Some tips on Cash Advance loans.
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As per the usual state laws, the fees of the cash advance companies are capped at 15% or $30, which ever is less.
The company cannot advance more than $500 to a customer from all their combined cash advance outlets.
The check cannot be held for more than 31 days.
The customer cannot keep more than 2 checks outstanding to any cash advance company.
It is necessary for a cash advance company to provide written explanation of the transaction in clear, understandable language.


