01 Jun 2008 00:00:00 +0000
News and Updates, Online payday loans
FOR IMMEDIATE RELEASE
American Cash Market Payday Loans & Cash Advance Receives 2008 Best of Los Angeles Award
U.S. Local Business Association's Award Plaque Honors the Achievement
WASHINGTON D.C., June 1, 2008 - American Cash Market Payday Loans & Cash Advance has been selected for the 2008 Best of Los Angeles Award in the Check Cashing Service category by the U.S. Local Business Association (USLBA).
The USLBA "Best of Local Business" Award Program recognizes outstanding local businesses throughout the country. Each year, the USLBA identifies companies that they believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and community.
Various sources of information were gathered and analyzed to choose the winners in each category. The 2008 USLBA Award Program focused on quality, not quantity. Winners are determined based on the information gathered both internally by the USLBA and data provided by third parties.
| 05 May 2008 00:00:00 +0000
News and Updates, Online payday loans
Fed action on credit crisis included
cash injection for America student loan cash market.
Action taken by the Federal Reserve on Friday targeting the
global credit crisis, in concert with European central banks,
included an injection of cash into American
student loan cash market through a special lending operation.
Lawmakers and loans industry have been pressing for such action
by the central bank for weeks, as distress in the credit market has
caused more than 60 lenders to stop making federally guaranteed cash loans, either temporarily or permanently.
The exiting lenders, which include cash loans companies in several states
include California, account for an estimated 15 percent of the federally backed cash loans market.
Their departure comes at the time when students headed to college next year must lock in their loans.
In the move, the Fed is allowing investment firms and banks to use bonds backed by federally
guaranteed cash loans as collateral of safe Treasury securities that the central bank is making available.
More than two dozen lawmakers of both parties earlier this spring asked the Fed to inject
cash into the student loans market by taking that action.
President Bush is expected to sign the legislation, which also would let the education
secretary advance federal money to designated companies that would operate as
"lenders of last resort" if they run out of cash to make new federally backed loans.
The Fed said Friday it was boosting the amount of emergency cash reserves and
advance supplies to the banks in America to $150 billion in May, from the $100 billion it supplied in April.
The latest moves are part of a series of actions the Fed has made since the credit crisis struck in August.
The efforts are designed to increase reserves so that banks don't become hesitant about lending
cash to consumers and businesses, which would make the current economic slowdown even more severe.
The Fed's decision to boost the amount of cash loans it makes to banks every two weeks,
in a process known as a Term Auction Facility, was aimed at sending a strong signal
that the central bank is prepared to advance as much in reserves as banks in America need.
| 17 Feb 2008 00:00:00 +0000
News and Updates, Online payday loans
It always surprises the typical, small
payday loans operator to learn a state regulatory agency is attacking one of the
"big players" in our industry. Generally, we are all under the assumption the
"big guys" have legal teams reviewing store procedures and compliance.
Although there are two sides to every story, we can be certain there
is at least some justification for the action taken by the Washington DFI.
State payday loans laws are always in flux. We are constantly attacked,
embraced, and attacked again. An interesting aside is the impact the
online payday loans operators are having on the industry.
More than one regulator has implied they are more than willing to welcome
online payday loans operators to the fold and will ease their ability to
secure licensing and nexus; a complete about face for the regulators.
Of course, this is due to the difficulties the regulators face in
addressing the online operators and the monumental number
of consumer complaints emanating from payday loans granted
via the Internet. FISCA & CFSA are heading in the same direction.
Recently they have exhibited a very favorable attitude toward
the online payday loans companies; a radical change!
We recall attending a FISCA convention in
2000 at the Atlantis where we were told by a FISCA board
member we "Internet outlaws would be in prison very soon".
Now, the payday loans "big boys" are scrambling for online payday loans knowledge.
| 06 Jan 2008 12:12:00 +0000
News and Updates, Online payday loans
Almost everyone experiences a time when they need extra cash right now.
The solutions to this problem vary from person to person.
Some people can use their credit cards. Other people have reserves of cash
tucked away in their savings account.
However, many people use payday loans and have to answer the question: "should I get my payday loans online or in person?"
In most cases an online payday loans is a better choice.
Admitting they need financial help can be embarrassing for many people. Being spotted by one of their
friends at a payday loans store would be mortifying. Online payday loans
avoid this potentially embarrassing situation.
These loans can be obtained from the comfort of your own home.
Everything is done online, and since most current lenders do not
require faxing any documents, you only need to go as far as your computer.
Retail store is not always the safest places to go. They tend to cluster in neighborhoods
that many people consider to be bad and unsafe. Whether they are unsafe is debatable,
but the perception that they are unsafe can add additional stress to a situation
that is already stressful. Anyone who wanted to mug you knows you'll be
walking out of a payday loans store with $100-$255 in your wallet.
With online payday loans, you do not need to go to a neighborhood
that makes you uncomfortable and you will not be exposed to muggers while your wallet is full of cash.
Like any store, payday lenders go where the customers are.
If your nearest neighbor is an hour away, you probably don't
have quick access to a payday loans store. Unless you want to make the
two hour round trip, an online payday loans is your only option. Online payday loans
are available virtually anywhere with internet access. Simply fill out the application.
You will quickly know whether you are approved and you'll get the money in one hour.
There is no need to travel anywhere except to your computer.
Given all of the advantages online payday loans have compared to the retail outlets,
it is easy to see that getting a loans online is usually a better choice.
Online payday loans are safer, less embarrassing, and available anywhere with internet access.
For those of us who need a payday loans, getting it online makes perfect sense.
| 05 Jan 2008 23:00:00 +0000
News and Updates, Online payday loans
Payday Advance provides a small, unsecured, short-term cash advance until payday.
Customers choose Payday Advance to cover small expenses and avoid costly bounced-check fees or
late payment penalties and other less desirable short-term credit options.
A customer with an active checking account with direct deposit and a regular income simply:
- Reads and signs an agreement that discloses transaction terms,
- Writes a personal check for the advance amount plus a fee, and
- Immediately receives the payday advance in the value of the check minus the fee.
The customer's check is held for an agreed-upon time period, usually about two weeks.
At the end of that time, either the check is deposited or the customer returns with cash to reclaim the check.
Just as you understand that taxi services are valuable and convenient when used for
short-term travel needs but are inefficient to use for long-term travel needs, Payday Advance services
are economical and convenient when used for short-term cash needs.
BUT THEY ARE INAPPROPRIATE TO USE FOR LONG-TERM OR CONTINUING CASH NEEDS. The Payday Advance product
is a dignified and cost-efficient "financial taxi" to get from one payday
to another when you are faced with an unexpected cash need.
This payday advance must be used responsibly and for the purpose for which they are
intended, namely to solve temporary cash-flow problems by bridging the gap between paydays.
| 03 Jan 2008 00:00:00 +0000
News and Updates, Online payday loans
The study by the Federal Reserve Bank of New York entitled:
"Payday Holiday: How Households Fare after Payday Credit Bans,"
made big news last month. While it's been a longstanding assumption that consumers
fare much better without the siren's call into financial ruin posed by the mere existence
of cash advance lenders, the Fed's conclusion that consumers in states with newer fast
cash advance restrictions were actually turning to even more perilous credit options.
The study found that these individuals and families were stuck with exorbitant bank
overdraft and credit card late fees in the absence of cash advance,
and that bankruptcy and foreclosure rates had reached all-time highs.
The Fed attributed these trends to the lack of choices afforded to
sub-prime households without the option of cash advance lending.
The study determined not only that consumers suffered without cash advance,
but that the personal loan products offered some very real benefits. In California,
for example, households impacted by natural disasters like floods, earthquakes,
and fires almost always fared better when they had access to cash advance credit
merchants in their immediate vicinity. In certain situations, the report attested,
cash advance can actually be "lifesaving." | 14 Nov 2007 23:00:00 +0000
News and Updates, Online payday loans
Sacramento wants to stem the proliferation of quick cash operations
like payday advance loans lenders and check cashed stores that officials say prey
on lower-income neighborhoods, encourage blight and trap consumers in devastating spirals of debt.
The Sacramento City Council voted unanimously Tuesday in favor of a 45-day moratorium
on new payday advance loan stores, action prompted by a national focus on the industry
and one official's survey of its growth in her district. | 13 Nov 2007 12:00:00 +0000
News and Updates, Online payday loans
The payday loans industry says it is simply
offering customers a product they want, at a reasonable price. Even with the costly fees,
industry officials say a cash loans are often the best option for a consumer who needs cash loans fast.
"A payday cash advance loans, a credit card late fee, overdraft protection - if you put
all those next to each other, a payday cash loans are often winds up being least expensive, and convenient,"
said Greg Larsen, a spokesman for the Sacramento-based California Financial Service Providers,
which represents the state's payday lenders and check cashing companies.
"Consumers make the choice and this makes sense to them." | 12 Nov 2007 04:54:00 +0000
News and Updates, Online payday loans
Payday loans in Pennsylvania should be used in emergency situations.
People should be using them for things like medial supplies.
Advance America also offered an explanation for payday loans'
high interest rates. "The high interest rates cover a lot of costs for the lenders.
There is a lot of paperwork involved and also the everyday expenses for business," Thornton said.
With home loans and car loans, there is collateral for a lending
officer but with payday loans in Pennsylvania the lenders don't
have any sort of material collateral.
"There is a risk for the lender and all those things attribute to the high interest rates," he said.
He noted that in Pennsylvania all people considering taking out a payday
should talk to someone who has already done it.
| 30 Sep 2007 03:02:44 +0000
News and Updates, Online payday loans
The holidays are coming up and that means that people
are going to to be getting together and friends and families are going to receiving the gifts.
Now that is the good part, the other part is that its time to spend some cash.
Right now is best time to start saving a few dollars so that you will not need a payday loan
for too large of an amount come December. Start making a list of people that you need
to get gifts for and get them when you get the money. There is no reason to show all
that self control so you don't need a payday loan and than get stuck having to
deal with all crowds and what not. Make your list, save the money, get the gifts, and
then just forget about it and enjoy the Holiday Season! | 09 Sep 2007 02:02:44 +0000
News and Updates, Online payday loans
Another study found that further regulation
of online payday loan lending in California has the adverse and unintended
consequence of reducing credit options for those who may have few alternatives,
and that policy-makers should encourage competition in the small-loan market, as competition controls prices. | 09 Sep 2007 01:02:44 +0000
News and Updates, Online payday loans
A January 2007 study by the Federal Reserve Bank of New York
found not only that payday loans were not predatory,
but that by increasing the supply of credit to an underserved market,
they actually enhance the welfare of the households they serve. | 09 Sep 2007 00:02:44 +0000
News and Updates, Online payday loans
In January, Maj. Gen Mike Lehnert, commanding general for Marine Corps
installations west of the Mississippi, asked the Oceanside City Council to do something
about bad credit payday loan lenders who charge high interest rates to members of the military. | 04 Sep 2007 00:01:44 +0000
News and Updates, Online payday loans
With quick payday advance lenders nationwide charging
as much as 400 percent interest, Congress passed a law, effective Oct. 1,
limiting interest rates that can be charged to military personnel to 36 percent annually.
Additionally, a regional Military Joint Task Force on Financial Health has been set up
by Navy and Marine officials to address service members' financial issues.
"Financial health is a priority regarding our sailors and Marines," task force
spokesman Brian O’Rourke said in an e-mail yesterday. "We consider financial
health to be just as important as physical health or mental health. It’s also a combat-readiness issue for us."
This check-cashing service is among 22 providers of fast payday loans in San Diego California,
which has the second most among cities in San Diego. Military officials have voiced
concern that safeguards are needed to protect Marines and sailors from
high interest rates in San Diego, California | 09 May 2007 01:01:25 +0000
News and Updates, Online payday loans
Consumers in California using online search tools are more likely
to apply for payday cash advance from the comfort of their home or office.
American Cash Market operates in Los Angeles since 1998 now offer payday loans and cash advances on the Internet.
This program design to help people in California to get an emergency cash, pay unexpected bills,
avoid expensive bank or credit cards overdraft fees beetwen the paydays.
This first class service is avaible to our customers online when we will
deposit cash into their checking account, but they can also visit
our Los Angeles braches opened 7 days a week and pick up their cash advance money in person
or even call to apply for payday advance over the phone. | 24 Apr 2007 20:23:22 +0000
News and Updates, For Customers
Looking for a short term cash advance loan until your next payday?
American Cash Market can help! You can get payday loan online to cover unexpected expences
while avoiding costly checking account or credit cards overdrawal fees and penalties.
Payday loan online is quick way to get secure cash advance.
Ones you approved for your cash loan the money is normaly deposited into your
checking account or you can simply pick up your cash in our Los Angeles branches 7 days a week.
We offer in California discreet service that helps to get the cash you need right now!
It's easy so why wait to get payday advance loan?
| 20 Mar 2007 08:26:04 +0000
News and Updates, For Customers
Need quick cash in California? Get money deposited into your checking account today!
No credit, bad credit OK! American Cash Market's payday loans online is instant service,
that allows customers to get payday advance in California in an efficient, safe manner.
All this is availed to you in the comfort of your home or office. We are
in Los Angeles since 1998 giving to our customers in California first class service through our
professional experienced staff. Our lenders cash advance fees are among of the lowest online!
American Cash Market makes it affordable to have the payday advance you need.
| 6 Mar 2007 23:23:54 +0000
News and Updates, For Customers
With the amount of information being processed on the internet every day, it is no wonder
there can be situations where a persons private information can be exposed. That's why when
you get a no faxing payday loan online you should make sure you are applying on a site that
uses secure technology. Any information such as your name as email address is common information
and should not be worried about, but when you enter in information like your social security number
and other personal identifiable information you should always make sure that in the address
bar it shows a https:// or there is a small lock in the lower left hand corner of your browser.
These things will help you keep your information from getting in the wrong hands. | 6 Mar 2007 00:33:54 +0000
News and Updates, For Customers
It is seems that is more payday loan websites on the internet
then there are actually payday loan customers at times.
The industry has gotten very competitive with all of the affiliate marketing taking
place and that is important for these individuals need to follow the same procedures
and protocols as traditional payday cash advance companies. They need full disclosure,
provide information on fees and make some support. They also should provide useful
content such as answers to commonly asked questions as well as particular information
on the payday loan procedures. | 3 Mar 2007 19:03:09 +0000
News and Updates, For Customers
The whole idea behind payday loan is the speed in which the person receives their money.
For consumers that means getting cash right away. Unlike other loans the processing time is very short and not very detailed.
For that reason some people receive cash loans that they would not otherwise qualify for.
American Cash Market offers fast payday loans and helps people to save thousands of dollars on overdraft
credit cards, bank fees and late payments. | 2 Mar 2007 23:55:07 +0000
News and Updates, For Customers
American Cash Market Inc. provide the First class service in Los Angeles, California since 1998,
now offer
payday loan and cash advance online.
We offer payday advance when they are needed the most-usually between payday! The money is directly deposited
into your checking account in the matter of minutes and your cash advance funds will be available the very next day.
We just cash personal checks and hold them until your next payday. Even if you have bad, slow or no credit at all,
we can put cash into your checking account today. | 1 Mar 2007 23:30:00 +0000
News and Updates, For Customers
American Cash Market Inc.
now offer hassle free payday loans and cash advances online!
Instant approvals, completely secure and confidential. Cash will be deposited on you checking account by the very next day!
It is simple - ACM based in Los Angeles and California licensed, provides payday loans
and cash advances to help people to pay bills on time, have emergency cash to cover unexpected expenses or for any other reasons.
Our loans are hassle free and fast!
| 28 Feb 2007 15:45:11
News and Updates, For Customers
Its very hard for the typical payday loan consumer to find out which company they should work with. New companies are constantly opening up and its hard to really understand who is going to treat you the best. It is my belief the best option for a customer is to get a payday loan from a company that provides the best customer service. The different between good and bad payday loan customer service can mean you are not going to get an extension taken care of. So when you are deciding which company to use for your payday loan, try to remember that a company that can show you great customer service is going to be one your best options.
Another area is what exactly the payday loan fees you will be charged. Most companies are not upfront about the fees you are charged when you apply, however you will be informed of the loan fees before you can accept the loan from the lender.
| 27 Feb 2007 18:06:05
News and Updates, For Customers
Choosing what company to use for your payday loans can be very easy when you follow a few simple steps.
The first is to choose a company that can easily be contacted either online or phone.
Second work with a company that provides up front information about all their fees and the methods they provide to make a payment.
Last and most important, remember to read what you are filling out so you know what you are signing up for.
Also remember, no faxing payday loans can only be provided for regular checking account and not savings accounts.
This is standard procedure for all payday loan lenders. |
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