Monday, 5 August 2013

California Rejects PayDay Loan Reduction Bill

As more and more individuals are making use of short term cash advance to bridge the space in between paydays and to obtain emergency cash money immediately, many online cash advance companies are extending their financial services to consist of long term 12 month individual loans without any type of personal credit check.
It was in this area and space of responsibility, or irresponsibility, that spawned California consumer advocates to delve into action and try to reign in the regulations, or lack thereof of the lending sector. Specifically that of the payday loan sector.

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