Educational Resource for Payday Loan Consumers
Los Angeles, CA -- (ReleaseWire) -- 10/31/2011 --CashAdvance.com skyrockets above its competitors with the premiere of its New Mexico Laws and Regulations Resource. Consumers have asked for and CashAdvance.com has delivered a comprehensive multiple page fact sheet that gives consumers the answers they need to make informed decisions about payday loans. The financial experts at CashAdvance.com teamed up with legal experts to provide this one-of-a-kind guide.
“CashAdvance.com strives continually to ensure consumer protection by providing the knowledge 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, while providing recourse to regulatory agencies capable of remedying fraudulent lending practices.”
New Mexico consumers can easily find the information they need by clicking on the Laws and Regulations link on the New Mexico Consumer Resource page. Once there, they will find vital information necessary to make an informed decision about applying for a payday loan. Some of the important facts they will find is that New Mexico caps the amount of payday loans at 25% of your gross monthly pay and that New Mexico has a no-cost 130 day payment plan. Consumers will also find specific interest rates and fees, information about rollovers, cooling-off periods and the number of allowable concurrent payday loans per borrower.
By using the facts on the Laws and Regulations page, consumers can not only learn the current rules that govern the process of obtaining a New Mexico cash advance, but also learn about the state’s consumer protection agencies. In addition they can become familiar with the loan process and cash advance alternatives. Consumer should visit the New Mexico Laws and Regulations page frequently to be assured that they have the most up-to-date information.
According to leading CashAdvance.com financial news expert Adam Hilliard, “Our New Mexico Laws and Regulations page will dispel any misconceptions or uncertainty surrounding the cash advance process in New Mexico, 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.”