Los Angeles, CA -- (ReleaseWire) -- 12/09/2010 -- Consumers in need of a cash advance in Hawaii should feel secure knowing that their state has initiated many laws to protect them from predatory lenders. While some states have outlawed cash advances altogether, Hawaii has allowed them, but with restrictions that help to keep the cost from getting out of control for borrowers.
Cash advances are a great option for people struggling financially to avoid missing payments. CashAdvance.com wants to make sure borrowers are educated so they get the most out of their payday loan, and avoid some of the pitfalls that are out there. The only Cash Advance Network providing this kind of consumer education is CashAdvance.com.
Some of the laws that govern payday loan advances in Hawaii are:
• $600 maximum for most cash advances (over $600 is a different type of loan)
• No loan rollovers, protecting borrowers from spiraling loans
• Maximum one outstanding cash advance loan per consumer
Information will soon be available for major metropolitan areas in Hawaii, like Honolulu.
Cash Advance cautions borrowers to do their homework before getting a cash advance in Hawaii. Consumers who are having financial problems and are in need of money, payday loans should be taken as a last resort as they usually come with high interest rates. It is also essential to repay cash advances on time to avoid additional fees and making bad credit worse.
Since 1997, 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.