It is necessary for all the lending companies to follow the guidelines mentioned in the FDIC. As per the Truth in Lending Act, the banks engaged in consumer lending must ensure that accurate information is provided to the consumers. They are required by laws to disclose the accurate finance charges and APRs for payday loans. While advertising a loan product, the banks must follow the regulations mentioned in the TILA act. The specific credit terms should be clearly mentioned by the creditors as offered. The finance charge must state the apr along with it.

Some tips on Cash Advance loans. [list=1]

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.

Does anyone have any info on these guys? Such as addy, phone and fax?

Would anyone happen to have a fax number for US fastcash. It has the same address as oneclickcash but a different suite number. Would the fax number be the same or different?

pIlease could you help.In october last year we purcshed new windows which cost 2900 fitted.the sales man offered finance which we said no,bacause the interest was to high.But he told us if we settle the balance within a year its interest free.Now 9 months later and paid 540 so far our balance is 2873 and settlement is 3269 how can you help to reduce my balance.

I'm getting ready to close my checking account after getting stuck in the payday loan cycle. Will the bank charge me fees after closing my account when the pdls try to debit their fee? If so how do I deal with this? Thanks for your help

Does anyone have the fax number for FSM Processing? I really need this number. I found it yesterday but my son Threw it away and i can't find it again Lori

NCO Financial Systems, which is also GE Consumer Finance apparently. Both names are on the collection statement that was mailed to me. They keep calling saying I need to pay at least 50% of the credit card bill today or they will file a law suit against me. I've offered to make payments to pay it off. If I could do this it will be paid off in 6 months. They refused my offer. Last message on my machine is if I don't call them within 48 hours they will file with the county. How can I get them to take my offer? Thanks for any help, and Happy 4th of July! This is a great Country, isn't it?

I lived in USA, Florida, one year ago. I lost my job and return to my country - Brazil. I had two huge debt amounts in CC, AMEX. AMEX hired two debt collectors named URS and NCO to collect my debts, one for each CC. They are calling me several times a day. I called the creditor (AMEX), but they said that thess accounts are no longer with them, they passed the account to a debt collector. I'm willing to pay what I owe, but I cannot pay the way they want to receive, and I think the amount they are billing me is not fair based on the APRs we have in USA. What should I do?

My first notice of anything was today when a stranger handed me small claims suit papers at my front door. It's seems to be an account from 3 years ago, that my ex apparently dumped on me when she filed bankruptcy. I'm not even positive what the account is - the contact was from a law office representing a collection agency representing a creditor. :shock: Can I pursue debt validation when I've already been sued?