Connecticut Consumers Given New Resource for Payday Loan Consumer Protection
Los Angeles, CA -- (ReleaseWire) -- 11/14/2011 --The need for cash advances has greatly increased as the economy has become less stable. Consumers are spending more on day-to-day expenses and are not able to save for the unforeseen expenses that can arise. Cash advance loans have become one of the solutions available in many states, but laws and restrictions vary according to the state. This makes it very difficult for consumers to get accurate information regarding their state's policies. CashAdvance.com, a trusted member of the lending industry for over ten years, has created the Connecticut Consumer Protection page in an effort to assist consumers in educating themselves about short-term loans and the consumer rights issues surrounding them.
“CashAdvance.com strives continually to ensure consumer protection by providing the knowledge and resources 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 knowledge necessary to preserve their rights and providing recourse to regulatory agencies capable of remedying fraudulent lending practices.”
Residents will learn that the Connecticut Department of Banking requires all lenders to be licensed to operate in the state. Questions about a Connecticut cash advance or complaints can be directed to the CBD using the contact information provided by the CashAdvance.com Connecticut Consumer Protection page. Residents are also encouraged to research the lender prior to signing any loan documents. As more and more consumers are in need of short-term loans, many unsavory and unethical businesses have appeared in the loan industry. These questionable entities exist solely to prey on innocent and unsuspecting consumers that are searching for a legitimate solution to a short-term financial issue.
Unlike these fly by night predators, CashAdvance.com is committed to serving consumers in any way possible. The creation of the Connecticut Consumer Protection page is an example of the company’s continued efforts to educate the public about the benefits and the proper processes of short-term lending. According to leading CashAdvance.com financial news expert Adam Hilliard, "Our Connecticut Consumer Protection page will dispel any misconceptions or uncertainty surrounding the cash advance process in Connecticut, 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."