CashAdvanceCity.org Warns Delaware Cash Advance Borrowers
CashAdvanceCity.org warns that Delaware cash advance lenders could have advantages over borrowers due to specific laws and regulations existing on this state.
It is in consumers’ best interest to be informed about their rights prior to apply for any kind of short term loans. Consequently, consumers must be pro-active to prevent lenders from taking advantage of borrower’s lack of information.
Hector Milla, editor of the CashAdvanceCity website -- https://www.CashAdvancecity.org – pointed out: “While we certainly offer the chance to consumers of researching and comparing several cash advance lenders at once, so they can have several alternatives in order to make a better financial decision, we also provide them with all pertinent laws and regulations governing the payday loan industry on their specific state…”
As part of CashAdvanceCity constant effort in educating about local laws governing the process of getting a short term loan, a web page has been published. The idea is that families can fully understand the payday loan process before making any financial decision.
Some specific cash advance laws and regulations in the State of Delaware are:
- No cap on interest rates
- Maximum loan amount of $500
- Maximum loan term of 60 days
- 4 rollovers permitted
As mentioned previously, the lack of cap on interest rates is a warning sign. This could mean lenders charging any amount they want. Consequently, it is very important for borrowers to research and compare different lenders before submitting an application.
Cash Advance City provides this service in an online and secure environment (256 bits encryption). Also, there is no cost and no obligation to access this platform.
Further information by visiting:
- Contact Information
- Hector Milla
- Contact via E-mail
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