Los Angeles, CA -- ( SBWIRE ) -- 01/13/2012 -- While today’s economy remains unstable and unpredictable, more consumers are turning to payday loans as a means to meet their most pressing financial obligations. To help consumers protect themselves from fly-by-night lenders and scam artists, CashAdvance.com announces the launch of its new Virginia Consumer Protection page, as well as similar pages for every state in the union, to help consumers stay properly equipped to identify and avoid fraudulent lending sites. “CashAdvance.com strives continually to ensure consumer protection by providing the knowledge and resources necessary for consumers to make informed financial decisions,” says CashAdvance.com spokesperson Hanna Wellman. “The Consumer Resource pages are a wealth of information arming consumers with the resources with which they can actively preserve their rights and providing recourse to regulatory agencies capable of remedying fraudulent lending practices.” Payday lending is legal in the state of Virginia; however, Virginia does impose regulations on the practice of cash advances. The maximum loan value is capped at $500, and the maximum period for the loan is 14 days. Interest rates are capped at 36 percent, finance fees at 20 percent per $100, and there is also a verification fee of $5. The lender may determine other fees consumers may incur, such as late fees. According to leading CashAdvance.com financial news expert Adam Hilliard, "Our Virginia Consumer Protection page will dispel any misconceptions or uncertainty surrounding the cash advance process in Virginia, equip you with practical advice for averting financial crisis, answer your myriad loan questions, and ultimately guide you on the road to taking control of your financial future.
According to the CFPB, nonbank financial providers market their services to a significant portion of American families, including an estimated 20 million consumers using payday loans and 200 million Americans relying on the three major credit reporting
Payday lending is legal in the state of Virginia; however, Virginia does impose regulations on the practice of cash advances. The maximum loan value is capped at $500, and the maximum period for the loan is 14 days. Interest rates are capped at 36

Millions of Americans deal with nonbanks regularly: Some 20 million consumers utilize payday loan services, while 2 million new mortgages were originated with nonbank lenders in 2010, and 14% of consumers have debt collectors after them.

For example, according to studies and industry sources, nearly 20 million consumers use payday loans, roughly 200 million Americans rely on credit reporting agencies to report their credit histories accurately, 14 percent of consumers have one or more

“Loan sharks, payday lenders, is the kind of predatory capitalism that he's talking about,” he said in an interview with the FT. The American's suggestion is for the government to cap interest rates and to order the part-nationalised banks to cut off
Whois Information Moniker Whois Server Version 2.0 The Data in Moniker's WHOIS database is provided for information purposes only, and is designed to assist persons in obtaining information related to domain name registration records. Moniker does not guarantee its accuracy. By submitting a WHOIS query, you agree that you will use this Data only for lawful purposes and that, under no circumstances will you use this Data to: (1) allow, enable, or otherwise support the transmission of mass unsolicited, commercial advertising or solicitations via e-mail (spam), telephone, or facsimile; or (2) enable high volume, automated, electronic processes that apply to Moniker (or its systems). Moniker reserves the right to modify these terms at any time. By submitting this query, you agree to abide by this policy. The compilation, repackaging, dissemination or other use of this Data is expressly prohibited without the prior written consent of Moniker. Domain Name: 411FORCASH.COM Registrar: MONIKER Registrant [3677045]: Moniker Privacy Services 411FORCASH.COM@monikerprivacy.net Moniker Privacy Services 20 SW 27th Ave. Suite 201 Pompano Beach FL 33069 US Administrative Contact [3677045]: Moniker Privacy Services 411FORCASH.COM@monikerprivacy.net Moniker Privacy Services 20 SW 27th Ave. Suite 201 Pompano Beach FL 33069 US Phone: +1.9549848445 Fax: +1.9549699155 Billing Contact [3677045]: Moniker Privacy Services 411FORCASH.COM@monikerprivacy.net Moniker Privacy Services 20 SW 27th Ave. Suite 201 Pompano Beach FL 33069 US Phone: +1.9549848445 Fax: +1.9549699155 Technical Contact [3677045]: Moniker Privacy Services 411FORCASH.COM@monikerprivacy.