Consumers seeking a cash advance in Florida should take into account the various laws governing the payday advance industry. Unfortunately there are lenders doing business in the state that will take advantage of uneducated 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 Florida are:
Payday loans must be below the $500 limit
Loan term must be between 7 and 31 days total
390% APR on $100 loans for 14 days
Maximum one outstanding cash advance loan per consumer
Information is also available for cash advance laws in Jacksonville and Tallahassee, with more areas to come.
Always be sure to do your research before signing up for a payday loan in Florida. If you are having financial problems and are in need of money, these types of loans have much higher interest rates than typical ones and should only be taken out as a last resort. It is also essential 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.