of interest on payday loans online can be extremely high and rollover fees for late payments can also be extortionate. Payday lenders have also been accused of preying on those members of society who are most desperate by charging more than people can afford when lending money. Unfortunately, there are extremely high levels of fraud as well as a high percentage of people who default when borrowing payday loans online. This means that higher than average levels of interest need to be charged in order to cover the risk which the lender takes on when lending to people with bad credit.

Most companies which lend such as banks and building societies are highly regulated especially when it comes to the way in which they are permitted to lend money. Payday loan online companies are not stringently regulated and this is mainly due to the fact that they cannot lend large amounts of money. Sadly for those borrowing payday loans online any amount of money borrowed is likely to feel like a lot. In order to pay such high levels of interest on a loan you need to be desperate.

Visitors to the site are urged to browse the wide-ranging selection of posted informational materials before making a payday loan decision. With so many free articles chock-full of helpful financial tips and advice, readers can learn the many benefits of low-cost payday loans, find the best ways to use their loan funds, and discover exactly how cash advance loans work. Both individuals who seek emergency cash and those who simply are looking for some additional information about payday lending can visit the site without assuming any obligation to initiate a loan application.

Please visit us at and get more detailed information.

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Bill would curb oversight of payday loans

Monday, July 30th, 2012

A group of bipartisan lawmakers are pushing a plan to exempt pawnshops, payday lenders, check-cashing stores and installment lenders from oversight by President Obamas new consumer finance watchdog agency, saying the oversight could restrict credit and economic opportunities for lower-income and inner-city customers.

But the Consumer Federation of America and other advocacy groups say the move runs the risk of undercutting a key power of the new Consumer Finance Protection Board (CFPB), while leaving vulnerable borrowers prey to risky, high-interest loans that leave families and small business high, dry and deeper in debt.

The bill, sponsored by Rep. Joe Baca, California Democrat, and lawmakers from more than a dozen states, would establish a new federal charter for non-bank lenders that would not only bypass the CFPB but also effectively block many state-level consumer protection laws.

Mr. Obamas 2010 financial regulatory overhaul gave the new consumer financial agency broad powers to oversee both bank and non-bank lenders. A number of states already regulate quick loans with rules on interest rate caps, loan limitations and disclosure forms.

But Mr. Baca and other bill sponsors say their proposal is meant to establish a vibrant, safe, and commercially viable market for underbanked and unbanked individuals to gain access to financial services and products.

The Federal Deposit Insurance Corporation estimates that more than 60 million low- and moderate-income consumers in America have little or no access to traditional commercial banks. The rates are even higher for blacks, Hispanics and other minority groups.

Prominent consumer rights groups, including the Center for Responsible Lending and the Consumer Federation of America, have come out against the bill. The Office of the Comptroller of the Currency, which would issue the new non-bank charter under Mr. Bacas bill, does not have the same primary mandate to protect consumer interests, they argued.

This shift exposes consumers and the financial services marketplace to the very dangers that contributed to the economic crisis, the letter said. The CFPB was created for the sole purpose of protecting consumers through oversight, rule making and enforcement of the rules for the very consumer financial products marketed and sold by the companies covered in this legislation.

But Mr. Baca denied the effect of his bill would be to undercut consumer protections.

There is absolutely nothing in [the bill] that would give the new charter holder any better status than banks, or in any way limit the CFPBs status as an independent consumer advocate with the ability to enforce consumer protection regulations on financial products and services, he said in a statement.

He said the bill would also provide uniform access to non-bank services for consumers, rather than the current 50-state patchwork of laws that allows some consumers more choices than others.

Ted Saunders, CEO of Community Choice Financial, which operates over 430 check-cashing retail outlets, said the CFPB should be focused on totally unregulated firm, instead of burdening those who already follow the law.

The vast majority of consumers using our products understand them and use them responsibly, Mr. Saunders said. They know that payday loans compare favorably to bank overdrafts, bounced checks, credit card advances and deposit advance programs offered by banks and credit unions.

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Sunday, July 29th, 2012 is supporting small businesses by waiving fees on cash advance applications through the month of August, 2012.

Dallas, TX (PRWEB) July 24, 2012

Merchant cash advances, sources of working capital specifically created for small and medium sized businesses that accept credit card transactions and have a documented track record of credit card receipts, are a quick, easy way to infuse cash into a growing business. With days growing warmer and daylight hours growing longer, the competition for consumer dollars is also increasing, and advances help companies capture summer-evening shoppers.

Doing its part to support local businesses, one of the largest merchant cash advance companies in the world with 24/7 global support for its services and products, is making merchant cash advances even easier to obtain, by extending its spring fee waiver into the summer. Now, there are no fees through the month of June.

The company, which is headquartered in Orange County, California, provides information about merchant cash advances and its other products, as well as a simple-to-complete online application on its website:

Every merchant cash advance provided is tailored to the specific business in need of funding. Once approved, clients have the option of receiving their merchant cash advance on their schedule, so they can expand or develop their businesses at whatever speed is best for them. The company also offers merchant invoice advances, and other cash advance products. has already waived its fees for much of this year, and is happy to extend the offer through August. Interested merchants can apply online for cash advances with no upfront fees, or call 877-871-6097 for more information.

About is the worlds largest merchant cash advance lender.

Company Contact Information

Rebecca Randells

1839 9th St. Dallas, TX


Phone : 877-871-6097

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Online Cash Loans Provider Has Swift Solutions to Money Shortages

Saturday, July 28th, 2012 offers cash loans with incredibly fast payouts. The company shares some budgeting tips for customers looking to make their money go further this month.

NY,NY (PRWEB) July 17, 2012 is providing cash loans to individuals and households across the United States. Following the popularity of the company’s new loan aggregation service and online application, the company has announced some much-needed budget tips for customers who might struggle with financial management.

On the website you can get fast cash loans up to $2,500 with in one hour, with no doc needed and no credit check.

A company spokesperson for QuickLoansBadCredit explained the decision.

“ is committed to helping to increase the lending options of millions of Americans who will not be granted loans through traditional avenues. Because of bad credit, hard times and a lack of financial planning, many of our customers struggle each month. Our short term loans offer a lifeline to many; the service is quick and we arrange repayment amounts that are comfortable and manageable.QuickLoansBadCredit is proud to be able to offer a high approval rate to our online fast cash loans application service. As an extra helping hand for our valued customers, we have prepared an essential guide to budgeting to assist them in winning the battle against financial struggles.”

The budget guide compiled by QuickLoansBadCredit covers the following:

Budget Tip 1: At the start of each month, write down a list of all of the expected outgoings (bills), and all of the expected incomings (wages, payments). Then, subtract the outgoings from the incomings to see where you stand. If you have a minus amount, this is the deficit you need to make up for the month. You can help make the ends meet with a QuickLoanBadCredit cash loan and the money can be in your account within a couple of hours after approval.

Budget Tip 2: There are more ways you can cut down outgoings than you might initially realize – if you have a cable TV package, perhaps consider downgrading to the basic deal for a few months. This can save a few hundred dollars. It might seem drastic, but you can watch many shows on the internet for free, instead of playing top-dollar for high subscription costs.

Budget Tip 3: If you have a car, consider asking neighbors or friends if they want to car pool to drive to work, take the kids to school or do the grocery shopping. Ask them to contribute towards the petrol costs. It will save a couple bucks here and there. Every little helps and what you save elsewhere helps stretch your fast loans even further.

Budget Tip 4: Ensure you have enough cash in your bank account to cover those expenses that go out automatically, such as cell phone bills, car payments and others. Bounced payments mean bank charges. For added convenience, when you complete the application form and are approved for a loan from QuickLoansBadCredit, it will be paid directly into your checking account, by the lender you choose, and can cover those payments.

Budget Tip 5: Remember, that you can use the money from for any purpose you need. The application form is simple, fast and easy to complete. There is no credit check and your details remain completely confidential and secure.

Apply now for instant approval and a virtually guaranteed payout at:

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Friday, July 27th, 2012

Los Angeles, CA — (SBWIRE) — 07/23/2012 — recently posted new information to help those looking for online cash advances. Internet payday advance online services are becoming more and more popular, but people need to understand all the risks before getting too deep into things.

In order to analyze making a budget for any type of family, the first thing a person must do is determine if the cash advance can be paid off. In the new information on the website, the experts go into detail on how to determine if this is indeed the case.

Once a person decides if a cash advance is the right thing to do, they can begin using the connections provided on the website to search through different quotes in their area. Depending on state laws, people can borrow up to $1500 at a time. It is a three-step process to get things going and start receiving quotes based on the bits of information a person provides. This allows the shopper to do analysis on the offers they receive before committing.

To read the entire article and learn all of the tips and tricks to using a cash advance effectively, visit

About is a unique website that both informs and provides users with quotes from lending companies in every area of the United States. The company aims to make users smarter and help avoid any possible setbacks in paying the advance back.

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Cash Advance Online Service Announced as a New Way for Borrowers to …

Thursday, July 26th, 2012 announces its new service as a notable addition to the world of cash advance online.

Atlanta, GA (PRWEB) July 11, 2012, the U.S based lender introduction website, announces its new service and contribution to the cash advance industry.

The company assists those with bad or good credit that need quick solutions and short-term cash by directing their application to a special panel of lenders. The consortium of lenders devotes its energies to assisting borrowers with low credit scores, making it the ideal referral point for customers in those categories.

Through the new system, thousands of customers can find relief to their short-term money worries. Many will receive approvals and a maximum of $1,500 within a one hour timeframe.

It is thought that the company’s service will appeal to individuals in receipt of a regular paycheck that simply need a little extra cash to stretch until next payday. With its online application and bank transfer automatically set up to repay the loan, the company believes that its timesaving and convenience potential will rank it highly with clientele.

A company spokesperson for explained why their new service offers an important level of accessibility to so many Americans.

“It is a huge step ahead for the cash advance online world for to be able to say to customers, “Come to our website to apply for an instant cash advance” and really mean it is instant. We are proud to announce that from landing on our website, to filling of the short form and receiving approval, the cash can hit a customer’s account within 60 minutes.”

He continued, “One hour is less time than it takes to get in your car, drive to the city, find parking, go inside a bank or loans company and fill in a bunch of longwinded forms. Up until now, customers faithfully did that with no guarantee of light at the end of the tunnel and often having their applications bounced. We at have conducted extensive beta testing and have scored exceptionally highly on the approval rate side. This means that there is a very high chance one our lender network members will want to lend that $1,500 to you.”

With the average bank transfer taking 3-4 days with other companies and the median time for loan agreement forms to be countersigned being something like two weeks, became frustrated by the lack of alternative options being made available to U.S individuals who may have poor credit scores, not be eligible for bank loans and not have time to wait for answers.

The spokesperson continued, “The uncertainly and the waiting period after a standard loan application is the real killer for many Americans who have red letters building up; utility bills to pay, cars needing gas and kids needing new shoes. Those bills and expenses do not wait – so why should you? Take the power back from many unsecured loan companies who do not place your needs higher than theirs. We have formulated a real “expressway” to fast loans for customers who really need a little bit of extra money, quickly and with no questions asked.”

“We invite customers to visit and complete the brief loan application form online to get closer to that extra $1,500 with no credit check and no delay.”

To apply go to

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Follow the Privacy Policy and Terms of Use to Avail Fast Cash Loans from …

Wednesday, July 25th, 2012

Dallas, TX — (SBWIRE) — 06/28/2012 — provides the people with genuine and safe payday loans in a convenient manner. Experts say that availing the service of the website is very easy. People have to simply fill an application form by providing some basic information. The data includes complete name, loan amount, email id, state and zip code of the area where the borrower is currently residing. According to the reports, a person has to be of at least eighteen years and a permanent resident of US to avail hassle free payday advance.

According to the reviews, customers must follow the privacy policy to receive same day payday loans from the website with utter convenience. Reports explain that a person has to provide information to the website such as monthly earning status, work experience, active bank account and likewise. The website can provide the customers with offers of interest as per the information given by the customer.

Reviews explain that a person can access, modify or even delete the data being provided by the person. The website is capable of taking all kind of security measures including procedural, electronic and physical steps to protect the data or information provided by the customers for uninterrupted cash advance payday loans. Experts say that people can refer to the website for details regarding terms of use and privacy policy.

Experts say that the website deals only with the legally approved payday lenders that work according to the rules and regulations of the legal payday loan lending laws. The website aims at providing best and authorized payday loan lenders to the customers. Experts say that a person can borrow a pay day loan from $100 to $1000 or more depending upon the requirement. Also the customers are provided with the flexibility to switch over to another payday loan lender if the customer is not satisfied with the previous one. A person looking for a pay day loan does not have to worry about any hidden fee or extra charges while dealing with website.

About provides nominal rate of interest and the fees on fast cash is very low as well. In addition the service rendered is quick and efficient. Customer satisfaction is the ultimate goal of Payday Loan Solutions is an online financial matchmaker, pairing up clients who are short on cash with lenders in their state who can help them get a quick loan to tide them over until the next paycheck arrives. The application process can be completed online and is safe and secure. No credit check is required, and most people get their money very quickly, sometimes within minutes.

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Cash Advance Loans – New Service Helps U.S Customers Get an Instant Loan …

Wednesday, July 25th, 2012 offers a fast, secure and online approach to cash advance and loans of up to $1,500. The new service is characterized by swift approvals and fast payouts.

Atlanta, GA (PRWEB) July 13, 2012 announces the launch of its new instant cash advance loans service.

Although many Americans resort to using their credit cards as a way to make ends meet, this is notoriously expensive and does not represent a cost-effective method of borrowing to many who find themselves in the red. hopes that its new loan introduction service will be a popular and cheaper method for those who need cash for a few extra weeks until their next salary and who do not want to or cannot obtain the funds via their bank or credit card. Customers can visit the company’s website and apply to borrow up to $1,500, repaying the full amount with their next paycheck.

A company spokesperson for made the announcement.

“ introduces a new way to solve those short-term cash problems so many of us have. Our service is cheaper than using a credit card to withdraw cash and much more convenient if you have bills coming out of your checking account, as can pay directly into your bank account.”

When asked to address the challenge that many customers have little patience for completing online forms and worry about internet security, the spokesperson refuted the claim and offered some encouraging reassurance regarding the website.

“Even if you type slowly, it’s pretty impossible to spend more than 10 minutes completing our online application. So, it is the perfect method for those who need to have access to advance cash and also lack patience! Regarding the worries many have about online security, we would like to assure customers that our website has passed all of the major internet security testing systems and is completely safe. Our encryption level is the highest it can be and we treat all information received with the utmost privacy.”

This led the spokesperson to describe the other unexpected benefits that can be enjoyed by those applying for a short term injection of cash through

“Getting cash from a payday loan store doesn’t always pay the money straight into the borrower’s account, but our system does. This is good for people who want to repair their credit score, as banks like to see additional payments going in. Another great bonus about our online application and automated payment and repayment is queuing at the bank to see the teller and no writing checks to be kept until next payday. We can help arrange all aspects from your computer and will make sure the best lenders consider your application.”

He continued, “Cash Advance Payday Loans did the hard work by sourcing a great network of lenders who specialize in getting you a fast, quick solution to that pressing need for extra cash. We invite customers to spend a few short minutes on our website that will be worthwhile. Within 60 minutes of completing the application form and receiving approval, that extra $1,500 could be in your checking account. We ensure that all applicants are treated equally regardless of circumstances and there is no credit check involved”

Apply for a quick and faxless online cash loan at

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