Updated Website Explains Rates and Fees Associated With Quick Cash Loans
Los Angeles, CA -- (SBWIRE) -- 10/10/2012 -- CallCash.com is introducing onto its website a brand-new informative article that explains the costs associated with fast cash advances. The article “Rates & Fees” discusses the interest rates and other standard charges that consumers incur when they take out one of these short-term loans. Readers of the piece can learn how these charges are determined and exactly what to expect when borrowing money.
“Sometimes, people who sign up for a cash advance do so without fully understanding the normal costs that can be attached to it,” says CallCash.com spokesperson Diane Harper. “This can potentially end up being problematic for those who are already facing serious financial issues. To avoid any problems down the road, we want to make sure that prospective borrowers understand where to find information about the rates and fees on any loans they’re considering.”
Cash advances are a fast and easy option for people who need emergency cash. CallCash.com specializes in helping individuals acquire such loans. The company is not a lender, but rather functions as a service that connects potential borrowers to reliable lenders around the nation. People can apply for a loan through the CallCash.com site, and those who have bad credit do not need to worry about having their application rejected, as cash advance lenders do not use consumers’ credit ratings to determine loan eligibility.
The lenders who work with CallCash.com provide consumers with the information they need in order to understand the costs associated with the loans offered to them. Prospective borrowers are able to carefully read through the terms and conditions attached to any loan offer they receive and then decide if they want to accept the loan. The federal Truth in Lending Act ensures that lenders must clearly state the actual interest rates and fees they charge. This prevents lenders from hiding this information in fine print that consumers might overlook. Individuals are advised to be aware that CallCash.com does not have any control over the rates and fees on loans offered by its affiliated lenders.
If a consumer finds a particular lender’s terms acceptable, then all they need to do is sign the loan contract electronically to get their money. The lender will deposit the loan funds into the customer’s checking account within one business day. The customer is then responsible for paying the lender back according to the terms agreed upon. As long as the loan is paid back on time, they do not need to worry about incurring any additional fees. To help make sure this happens, cash advance lenders usually offer a convenient automatic debit option.
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