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Follow on Google News | CashAdvance.com Launches New Wisconsin Consumer Protection WebsiteInternet Resource Helps Wisconsin Residents Protect Themselves from Predatory Lenders
By: Erin Scobie “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 at http://www.cashadvance.com/ Payday lending is legal in Wisconsin; however, state law does impose restrictions on cash advances. Loans cannot exceed $1,500 or 35 percent of the borrower’s gross monthy income; whichever is less. There are no term limits on Wisconsin payday loans, nor are interest rates capped; lenders are free to charge as much as consumers are willing to pay. There are no limits to the number of loan “rollovers” There are other restrictions and obligations that Wisconsin state law imposes, both for lenders and borrowers. CashAdvance.com’ According to leading CashAdvance.com financial news expert Adam Hilliard, "Our Wisconsin Consumer Protection page will dispel any misconceptions or uncertainty surrounding the cash advance process in Wisconsin, 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." # # # CashAdvance.com was established in 1997 to offer people a quick, convenient, and secure method to get a cash advance online. End
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