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Posts Tagged ‘payday loan’

Cash Advance Application Denied

So, your application for a cash advance was denied? There’s no need to get stressed out. You can still apply with an online lender.

Often times, stores like CheckintoCash or CashnGo cannot approve as many applications as an internet-based lender. This is because a multiple lender service (like MoneyNowUSA) works with literally hundreds of different lenders to qualify nearly everyone that applies. That way, lenders compete for your loan and you get the most cash at the lowest rate available! So, why bother going into a personal loan store when you can apply from the comfort and privacy of your own home.

Also, it’s a good idea to get a copy of your credit report and make sure there aren’t any mistakes. You can get a free credit report from Annualcreditreport.com

Apply Online Today for Your Cash Advance

Lately, there’s been a lot of information swarming around about payday loan laws. It seems like just about every other day, some state makes new payday loan laws or outlaws them all together. A friend of mine called and asked me if he could get a payday loan in Oregon. He’d heard various rumors about the regulation there and what it meant to consumers.

To answer the question- Yes, you can legally get a payday advance in Oregon. In fact, there isn’t a current limit on the amount of money you’re allowed to borrow. Generally speaking, most lenders will grant you a loan from $50- $1,000. Lenders are allowed to charge a one-time origination fee not to exceed 10% of the loan amount or $30.  Also, be aware that the minimum loan term is 31 days.

Payday Loan Laws in Oregon

Nowadays, scams are just about everywhere you look- especially on the internet.  As a consumer, it’s important to be aware of the differences between a reputable company and a rip-off.

A legitimate online cash advance lender will have valid security certificates. On the application page itself, look for a link to the certificate. If there isn’t one, try to locate the link on the homepage. And, if you still don’t see one, it’s likely a scam.

Also, check for links to: BBB, McAfee/Norton, Truste, and Thawte. Make sure that these are actual links and not just graphics. (Some companies will put the graphics on their websites to make it appear secure.)

A personal loan company should clearly state their privacy policy on their home page as well as application page. It’s a good idea to read through it. And, if anything sounds even the slightest bit off- call the company and ask questions. It never hurts to ask questions and gather more information. While this may take a few extra minutes, it could save you a lot of time and money later.