CashAdvance.com Adds Loan Process Page for Florida Borrowers

Jan. 3, 2012 - PRLog -- CashAdvance.com announces the launch of its new Loan Process page, designed to clarify the payday loan process and requirements for Florida consumers. Cash advance loans are available both at Florida retail outlets and through online networks such as CashAdvance.com.

“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 Florida Consumer Resource page at http://www.cashadvance.com/florida offers a wealth of information arming consumers with the resources to actively preserve their rights, while providing recourse to regulatory agencies capable of remedying fraudulent lending practices.”

Though most retail lenders require extensive documentation, the CashAdvance.com online application can usually be completed in as little five minutes, with pre-approval for a payday loan granted almost immediately. Once an application through CashAdvance.com is approved, a consumer may receive their funds in less than 24 hours through a direct deposit.

Unlike some states, Florida has kept regulations to a minimum, allowing consumers to make their own choices regarding payday loans. However, the Florida Office of Financial Regulation requires that a cash advance lender obtain the following information from a borrower at the time of application:

•   Proof of being 18 years of age or older
•   Proof of permanent residence status or US citizenship
•   Current email address, telephone number and address of residence
•   Proof of a minimum $1,000/mo. income, after taxes
•   Proof of employment for the last 90 days

The new Florida Loan Process page at http://www.cashadvance.com/florida/loan-process also spells out how residents can avoid the possibility of increased interest rates and late payment fees by setting up their loan for automatic repayment. This option allows borrowers to payback their loan through pre-arranged debit of their bank account on the loan’s due date.

According to leading CashAdvance.com financial news expert Adam Hilliard, "Our Florida Loan Process page will dispel any misconceptions or uncertainty surrounding the cash advance process in Florida, 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."

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CashAdvance.com was established in 1997 to offer people a quick, convenient, and secure method to get a cash advance online.