CashAdvance.com Laws in Kentucky Protect the Consumer Rather than the Lender
Louisville, KY -- (ReleaseWire) -- 01/26/2011 -- CashAdvance.com has released an informative page dedicated to those seeking a cash advance in Kentucky. The information will assist borrowers in Kentucky about the laws that govern cash advances in the specific state, and in their local governments.
CashAdvance.com is the only provider of payday loans online seeking to educate borrowers on the local laws that govern payday advances in Kentucky. CashAdvance.com wants to inform consumers on the rules and regulations about the cash advance industry before taking any further action.
Some of the laws that govern getting cash advances in Kentucky are:
• Cash Advance loans are limited to a maximum of $500
• Individuals have up to 60 days to pay back a cash advance
• State laws protect the borrower rather than the lender
• Interest rate is around 15%
Information on cash advance laws is also available for the following cities: Frankfurt, Lexington, and Louisville.
Cash advances should be used for short-tern financial needs only. They are not a long-term financial solution and should not be abused.
It is important to remember when you are taking a cash advance or payday loan in Kentucky, that your loan should be paid back upon receipt of your next paycheck to ensure you pay the least amount in fees and interest. A borrower should also attempt to pay back the loan prior to receiving another.
Since 1997, CashAdvance.com (http://www.cashadvance.com) has been the most established and trusted name in the cash advance industry. Educating consumers on the laws and practices in their state and community, CashAdvance.com has once again proven it is America’s Cash Advance Network.