Below are the 5 most recent journal entries recorded in paydayloan's InsaneJournal:

Thursday, September 30th, 2010
11:52 am	Leaking Roof? Plug It With Ace America Cash Advance! Are you in dire need of some funds to ensure that your life insurance policy does not lapse? Is there an unexpected medical emergency payment due immediately? ace America cash advance seeks to address such problems by offering quick, efficient and convenient loans that are best suited to your specifications and requirements. When the next paycheck comes in, the loan can be reimbursed. So it is a hassle-free and timely solution to temporary headaches. Purpose Of Ace America Cash Advance All urgent expenditures can be addressed with these loans. Car repairs, house repairs, tuition fees, medical expenses, insurance charges and the like qualify as critical requirements. While the funds may be utilized in any fashion, they are not meant to feed whims and fancies. Basic Qualifications While lenders stipulate their own terms of faxless instant payday loan, by and large, you have to fulfill some criteria: * Have to be over 18 years old. * Be an American citizen or at least be a permanent resident. * Must own an active bank account that is over three months old. * Should be employed in a stable job. * Must earn at least $1000. Advantages o An instant no fax payday loan ensures you have your money the very same day – within 24 hours of application. Processing is very efficient. o The approval does not require faxing across of documents, over and above the basic essentials, and a check stub. So any financial lapses in the past do not have any bearing on the approval of these faxless payday loans. o These loans are universally accessible. You can apply online at any time. o There is no fear of word getting around that you have borrowed money. Privacy is assured with secure online gateways; client confidentiality is ensured. Precautions • The fees are, on an average, around $15 for every $100 borrowed. It may vary from 15-30 % for a fortnightly loan. • Also, an ace America cash advance is intended to be a Short Term Cash Advance. It is possible to negotiate a long term cash advance with some select lenders who offer the same. However ideally, paying off the loan within the period contracted would be the most practical alternative. Judicious use of ace America cash advance can help you tide over unexpected troubled times. A little bit of economy and discipline will go a long way in realizing financial well-being. All this can be done without tarnishing your existing credit history. (Comment on this)
10:51 am	Laws Protecting Against Harassment From Payday Loan Collection Companies Payday loans are very useful in times when there is a requirement for instant and emergency cash, but these loans are not without their share of drawbacks. While high interest rates is one con of instant cash loans, harassment from payday loan collections agencies is another trouble, which is faced by most borrowers who fail to repay on the designated date. Payday loans are to be paid back on the day you get your next salary. Therefore, lenders will almost always ask for a post dated check. In case the check bounces and the borrower is unable to pay, the lender tends to turn to a payday loan collection agency, which aims at pursuing the borrower to make sure that he or she knows the lender wants their money. It is a widely known fact that payday loan collections companies tend to transcend the boundaries of decency and respect, and representatives are known to stoop to threatening borrowers. This is where you can turn to debt collector laws for help. There are laws that govern these collection agencies. Violations are taken very seriously and dealt with the utmost strictness. Laws And Regulations Which Protect Borrowers For borrowers who feel they are being harassed by payday loan collections companies, there are certain laws that offer protection. • Under the Fair Debt Collection Practices Act, collectors of payday cash loans are not allowed to threaten borrowers with any criminal charges. The reason? These loans are civil debts and cannot be prosecuted under any criminal law enforcement. • The law says that payday collectors can only make phone contact with borrowers between 8am and 9pm. For any phone call that comes before or after the designated time, you can report the caller. Also, the call cannot be made on holidays and when the loan center is closed. • In case the borrower is looking to file for bankruptcy and has hired a lawyer and the proceedings have started, the collection agency has to stop trying to make contact with the debtor. • The law clearly states that the confidentiality of the debtor is to be maintained at all times. The agency’s representatives cannot contact the borrower’s employer, relative or anyone else not involved with the loan. • As per the Federal Truth in Lending Act, collection agencies cannot ever threaten to attempt to charge any extra or additional fees that go beyond the fees previously outlined in the original loan agreement. Why You Need To Fight Back Collection agencies are hired by payday loan lenders to ensure that the loan is paid back. While this is not a bad thing in itself, the way these agencies deal with the borrowers sometimes goes beyond the realm of decency and civility. This needs to be stopped and why you need to fight back if you are ever harassed by any such company. The best way to deal with a payday loan collections agency is to equip yourself with all the knowledge of the laws that protect you so that no one is ever able to threaten or scare you unnecessarily. (Comment on this)
Friday, September 17th, 2010
11:08 am	Online Payday Loans – Instant Approval For Urgent Money! The recent recession brought with it bad times for people, with reduced access to funds and more stringent credit regulations. In such a scenario online payday loans instant approval schemes proved to be a boon. The idea is to, basically, offer finance to people in urgent need of credit. On the next payday, the amount is to be refunded. Where To Apply? You can Get a Payday Loan online or through retail outlets – in stores across the country, by filling out a simple application form and submitting it. Turnaround Time These instant no fax payday loans enable you to borrow funds in record times – within a day, and without even the trouble of excessive paperwork as proof of eligibility. Minimum Eligibility Norms * You must be at least 18 years old. * You should be an American citizen. * Your current paycheck should be at least $1000 per month. * You must own an active bank account that is over three months old. * You must have worked in your organization for about 6 months. Other Terms • As per State Law (in most of the states), as much as $1500 can be loaned to customers. On an average $100-500 is applied for, and approved. • Any past default will not affect the outcome of Online Payday Loans Instant Approval loan applications because no credit check is done. • Complete confidentiality is maintained since no one needs to stand as guarantor or answer for your solvency. • You can use the instant faxless payday loan money for any purpose. The lender does not b>stipulate terms of end use of loan. Though, it would be prudent to use the funds for emergency payments that cannot be deferred. • Once approved a direct credit is made by wire transfer to your checking account. Fees On an average a 15 percent charge is levied on online payday loans instant approval advance money over a two week period. Some lenders are open to extensions or roll-overs. They charge an additional fee for this. Since there are many lenders available, the rates can work to your advantage but only as long as you keep the term of credit short, as was originally intended. In these online payday loans instant approval, there is a huge benefit because they cater to those people who cannot easily access funds either because of a bad credit history or inadequate collateral. Both these factors are non-issues in online payday cash advances as only the bare essential documents are requested. (Comment on this)
Saturday, August 28th, 2010
11:13 am	Payday Loan Laws In California The state of California has passed certain payday loan laws in order to protect the rights and interests of consumers. People who borrow short-term cash advances often end up getting into a serious debt trap. Though these loan programs look like an easy option as almost anyone can qualify for it (even with bad credit) and get instant cash, yet these financing options can be very risky and expensive because of the high costs involved with them. You are strongly recommended not to go for these seemingly lucrative but risky programs. If you are residing in California and have already become a victim of these loans, knowledge about the state laws will definitely show you some effective ways on how to get out of the debt problem. If you find that your lender is involved in certain practices that are against the state laws, you can file a complaint against them. Following are some of the important aspects of the laws applicable in the state of California regarding payday lending. Licensing Requirements California payday loan laws have made it legally mandatory for all payday lenders to obtain license and get registered with the state. A lender who is not duly licensed cannot sue you for the payments. Therefore, if you are getting collection calls from a lending company, you must try to find out if they are registered with your state. If not, you may have an opportunity to wipe out your debts without making the payments. You can file your complaint with your state regulatory authorities or with the Federal Trade Commission. Maximum Loan Amount And Number Of Loans At A Time As per the payday loan laws applicable in California, a lender cannot offer more than $300 as part of these loan programs. Besides that, no borrowers can have more than one loan at a time. It means if a short-term cash advance is already outstanding in your name, you cannot qualify for another such program until you pay off all your existing dues. If a lender still convinces you to sign up for another program, it will be considered as illegal. Repayment Period And Automatic Rollover The state laws in California have also imposed certain restrictions on the repayment period. The loan term cannot be longer than 31 days. If the borrower fails to clear the debt before this deadline, the loan should not get automatically renewed. It means no additional fee can be charged by the lenders for any extension either in the form of interest or any other cost. The state payday loan laws do not make it mandatory for the lender to provide installment facilities to the borrower, but considering the very fact that lenders are not allowed to charge you additionally for extensions in due date, you are likely to be provided an easy repayment plan in small monthly installments if you request for the same. Rate And Fees Though there are certain restrictions on the maximum rate and fees also, the costs are still very high. For every loan of $100 for a period of 14 days, the lenders are allowed to charge a maximum interest of $17.65, which is equivalent to an APR of 459%. Rules For Collections If the lender sends the loan account for collection, the borrower may be charged an additional NSF fee of up to $15. However, no criminal lawsuits can be filed against the debtor. Still, in case, the lender believes that the debtor is engaged in some fraudulent activities, they can file a civil lawsuit. If you have complaints against some specific lenders, the payday loan laws in California allow you to file your complaint at the California Department of Corporations. You can either call them at (866) 275-2677 or make a personal visit to their office at Financial Services Division, 1515 K Street, Suite 200 Sacramento CA 95814.For more information payday loan law. (Comment on this)
Thursday, July 17th, 2008
4:30 pm	Easy Payday Loans – Your Instant Cash Solution If you are one of those who feel a cash crunch in the middle of the month, then easy payday loans are just the solution for you. A payday loan also known as cash advance commonly is a short term loan payable in around two weeks’ time. A person a can take anywhere from $100 to $1000 as a loan. This easy cash advance comes at a heavy interest, of about $15 for every $100 borrowed. Check payday loan calculator for the rates. Despite this factor these loans are highly popular and a wide choice as an instant cash solution. Their popularity can also be attributed to the fact that they are very simple to apply for. No lengthy forms, no long verification processes. A lot of finance solutions companies sanction them online just by confirming a few basic personal and employment details about you. For more information visit cash advance services. (Comment on this)