This year, the General Assembly in Tennessee decided to pass new legislature that will allow state residents to take out payday loans for up to $500.00 from a single lender. In the past, residents were not able to take out that much money.
Now, with the new law, residents have increased loan limits and lenders in the state can charge $75 in fees for such loans. Many people in the state report that they are happy to hear about the limit increase as payday loans are genuine lifesavers during tough economic times.
In the past, residents were only allowed to take out a payday loan in the amount of $200 or less from a single lender and lenders were allowed to charge $30 in fees. The new law increases both the limits and fees that can be charged and while these increases are welcomes by many, experts encourage consumers to remain responsible.
Are you in need of money in-between paychecks? If so, apply online now for your payday loan. Once approved, the money you need will be deposited into your bank account within 24 hours time.
News sources are buzzing across the nation now that banks have decided to extend payday loans to consumers. However, even though these loans are similar to payday loans, banks are marketing them under a different name - direct deposit loans. Banks say that their loans are intended for emergencies only and allow their customers to borrow up to a certain amount against their paychecks for a fee.
Even though these loans are being marketed as "different", the purpose remains the same. Consumers can take out cash loans when they are short on money and in return, they must pay back what they owe plus a fee as determined by the lender.
However, one major disadvantage is that consumers will have to visit the bank to take out a direct deposit loan. With other lenders, like ConnectedCommunities, consumers can take out payday loans by simply filling out an online application. This means they don't have to leave their homes and can get the money they need within 24 hours. For many, this process is far more convenient and quick.
In the United States, there is a war going on that revolves around "payday loans". It appears banks and large financial institutions are at-odds with consumer advocate groups. Lenders want to keep offering payday loans, but under the guise of "direct deposit advances", to people who need them most, whereas consumer advocate groups feel these loans lead to individuals incurring excessive debt.
Similar to payday loans, direct deposit loans will provide consumers with emergency cash when they need it. Usually, people will seek these loans in-between paychecks when money is known to get tight. The day people get paid after taking out loans, banks will take what they are owed plus fees out of their bank accounts.
However, despite the seamlessness of the transactions, consumer advocate groups say these new cash loans present credit risks to consumers, especially those who get subsequent loans. They are lobbying for OCC restrictions, but banks say such regulations are not necessary as they are providing a service that many Americans need to survive financial hardships in today's tough economy.
Are you in need of a payday loan because you are facing a financial challenge? If so, avoid waiting in line at the bank and apply for your payday loan online now and get the cash you need within 24 hours.
There are numerous benefits when you choose to work with ConnectedCommunities as your cash advance provider. While you have many cash advance lenders to choose from, you will find that our company is a leading choice because we are fast, convenient, and secure.
Fast Applications: Unlike other lenders where you have to submit paper applications and go through a rigorous screening process, ConnectedCommunities allows you to fill out your application online. Once you've submitted your application and have met our basic eligibility requirements, you will find out if you are approved within moments.
Secure: We do not share your data with third parties and your information is kept confidential. Additionally, we do not conduct credit checks or delve deeply into your personal finances.
Many Options: Whether you need a cash advance or are in the market for a payday loan, we have you covered as we have a variety of cash loan services for our customers to choose from.
If you are ready to move forward with applying for your cash advance, take the time to complete our online application today!
No matter how well you plan, emergencies and unexpected expenses can arise. Sometimes they occur after you have paid all of your bills, or after you have depleted your bank account. The truth is, bad things can happen to good people, whether it was good timing or not.
People have always been told to save for a rainy day, but when that day comes, they aren't always prepared. So, what kinds of expenses usually turn up unexpectedly? They can range from last minute trips to the doctor, emergency dental work, car repairs, or even a broken pair of glasses.
Sometimes people need a cash loan, or a cash advance to cover these last minute expenses. Other times people need a paycheck advance for something not so last minute. Even everyday expenses can turn into emergencies under certain circumstances. For example, some people need to get a payday loan in order to pay their rent - while others need the money to pay for groceries or to stop a utility company from shutting off the water or electricity.
Thankfully, when people are in need of getting cash fast, they can apply for a same day loan online. The application is quick and they can get an answer in a matter of minutes. This way they can get the cash they need in usually 24 hours.
If you have an emergency that you need to pay for, or an everyday expense - don't hesitate to fill out an online payday loan application today!
A common question people have when they are considering payday loans is "will I get approved?"
While approval is granted on a case-by-case basis, people should know that ConnectedCommunities has a 95% approval rate for all payday loans. Unlike traditional lenders, we are prepared to present our customers with cash loan solutions that are not only efficient, but quick and easy.
At ConnectedCommunities, we ask that customers complete an online application to initiate the payday loan process. Our application is simple, to-the-point, and can be completed on the internet. In order to obtain loans from our company, people must be 18 years of age or older, have a bank account, and a job. If you meet these requirements, you will generally be approved for a payday loan with our company.
Once you are approved for your payday loan, we'll do everything possible to ensure that the money you need is deposited directly into your bank account within 24 hours. It really is that easy and fast!
To learn if you qualify for a payday loan, take the time to complete our online application and find out if you're approved within seconds.
Are you currently running behind on your bills due to financial hardships? If so, you may find that you are accumulating excessive late fees and interest. For example, if you fail to pay your credit card bill on time, you will not only have to pay interest on your unpaid balance, but also a late fee. Some credit card companies may even increase your annual interest rate because you were delinquent with your payment. In the end, this could cost you a ton of money!
If you're late on a utility bill, not only will the company charge you a late fee, they may also disconnect your electric or gas and then charge you yet another fee to restore your service. The same holds true when you default on a cell phone bill.
In order to avoid such excessive fees, it is a good idea to pay your bills on time, but if you're short on cash, you may want to consider applying for a payday loan - a short-term loan that can be deposited into your bank account within a day's time. Payday loans can be true life savers and offer financial relief when you need it most.
People who are facing financial constraints may find themselves asking when is it appropriate to seek assistance via a payday loan, which is a short-term cash loan that can be deposited into peoples' bank accounts within 24 hours time.
Most people aren't aware of the fast that millions of people throughout the country turn to payday loans when they are in need of emergency funds because these types of loans are not only infamously fact, but also convenient. Often times, people decide to apply for a payday loan when they are short on rent, need to pay a utility bill immediately, or run into an unexpected expense such as a car repair.
There are numerous reasons why people choose to obtain payday loans, but normally, people apply for these loans when they are a little short on cash and need to make it to their next paychecks. Therefore, if you find yourself short on money, think about applying for a payday loan so you have the funds you need immediately.
If you have tried to get a short-term cash loan before, you probably ran into serious difficulty. Getting a loan these days can be hard! That is why payday loans have become so popular recently. Since you can use your next paycheck to get the money you need in as little as 24 hours, just about anyone can benefit from a payday loan.
Since you are essentially using your own money, just sooner than you would normally get it, most payday loan providers won't even run a credit check. As long as you can show that you have steady income and a valid bank account, you will be automatically approved for a loan.
Payday loans are ideal for those who have a regular source of income, such as a full-time job. This allows you to accept a loan comfortably and pay it back in full, usually within a period of 30 days.
Need a payday loan to make it till your next paycheck? Complete our online application and get the funds you need so you're wallet isn't empty.
Some counties in California have already banned the practice of payday loans, and San Mateo County could soon join them.
According to Rose Jacobs Gibson, a San Mateo County supervisor, payday loans affect those who are already strapped for cash, making their financial circumstances more difficult. Gibson states that, "It doesn't do us much good if we don't have somewhere else for people to turn. Those who use them are needing immediate cash and we can't leave them with no option at all."
Although no definite plans have been made regarding an alternative, Gibson and others have discussed the possibility of legal aid for those who are suffering financially. In the meantime, Gibson is publicly opposing a current state bill that could increase the limit that payday loans lenders could provide in the future.
If you're in need of a payday loan, now is the time to look into the services offered by ConnectedCommunities. With our services, you simply fill out an application over the computer and learn if you are approved within seconds!
If you have been wondering how to get payday loans, there are three simple steps you need to know about.
First, you need to pick the lender you want to use. You ask them for a form, which can usually be found online. It will usually be a simple form that will ask you to verify that you have a bank account and are 18 years of age or older.
When you have completed this step, you will automatically be approved. At that point, you will be told how much money you can borrow and for how long. Should you accept this amount, it will then be transferred into your account.
The final step is repaying your loan. You can also make your payments online and check to see how much more you still owe on your loan.
Ready to apply for your payday loan? ConnectedCommunities makes it easy with ourbasic online application. Get started today and have the money you need within 24 hours!
Opponents of payday lending state that the problem with paycheck advances, cash advances, and other similar short term loans is that they are dangerous in the hands of some irresponsible businesses. As predatory lending practices are uncovered by lenders intent on taking advantage of uninformed loan applicants, additional regulations are being called for to help protect consumers.
As with any loan or line of credit, it is important to be fully informed about the loan you are taking out, as well as understanding the consequences of not paying on time in order to avoid unnecessary fees. At ConnectedCommunities our lenders will communicate with you to ensure you understand the terms of your online payday loan.
When you need a cash advance to help you through an emergency situation, use our online payday loan application to find out if you are approved within just a few minutes!
When you find yourself needing a little extra cash, you can rely on payday loans to get the money you need in as little as one day.
What is a payday loan? It is a simple idea that helps thousands of Americans every day. You essentially borrow from yourself in the future, using your next paycheck to get money today. When you get your next paycheck, you will then be asked to be the loan in full, plus any administrative fees that will be explained before you get a loan.
In most cases, you can get payday loans without a credit check. Since you know that you will be getting a paycheck the following week, you do not have to worry about your credit score when applying. You may even be given somewhat flexible terms to pay back your payday loan.
In need of quick cash? Get the money you need by completing our online payday loan application now.
One of the greatest advantages of having the internet in your own home is that you can answer nearly any question, at any time of day, on just about any topic.
If you have questions about loans like many people do these days, you can use the internet as an invaluable resource. You can find multiple websites discussing the benefits of cash loans, as well as how to obtain one and whether or not you are eligible. While many cash loan providers do have storefronts, many of them have made the leap to online loans as well, making it easier for the average person to search for a loan online.
In most cases, the same process that you would go through in person to get a loan can happen online as well, with the right cash loan provider.
If you're in need of a cash loan, take the time to fill out our online application and get the money you need from the privacy of your own home today.
Are you contemplating a short-term loan but are worried it will place you even deeper into debt?
In short, the answer is no, as long as you are responsible with your finances. Payday loans are a viable way to get short-term loans, but you must be aware that you are using your future paychecks as collateral to get money now. If you are prepared to take out a payday loan, you must first check with the lending requirements of your state. In most cases, you will need to prove that you are at least 18 years of age, with a steady job, and an open bank account.
Since payday loans depend only on your future paychecks, your credit history is not a deciding factor. Even if you have filed for bankruptcy before, you can still qualify for a payday loan in your state.
To get a payday loan immediately, take the time to fill out our online payday loan application and find out if you're approved within moments.
Members of the Texas House are working on a new bill that would directly affect the payday loans industry.
This new bill, sponsored by state Rep. Vicki Truitt, R-Keller, is designed to curtail the efforts of the short-term credit industry. Many have come to disparage the industry, saying that it preys on those with poor financial histories, often putting them into more debt than they can handle. To counteract this, the bill would require lending agencies to provide more information to their customers about fees and interest rates associated with payday loans. The bill would also force these agencies to inform customers about other methods of credit.
Rep. Gary Elkins, R-Houston, said that the bill would put an undue burden on smaller credit-extending agencies. Elkins himself owns a payday loan business in the state of Texas.
In need of a payday loan? Apply online to get the funds you need from the convenience of your own home.
Do you need some extra cash but aren't sure where to turn? Payday loans are a fantastic way for you to get short-term loans without having to apply at the bank.
If you were to apply for a short-term loan at a bank, you would likely be turned down. That is because banks not only don't like to give short-term loans, but they may also reject you due to poor financial history. A payday loans company does not look at your financial history, but rather your employment history. You will use your future paychecks to get the money you need, essentially using your own money, just a week or two earlier than you would normally get it.
Applying for payday loans is usually fast and easy, with many companies allowing you to complete the application process online. You will usually be approved within 24 hours, and you can pick up your cash from a location close to your home.
Apply for your payday loan now!
Good news for those with financial problems in New York: check-cashing centers may soon be allowed to provide short-term payday loans as well.
If the banking committees in the Senate and Assembly push through a new bill, these centers will be able to help those who would not be able to use banks to secure loans. The bill would give check-cashers a profit for each payday loan issued; the interest rates would vary but could reach around 25 percent.
Critics of the bill state that this would cause more problems in the long-run. Although there are currently 15 senators who are in support of the bill, it seems that nobody other than the check-cashing industry is actually in favor of it. One group, New Yorkers for Responsible Lending, has already taken a serious stand against the bill. Despite the stance, the need for short term loans is evident.
Get the money you need today by applying for a payday loan online!
Rather than go through a big-name financial institutions for a payday loan, there are now several private companies that offer the same services. Since they are smaller, the loans themselves and the loan periods are smaller as well. In most cases, the borrower will be given one month to repay the loan.
The idea behind payday loans is that you are able to use your future earnings, from your paycheck, before the check is actually written by your employer. If you have a financial emergency, payday loans are a great way to help you out in a bind. However, you must be aware that the loan is usually due the next month, meaning you will not be able to use your paycheck that following week, as it will be owed to the payday loans company.
In need of a payday loan? With ConnectedCommunities, getting the money you need is quick and easy! Simplyfill out our online application and get the money you need within 24 hours.
If a new proposal makes its way through the state Assembly in California, the cap on payday loans could increase.
That is great news for people who need payday loans. When you use a payday loan, you are borrowing against your future paycheck; basically, you are using your own money, just ahead of time. However, you must pay interest on the amount that you borrow, sometimes as much as 460 percent annually, which can leave you in even more debt if you are not careful.
The current cap in California is $300; Assemblyman Charles Calderon has proposed to raise it to $500 this year. Tom White, Whittier's chief of staff, added that: "People don't have access to money often any other way than a product like this [...] they either can't qualify for a credit card or banks don't lend this amount of money generally."
There are three common myths about payday loans that must be debunked.
First, lenders often charge astronomical rates in order to make big profits. The truth is, when you compare payday lenders to other lending institutions, you will find that the profit margins don't compare. In fact, payday loans can be expensive to provide.
All payday lenders are dishonest about their fees, and even try to hide them. Since all lending institutions must abide by the Truth in Lending Act, they are obligated by law to tell you about all fees. If a payday lender does not provide this service, walk away from their loan immediately.
And finally, the lending industry loves to prey on those individuals who are up to their nose in debt. In this day and age, anyone can obtain a payday loan, no matter what your financial status is. Since banks have been unable to provide short-term loans to many people who need them, payday loan providers have stepped up to fill the void.
If you are in need of a payday loan to get you through a financial emergency, get the funds you need by completing our online application!
One of the biggest concerns that some people have when applying for a payday loan is if their credit will be negatively affected by applying for a paycheck advance.
The quick and simple answer is no! Your credit will not be affected by applying for an online payday loan through ConnectedCommunities. Our lenders do not perform a credit check when determining if an applicant is eligible for any kind of cash advance. This means that even if you have bed credit, no credit or even fantastic credit, your application will not be affected by your credit, and neither will your credit be affected by applying.
The only situation in which your credit could be harmed by a payday loan is if you are late or negligent in paying back the loan. Falling into a situation where you can't keep your agreement with the lender is the worst way to negatively affect your credit. By staying on top of your payments however, you can help ensure your credit is not negatively affected in any way.
If you are in need of a fast and easy cash advance, get started today with our online payday loan application!
More and more people are opting to use payday loans because they are fast and easy to obtain. There are countless reasons why people need these loans, but no matter what your reason is, it can be possible to get the money you need today.
In many cases, a person will have an emergency financial situation arise that requires them to pay a sum of money they do not have. If you are in danger of falling behind on bills, getting a payday loan is an ideal way to stay on track. That way, you can avoid overdraft fees, bounced check fees, defaults and late payments. Since it is more difficult now to get short-term loans at a bank, payday loans have become the default method of getting cash fast when you need it. It is so simple to apply, you can even do it from the comfort of your own home.
If you're in need of a payday loan, get the money you need within 24 hours by filling our out online application.
If you are experiencing financial difficulties, then you may already have though about payday loans as an option. These days, you can apply for a payday loan online and receive an approval within a few hours. When a financial emergency arises - such as a repair bill, personal crisis or medical bill - you can use these loans to get back on your feet.
Once you are approved, you usually receive your payment within one business day. The process is fast and easy, and your personal information will be kept private with your lender. Accepting a payday loan is a serious consideration, which is why you should understand all of your options, what will be required of you, and what a certain company will ask of you when you apply for one.
Depending on what state you live in, the laws might vary slightly about payday loans. If you have any questions about your loan, don't hesitate to ask the customer service representative.
In need of a payday loan? Fill out our online application to get started.
If you have ever had to pay an unexpected medical bill or fallen short on your rent for the month, you may understand why payday loans are so valuable to consumers throughout the country. When people are struggling to make ends meet, they can count on payday loans to get them through their financial hardships and this can alleviate a great deal of stress.
If you're currently stuck in a tough financial bind, know that ConnectedCommunities has a variety of short-term loans for you to choose from including cash loans, same day loans, and cash advances. Unlike other lenders, we will not check your credit score, which means that you can successfully obtain a loan with our company even If your credit is less than perfect.
Are you currently facing financial hardships, unemployed, or just trying to make ends meet till your next paycheck? If so, get the cash you need within 24 hours by filling out ouronline cash loan application! Our process is quick, easy, and will enable you to get the funds you need with minimal hassles.
There is an array of benefits when it comes to receiving a short term loan or payday loan through ConnectedCommunities:
1. Our lenders are able to get you the resources you need to get by. Whether you have just been in a recent car accident or you have found a sudden illness to be much more costly than you expected, a cash advance will be there to get you through this time.
2. The loan will remain 100% confidential, and 95% of applicants are immediately accepted for a cash advance.
3. You will have your funds within 24 hours of filling out and being approved through the online application.
4. The application process is quick, easy, and painless. After a few minutes, the application will be done and you will be hearing back from ConnectedCommunities within minutes if you have been approved.
5. Applying for a short term loan shouldn't affect your credit score. You can even apply with poor credit to get a quick cash advance at ConnectedCommunities because there is no extensive credit check required.
Unfortunately, if a payday loan is not paid back in a timely manner, or not paid back at all, there is always a chance of accruing interest or taxes on your short term loan, so be sure to pay it back with your next paycheck.
If you are interested in a ConnectedCommunities short term loan, apply online today!
Before applying for a ConnectedCommunities quick and easy cash advance, there are a few things a borrower should be aware of:
1. Make a plan to repay your payday loan to the lender as soon as possible.
2. Keep in mind, this is a short term loan, so you will be expected to repay the loan in a short amount of time. The typical window of time allowed to a borrower is until their next paycheck, when the borrower automatically takes the next paycheck as a form of repayment.
3. While it should not matter how you use the payday cash advance, most people will use it to pay a bill or an unexpected expense that has popped up.
4. Contact your lender to be sure you are aware of their repayment methods and to make sure you meet all of the requirements and deadlines.
Short term loans are meant to pull people out of a slump and get them back on their feet for the time being.
If you are interested in borrowing from a ConnectedCommunities lender, do not hesitate to apply online today!
In Jefferson City, it has been reported that supporters of a payday loan bill argue that it brings new protections to consumers, but critics challenge that the bill is a false reform. In fact, critics say that the new bill helps the payday loan industry instead of consumers.
Yet, despite the opposition, the new bill won approval during a House committee meeting this week.
The new measure will limit loan amounts and will also require a one-day waiting period between cash loans from the same lending source. It was approved by the House Financial Institutions Committee with a 13-3 vote and will also place stricter controls upon lenders.
Reports indicate that the new bill will lower the annual maximum interest lenders can charge in the city from 1,920 to 1,564.
If you are in need of a cash loan, such as a payday loan, know that you can obtain the money you need within the convenience of your own home with ConnectedCommunities. Simply take the time to complete our online application and find out if you're approved within seconds.
Have you recently been bombarded with a bill or other expense you just can't seem to pay? Were you recently in an accident and needed costly treatment? Is your next paycheck just too far away to make end's meet this week?
If you answered yes to any of these questions, chances are you may need a payday loan cash advance as soon as possible.
Cash advances are safe alternatives to credit cards and long term loans. Credit cards, if not paid off properly or used with poor judgment could rack up debt on your behalf. Long term loans require long contracts and too many obligations.
Applying for a quick cash loan is simple. The application is 100% online and 95% of applicants are immediately accepted.
So why wait any longer? If you find yourself down in the dumps and in need of a serious pick-me-upper, a payday loan could be exactly what you're looking for.
Apply online for a quick, easy, and secure ConnectedCommunities loan today, and get back on your feet!
At one time or another, many people find that they are in need of money to pay for day-to-day expenses such as groceries or even rent. However, there are times when people fall short on cash and are in need of money quickly. In these instances, people may find that payday loans can provide them with cash instantly when they need it most.
Unlike other types of loans, payday loans do not impose restrictions on how the money is used. This means that people who obtain payday loans can use the money to pay for their medical bills, college tuition, utility bills, or other such expenses.
Additionally, unlike other types of loans, payday loans can be obtained within 24 hours time. All people have to do is fill out a simple online application and they can obtain the short-term finances they need without having to go through a credit check or having to leave their own homes.
If you are in need of a short-term loan, a payday loan may be the ideal option for you. To get started, fill out your online application today!
A payday loan or cash advance, as some people may know, is a type of short term loan that can be made available to qualified borrowers who are in need of a little extra cash.
Whether you are looking to pay your electric bill on time this month, or find yourself needing to pay for a prescription to be filled at your local pharmacy, sometimes waiting for your next paycheck just won't cut it.
Cash advances are made available for people from all walks of life. The only requirements to apply for a ConnectedCommunities short term loan include:
Applicant must be at least 18 years of age
Reside in the United States
Must have a steady income
Must have an active bank account
The application process is quick, easy, and painless! It is completely online and an instant approval is granted to 95% of applicants. With no faxing and no credit checks required, you may be on your way to getting out of that sticky situation sooner than you think!
Apply online today to see if you qualify for a quick ConnectedCommunities cash advance!
In the state of Mississippi, it has been reported that Governor Haley Barbour recently passed legislative changes that will impact the way payday lending companies operate while giving these types of companies at least three more years to conduct business in the state.
The latest bill was signed on Thursday and replaces a law that would have expired in 2012. Now, payday lenders do not have to shut down operations in Mississippi and this type of lending will be allowed to continue within the state.
Senator Walter Michael said, "This time, it was the will of the Legislature that the consumers get reduced fees." He also commented, "The bill that was passed will enable about 3,000 jobs to remain intact."
With the new law, consumers will have up to 30 days to repay the loans and fees are capped at $20 for every $100 borrowed up to $250. The state's lawmakers said that by extending the time to repay loans, consumers will incur reduced annual percentage rate fees.
Looking to obtain a payday loan? Apply online and get the money you need now!
Texas is one of six states that do not regulate payday loans. This means that the lender's fee for the loan is not considered interest according to Texas state law. As with some payday loans, the lender will allow the borrower to extend their payment period if need be. This comes with a catch, though.
This allows the lenders to rack up high annual percentage rates until the loan is paid off in full. Texas lenders have mentioned that they continuously have to extend their borrower's what-was-supposed-to-be short term loan.
The Senate Committee on Business and Commerce have already met to decide whether to pass a bill to regulate payday loans and interest in Texas. The bill was sent back and is currently being reworked by state Sen. Wendy Davis, a Democrat from Fort Worth, Texas.
Payday loans can be a confusing subject, especially if you are in a hurry to get cash now. The application process is simple, and you could have the money you need within 24 hours.
Check the local requirements for the state you reside in and apply online today!
At ConnectedCommunities, we offer all types of cash loans including payday loans, same day loans, and cash advances. With our services, people can take out short-term loans within the convenience of their own homes by filling out our easy, hassle free online application.
Unlike traditional lending companies, people who are approved for our cash loans do not have to deal with credit checks and will have access to the money they need within 24 hours. Additionally, people who apply will know if they are approved or denied within a matter of minutes.
Once people have received their loans, they can repay what they owe plus interest over time. Usually, people try to repay their cash loans with a week to a month.
If you are currently in need of a cash loan, consider the services offered by ConnectedCommunities. We take pride in the fact that our loans are convenient, private, and easy to obtain. Apply online now to get the money you need fast!
The Associated Press recently reported that lenders of payday loans will not face a new cap on interest rates in the city of Frankfurt, Kentucky.
It has been reported that a proposal that would have placed a cap on interest rates at 36% failed to pass. The vote was 10 - 13 in the House Banking and Insurance Committee.
For a long time, consumer groups were hoping to add the state of Kentucky to a growing list of states in the country that have set limits on interest rates for payday loans.
Following the vote, Democratic State Representative Darryl Owens said that he would not try to pass legislation in this year's legislative session. If the outcome of the vote had turned out differently Kentucky would have joined the District of Columbia and 17 other states that have are ready to established caps on interest rates.
Are you in need of a payday loan? If so, apply online to get the money you need until your next payday.
In Seattle, Washington, it has been reported that a woman from King County has decided to take her issues against a payday loan company to court. She claims that, at one point, the company charged her 1,052% interest on her loan. She also asserts that due to the laws that were passed in the state last year, the company violated interest rate caps.
In her lawsuit, the plaintiff says Cash 1 and Retail America tried to maneuver around laws by selling supermarket gift cards. The company then told consumers to use the gift cards as prepaid debit cards. She says that instead of selling gift cards, the company was actually selling payday loans and charging excessive interest.
According to the woman, she purchased an $850 gift card and has paid back $600. However, the company told her she still owes them $600 in principal and $1,520 in interest and fees. That means on an $850 loan, she winded up with a $2,700 bill.
A non-profit in the area has decided to help the woman with her case.
If you're looking to obtain a payday loan at a reasonable rate, apply online now to get the money you need within 24 hours time.
In Des Moines, it has been reported that several consumer advocate groups decided to rally to urge state legislators to put a cap on interest added to payday loans.
The people involved in the rally urged congress to cap the interest rate at 36%. At this time, 36% is the maximum interest rate that lenders, banks and credit unions are allowed to charge consumers who obtain payday loans.
In the area, several consumers say that they count on payday loans to make ends meet, especially during tough economic times. They said that payday loans allow them to get the cash they need quickly and as long as they are responsible with the loans, they are able to avoid financial hardships.
One local payday loan store manager said, "On the short term we really do help a lot of people out."
Do you need a payday loan to make ends meet until your next paycheck? If so, apply online now to get the money you need fast.
If you are embarrassed about your current financial situation or want to keep your financial information private, you will be happy to know that when you apply for a cash loan, payday loan or cash advance with ConnectedCommunities, all of your information is kept confidential.
We believe that your cash loan is confidential and will treat your personal information with respect. This means that when you apply for a short term loan with our company, all of your personal information, loan amount and loan terms will remain private.
With ConnectedCommunities, you will have the peace of mind you need to move forward with your cash loan while knowing your financial information is safe, secure and 100% confidential.
In need of emergency cash? Apply online now for your cash loan today! With our system, it only takes minutes to apply and if you are approved your funds will be deposited into your bank account within 24 hours.
In the U.S., payday loans are regulated and completely legal in 37 states. However, these short term loans are also illegal in 13 states. Whether payday loans are legal or illegal will depend upon the laws of the given state as these laws are regulated on a state-by-state basis.
At this time, payday loans are legal in: Arizona, Arkansas, Colorado, Connecticut, Georgia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Vermont and West Virginia.
In the states where payday loans are legal and regulated, the interest rates are generally capped at a specific Annual Percentage Rate (APR). Caps are put in place to prevent predatory lending practices and to protect consumers from financial hardships.
Are you in need of emergency cash? Do you want to make a last minute purchase or pay off a bill as soon as possible? If so, a payday loan may be the ideal solution for you. Apply online now and get approved within minutes!
Many people find that they are in need of emergency cash, but they are hesitant to apply for a payday loan, same day loan or cash loan because they are worried that filling out an application will hurt their credit.
When you apply for a cash loan with ConnectedCommunities, it is important to know that filling out our online application will not harm your credit rating. This is due to the fact that we do not require a credit check when reviewing a cash loan application. So, whether you have good credit or bad credit, it does not matter when you work with ConnectedCommunities.
The only time applying for a cash loan will harm your credit is if you are approved for a loan and faile to make loan. In this situation, delinquent payments may be reported and lead to your credit score decreasing. However, if you are responsible with your payments, your credit score will not be impacted.
If you are ready to get funds quickly, apply for your cash loan now!
If you are falling short on money for whatever reason and your payment is due to your lender, the very best thing you can do is contact your lender immediately. Instead of avoiding the problem and hoping it will resolve itself you should try to be proactive and speak with your lender about your payment options.
Anytime you miss a payment to your lender it can be reported on your credit report. This can lead to the lowering of your credit score which is something you want to avoid. Also, your lender may charge you a missed payment fee or increase your interest rate if you fail to pay on time.
However, when you contact your lender to discuss your finanical situation, they may be willing to help you. This will enable you to avoid fees and other financial hardships.
Are you needing emergency funds? If so, consider applying for a short term loan, such as a payday loan and get the money you need in 24 hours.
In Charleston, local news sources have reported that State Attorney General Darrell McGraw has filed another lawsuit against a local payday loan lender.
At this time, McGraw's office is looking to obtain $3.9 million in penalties from Government Employees Credit Center Inc. and the Dollar Financial Group. The Office alleges that both organizations are guilty of collecting on illegal payday loans in contempt of a court order.
Recently, McGraw's Office had sued GECC in Delaware after the company was issued a federal court order to stop collecting on loans. Despite the court order, it is said that the company continued to make collections and violated the court's wishes.
Furthermore, in his lawsuits, McGraw says that the companies do not have licenses to conduct business in West Virginia. Today, McGraw's Office has sued 14 internet payday lenders.
If you would like to receive a short-term loan until your next paycheck, apply for a payday loan now!
Many state legislators are trying hard to eliminate cash advance stores and payday loan lenders. However, even though they may eliminate the lenders offering these types of loans, they will not be able to eliminate people's need for short-term loans anytime soon.
In today's grueling economy where job loss is at an all time high, more and more consumers are in need of payday loans, cash loans and cash advances to make ends meet. Without short-term loans, many people would not have the money they need to pay for rent or even their groceries when times get tough.
Another problem is that few states have taken measures to pass legislation that would annual interest rates at 36% APR and that has forced many payday loan lending companies to shut their doors. This means that less options are available to consumers who are in dire need of emergency cash.
If you are in need of emergency funds for whatever reason, apply online for your cash loan now!
There are several myths surrounding cash loans and payday loans.
One of the most common is that payday loan lenders add debt to those individuals who are ready have a substantial amount of debt on their shoulders. However, most payday lenders target people who are in need of relatively small amounts of fast cash until their next scheduled payday. Lenders target people who are employed and who have the finances to repay loans.
The second myth is that the only people who apply for cash loans are those who have low income. Yet, the reality is that people of all income levels need emergency funds at some time or another. Most people opt to apply for payday loans because they need cash quickly and do not want any hassles.
Are you in need of emergency cash? Apply online today for your hassle-free cash advance, same day loan or payday loan.
While there are many pros to applying for a payday loan, there are several cons that people should consider before they decide to fill out an application.
The first con is that payday loans can carry a very high interest rate. This means that if people do not repay their payday loans within a certain amount of time interest will be applied to their total balances and they will be responsible for paying off the interest amount. However, if people are responsible when applying for payday loans and repay what they owe in a short amount of time, the interest is not as bad.
The second con is that people may get into the habit of applying for payday loans because they are quick and do not require a credit check. In order to avoid this trap, people should treat a payday loan like a very expensive credit card. This means being responsible with purchases as well as repaying the debt that is owed on-time.
If you are ready to get emergency cash now, apply for your payday loan today!
There are several advantages to securing payday loan. Below, we have listed out a few of these advantages for those who may be considering applying for a payday loan.
One of the premier advantages of applying for a payday loan is that the majority of cash loan companies do not perform a credit check. This means that people who have a less than attractive credit score may still be approved for their loans without bias.
The second big advantage of payday loans is that they are available rather quickly. Generally, the funds are deposited into people's bank accounts within 24 hours or less. In some cases, people may even be able to get their money within an hour.
Finally, a payday loan is a great choice because it is offered in a small increment and can be paid off rather quickly if people are consistent.
In the past, when people wanted to take out a payday loan or a paycheck advance, they had to go to a cash advance store to get the money they needed. This was not always ideal as people had to wait in line, fill out paperwork and then wait to see if they got approved for their loans. It also offered zero confidentiality and even made some people feel embarrassed about their financial situations.
Now, getting payday loans and paycheck advances is much easier because most companies are moving their operations online. This means that instead of having to go in person to apply for cash loans, people can safely, securely, and privately apply for cash loans in the convenience of their own homes. Instead of waiting at stores, people can complete their applications over the Internet in just 60 seconds and know if they are approved within minutes.
Another convenience of online cash loans is that if people are approved, the funds are deposited into their bank accounts and they do not have to worry about picking up and cashing checks.
If you are in need of emergency cash, take the time to complete our online payday loan application and get the money you need today!
In the state of Iowa, a bank was recently told by federal regulators that it could no longer make short-term payday loans or tax refund loans to its customers who have prepaid debit cards. The regulators said that issuing such loans to these types of customers violates the federal unfair or deceptive practice laws.
MetaBank was contacted by the Office of Thrift Supervision, the federal government's bank regulator, and told to stop offering such lines of credit through its iAdvance program immediately. The program offered short-term, high interest loans to customers who had prepaid debit cards. Aside from offering payday loans, the program was also used by customers to borrow money against their anticipated tax refunds.
If you are in need of immediate cash, apply for a payday loan online with ConnectedCommunities! We offer payday loans with zero credit checks and you can get the money your need within 24 hours.
Whenever people are thinking about obtaining a cash loan, same day loan or a payday loan, they should know that taking out short term loans takes planning and careful consideration. Before you decide to apply for a cash loan, know that you will be responsible for paying back the loan along with any accumulated interest. Therefore, the sooner you pay back your loan, the better as you will avoid additional interest.
Also, if you are thinking about applying for a short term loan, know that making consistent payments toward the balance will help you build your credit and avoid damage to your credit report. Whenever you apply for a job, an apartment or a bank loan, your credit report will be pulled, so it is important that you take care of your financial responsibilities.
Ready to move forward with applying for a cash loan so you can get quick cash? If so, apply for you cash loan now!
There are numerous benefits to applying for and obtaining payday loans. However, many would agree that the top three benefits of payday loans are:
Need a payday loan? Fill out our online payday loan application and get the money you need fast.
In the state of Montana, having a cap on payday loans and cash loans is something that people within the legislature are striving for at this time. Politicians are doing what they can to create new measurements that would place caps on the payday loan industry in the state and signatures are being collected in every city so that a recent measure, I-164, can be put on the next election ballot.
News sources report that to date, over 27,000 voter signatures have been collected by state politicians.
If I-164 is implemented, the interest rates on payday loans in the state will be cut to 36%, which is comparable to what credit card companies are charging their customers. The supporters of the measure believe that slashing the interest rate will strengthen the economy, but many remain skeptical.
Are you looking for a payday loan? If so, ConnectedCommunities is a great resource. Getting started is simple - just fill out our online cash loan application!
Yes, it is true that for many of us, paychecks have a set delivery date. Still, whether you are getting paid weekly or bi-weekly, there is always the chance that you may encounter a sudden, unexpected financial emergency. For example, imagine that you are involved in an accident and need immediate car repairs before your next scheduled pay date.
Instead of getting stressed out and wondering what your options may be, know that ConnectedCommunities can help. Our company offers payday loans when you need immediate cash the most. Whether you were involved in an accident, are behind on your rent or need to pay for a medical expense, you will appreciate the convenience and accessibility of our payday loans.
If you are ready to get emergency cash fast, ConnectedCommunities is your leading resource. Start the process now by taking the time to apply for your payday loan and get the cash you need within 24 hours!
Many people are aware of the fact that traditional methods of borrowing money have changed over the years. In the past, if someone needed emergency cash, they would have to seek help from their friends or family. In some cases, people would go to banks and financial institutions to get the quick cash they needed and would agree to pay interest on top of their loan short term loan amount.
Unfortunately, as the economy has declined, people have found it increasingly difficult to obtain short term loans from their local banks. Not to mention, the process of obtaining funds from a bank is quite complicated as people must fill out lengthy applications, go through credit screening and even find co-signers.
Now, all of that has changed as people who need emergency cash can take out cash loans, same day loans or payday loans. These short term loans are great for sudden expenses and are quite easy to obtain.
If you are currently faced with a financial emergency and need funds as soon as possible, know that millions of people have taken out cash loans to make it till their next paychecks. Apply now to get your cash loan!
This month, the Montana Supreme Court has ruled that a proposal to cap interest rates charged on payday loans and title loans will remain on the scheduled November ballot.
Recently, the Supreme Court turned down a request from the Montana Consumer Finance Association and the treasure of the group who are opposing to strike Initiative 164 from the state ballot. If the ballot is approved by voters throughout Montana, Initiative 164 would cap interest rates charged by lenders at 36%.
With a 4 - 2 vote, the court decided it was appropriate to allow the initiative to appear on the ballot, but made slight revisions to the for-and-against statements and the statement of purpose on the ballot.
Justice Brian Morris wrote, "The attorney general acted within his considerable discretion in drafting the ballot statements and fiscal statements for I-164."
If you are in need of a payday loan, do not hesitate to complete our online application to get the money you need until your next payday.
In the state of West Virginia, Attorney General Darrell McGraw announced that eight companies would be sued for offering Internet payday loans that were considered illegal. McGraw is demanding that the companies stop all lending at this time.
A lawsuit that has been filed in Kanawha County Circuit Court also asked the judge to order the companies to give up records of their accounts in the state of West Virginia. At this time, Attorney McGraw said that all of the companies have refused to cooperate with his investigation.
Usually, payday loans are made for 14 days with interest. In West Virginia, the law prohibits any interest rates that exceed 18% on consumer loans. McGraw says that the individuals and companies that are being targeted are located in Arizona, Delaware, Florida, South Dakota and California. Since 2005, he has settled lawsuits with 107 payday lenders who were engaged in illegal practices.
In order to avoid illegal lending and scams, it is advised that consumers work with a trusted company such as ConnectedCommunities. If you are in need of a payday loan, apply online today to get the emergency funds you need to your next payday.
If you are in need of a same day loan, payday loan or a quick cash loan, ConnectedCommunities is committed to providing you with the financial solutions you need. There are numerous benefits to choosing our company when obtaining a short-term loan.
First, our loan application process and our approval process is very easy and customer oriented. Whether you are in need of a loan within 24 hours or have bad credit, you will find that our process is expedient and hassle free.
Second, you do not have to appear in person to obtain the funds you need. You can complete an online application to request funds in the privacy and safety of your own home within minutes.
Finally, all of the information that you provide to us will remain safe and secure. You can rest assured that your confidentiality will not be violated.
If you're ready to get your short-term loan, take the time to complete our quick online application and get the money you need today.
According to Consumer Focus, the number of people that have taken out payday loans has quadrupled since 1996. The financial watchdog finds this information to be very interesting due to the interest rate on these types of loans.
Now, the organization is asking the industry to introduce safeguards which may protect borrowers.
''Payday loans are a valid form of credit," said Sarah Brooks, head of financial services at Consumer Focus. She went on to say, "But we do think there needs to be a limit on the number of loans people take out and how many loans they are able to roll over."
According to the group, their research shows that 1.2 million people are taking out at least one payday loan every year. The group reiterates that for many people, payday loans are a quick and efficient way to obtain much-needed funding and if paid back immediately, Consumer Focus says that this type of lending may be cheaper than paying an overdraft fee or even interest on a credit card.
In need of a payday loan? Get the money you need by completing our online application today!
One of the most commonly questions people have when they are about to apply for payday loans is "Can I get a loan if I have bad credit?" If this is one of your primary concerns, know that even if you have less than ideal credit, you may still get approved for your payday loan.
When people apply for loans with traditional lenders, like banks, the lenders will pull their credit scores. If they have less than perfect credit, chances are that they will not get approved for their loans.
However, when people apply for payday loans with ConnectedCommunities, our network of trusted lenders does not pull credit scores, which means that people can still get approved if they have poor credit. Additionally, if people can prove that they have stable income and are employed, they improve their chances of getting approved for payday loans.
If you're ready to apply, fill out our payday loan application now.
In the state of Arizona, Advance America had announced that it would be closing down 47 loan centers. It also said that it may lay off as many as 100 employees because it cannot afford to operate under the new Arizona laws.
On June 30, legislature expired that allowed loan centers to determine their own interest rates on payday loans. Unless centers were willing to reduce their interest rates to 36% or less, they would risk going out of business.
According to Advance America's spokesman, Jamie Fulmer, the company cannot afford to operate under the new legislature. He said, "This is a tough time to be losing your job [and] the government took a hand in losing your job." When asked about payday loans, he told reporters these loans are, "the simplest, most transparent, most fully disclosed product in the marketplace."
Payday loans are small, 14 day cash loans that incur interest over time. In order to apply for loans, borrowers must meet certain eligibility accounts and prove that they have steady fixed income.
Get the money you need quickly by applying for a payday loan online!
If you are looking for a cash loan, such as a payday loan or a same day loan, ConnectedCommunities is an excellent choice. We make it easy for people to get the cash the need as quickly as possible.
With ConnectedCommunities, all people have to do to get cash quickly is fill out a simple application. This application can be completed online using our completely secure system. Once applications are submitted, people can relax as we handle the rest.
ConnectedCommunities uses a network of lenders that are trusted to find the best financial institution to lend our customers the money they need. With our process, customers get the funds the need as quickly as possible.
If you are in need of immediate financial help, know that 95% of our applicants get approved for loans. Do not wait to apply online for your cash loan! Our application is easy and quick to complete.