Consumers Can Learn All About Rates and Fees for Cash Loans
Los Angeles, CA -- (SBWIRE) -- 10/09/2012 -- Money Loans announces the rollout of a brand-new, informative article that helps consumers understand cash advance costs. The free article, which is entitled “Rates and Fees” and can be found the company’s website, goes into detail about the standard interest rates and fees that cash loan lenders charge. Money Loans strongly believes that people who read through the article will have a better understanding of the costs associated with a cash advance before they begin applying for this type of fast emergency loan.
“Our company knows that people who are in a hurry to get cash for an emergency don’t always have time to read through all of the fine print,” says Money Loans spokesperson Bernard Williams. “We’re determined to help consumers realize exactly what costs will be involved when they take out a cash loan. Information on interest rates and fees can be a bit complicated sometimes, so with our new article, we have decided to break it down into terms that are easy for consumers to understand. This should help them make a decision regarding whether or not a cash advance is the answer for them.”
Money Loans has helped many people acquire fast cash advances to use in dealing with financial emergencies. These short-term loans are very easy to apply for and get approved for, and they come with competitive interest rates and fees. Money Loans is not a lender, but the company provides consumers with direct links to reliable lenders across the nation. Consumers are advised to keep in mind that the lenders are always the ones who set loan rates and fees.
The company makes it easy for prospective borrowers to compare loans from different lenders to see who offers the best rates and fees. People who use the Money Loans site will discover that there is no cost to apply for a loan there. Also, consumers are not required to submit their credit score at any time during the loan process. This means that even people with bad credit have a good chance of being approved for loans.
It is generally considered to be very important for potential borrowers to know what the terms and conditions are for any loan they’re applying for. The federal Truth in Lending Act has made it much easier for people to understand the rates and fees that lenders charge. Per this law, lenders must provide all loan terms upfront in writing. If consumers do not like the terms they see, they do not have to complete the loan process, as they are never under any obligation to accept an offer. Instead, they can choose to look for another lender who offers terms that they find more acceptable.
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