A Convenient Educational Resource on Rhode Island’s Payday Loan Industry

Los Angeles, CA -- (ReleaseWire) -- 11/09/2011 --CashAdvance.com recently inaugurated its Rhode Island Laws and Regulation resource in response to consumers’ cries for quick, accurate and up-to-date payday loan information. Recent changes in Rhode Island law have severely restricted consumers’ access to payday and cash advance loans and was instrumental in the development of this resource. Financial and legal experts at CashAdvance.com filtered through the myriad of available information to provide the rock solid kernels of information Rhode Island consumers need to make a payday loan decision.

“CashAdvance.com strives continually to ensure consumer protection by providing the knowledge necessary for consumers to make informed financial decisions,” says CashAdvance.com spokesperson Hanna Wellman. “The Consumer Resource pages are a wealth of information arming consumers with the resources with which they can actively preserve their rights, while providing recourse to regulatory agencies capable of remedying fraudulent lending practices.”

By visiting the Rhode Island Consumer Resource and clicking on the link, consumers can access the Laws and Regulations resource. Rhode Islanders can see at a glance, the maximum loan amounts, the relevant interest rates and fees, and the repayment timeframe. In addition consumers will learn about rollovers, the number of concurrent outstanding loans allowed be borrower, and whether or not Rhode Island requires a cooling-off period.

Rhode Island consumers who use the Laws and Regulations resource acquaint themselves with the laws and regulations governing payday loans prior to making an application. Knowledge of the availability of extended repayment plans or rollovers can help Rhode Island residents plan for an unforeseen emergency that could impact the repayment of their loan. Finally, Rhode Islanders can arm themselves with the consumer protections afforded by state law and avert falling victim to unscrupulous lenders.

According to leading CashAdvance.com financial news expert Adam Hilliard, “Our Rhode Island Laws and Regulations page will dispel any misconceptions or uncertainty surrounding the cash advance process in Rhode Island, 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.”