Recent Blog Posts in August 2010

This month, the Montana Supreme Court has ruled that a proposal to cap interest rates charged on payday loans and title loans will remain on the scheduled November ballot.

Recently, the Supreme Court turned down a request from the Montana Consumer Finance Association and the treasure of the group who are opposing to strike Initiative 164 from the state ballot.  If the ballot is approved by voters throughout Montana, Initiative 164 would cap interest rates charged by lenders at 36%.

With a 4 - 2 vote, the court decided it was appropriate to allow the initiative to appear on the ballot, but made slight revisions to the for-and-against statements and the statement of purpose on the ballot.

Justice Brian Morris wrote, "The attorney general acted within his considerable discretion in drafting the ballot statements and fiscal statements for I-164."

If you are in need of a payday loan, do not hesitate to complete our online application to get the money you need until your next payday.

No matter how much people plan, there will always be times when unforeseen financial emergencies arise.  Even when people are extremely responsible with their money, they may find that they are short on cash.

While the reasons may vary as to why people may be short on money, one thing people may choose to do when they need cash quickly is to apply for a cash advance.  Applying for a cash advance allows people to pay for their financial emergencies without depleting their savings or maxing out their credit cards.

In order to obtain a cash advance, people need to:  be at least 18 years of age, have steady and reliable income and have a bank account where funds can be deposited. 

Are you in need of a cash advance?  Get the funds you need quickly by completing our online application today.  Our application and approval process is quick and to the point - saving you time and frustration!

If you're thinking about applying for a same day or a cash loan, here are a few tips that will allow you to get the emergency funding you need without encountering difficulties:

Try to apply for your cash loan during the morning hours. Keep in mind, the sooner that you submit your application and get approved, the faster you will be able to receive the money you need. Submitting your application during the morning hours will ensure that you do not miss cut off times.

Always provide honest information when completing your application.  For example, make sure that you list the true amount of your income as lending companies may check the information supplied on your application.  If any information is false, you may be denied cash loans.

Are you in need of emergency cash?  Would you like to receive the money you need within 24 hours?  If so, take the time to complete our online application and get the money you need today!

A same day loan is a short-term type of cash advance that can help you in the event of a financial emergency. For example, if you have an unexpected medical emergency or have suddenly fallen behind on your rent, a same day loan can present a financial solution when you need it most.  Unlike other types of unsecured loans, you can get a same day loan without going through a lengthy application process or tedious approval process.

The fact is same day loans are quite convenient and uncomplicated. These types of loans can be used for any purpose and there are no limiting factors as to what these loans may be used for.

Another great thing about same day loans is that even if you have bad credit, you can still get approved and have cash in your bank account within 24 hours!

If you need emergency cash, now is the right time to apply for a same day loan online.  Within minutes, you will know if you are approved or denied and if you are approved you will get the funds you need without any hassles.

Most people know that it is getting harder and harder to find creditors that will offer loans to those who have bad credit. In fact, many financial institutions will not even consider giving consumers loans if they have below average credit scores because they see consumers with bad credit as being too risky. Now that the economy has taken a serious hit, getting short-term loans from financial institutions is exceedingly difficult.

Anytime you try to obtain a cash loan from a bank, they will pull your credit report from all three major credit bureaus. If there is negative information on your credit report, such as late payments or collections, chances are that you will not be approved for your loan. Trying to obtain a cash loan from a financial institution also takes a great deal of time due to the approval process.

If you have bad credit and are in need of an emergency cash loan, you do not have time to waste and should not let your credit get you down. Instead, get the money you need by applying for a cash loan with ConnectedCommunities.  Our application process is quick and easy and we will not check your credit. If you're ready to get the money you need, take the time to complete our online application now.

In the state of West Virginia, Attorney General Darrell McGraw announced that eight companies would be sued for offering Internet payday loans that were considered illegal.  McGraw is demanding that the companies stop all lending at this time.

A lawsuit that has been filed in Kanawha County Circuit Court also asked the judge to order the companies to give up records of their accounts in the state of West Virginia.  At this time, Attorney McGraw said that all of the companies have refused to cooperate with his investigation.

Usually, payday loans are made for 14 days with interest. In West Virginia, the law prohibits any interest rates that exceed 18% on consumer loans.  McGraw says that the individuals and companies that are being targeted are located in Arizona, Delaware, Florida, South Dakota and California.  Since 2005, he has settled lawsuits with 107 payday lenders who were engaged in illegal practices.

In order to avoid illegal lending and scams, it is advised that consumers work with a trusted company such as ConnectedCommunities.  If you are in need of a payday loan, apply online today to get the emergency funds you need to your next payday.

If you are in need of a same day loan, payday loan or a quick cash loan, ConnectedCommunities is committed to providing you with the financial solutions you need. There are numerous benefits to choosing our company when obtaining a short-term loan.

First, our loan application process and our approval process is very easy and customer oriented.  Whether you are in need of a loan within 24 hours or have bad credit, you will find that our process is expedient and hassle free.

Second, you do not have to appear in person to obtain the funds you need. You can complete an online application to request funds in the privacy and safety of your own home within minutes.

Finally, all of the information that you provide to us will remain safe and secure. You can rest assured that your confidentiality will not be violated.

If you're ready to get your short-term loan, take the time to complete our quick online application and get the money you need today.

According to Consumer Focus, the number of people that have taken out payday loans has quadrupled since 1996.  The financial watchdog finds this information to be very interesting due to the interest rate on these types of loans.

Now, the organization is asking the industry to introduce safeguards which may protect borrowers.

''Payday loans are a valid form of credit," said Sarah Brooks, head of financial services at Consumer Focus.  She went on to say, "But we do think there needs to be a limit on the number of loans people take out and how many loans they are able to roll over."

According to the group, their research shows that 1.2 million people are taking out at least one payday loan every year.  The group reiterates that for many people, payday loans are a quick and efficient way to obtain much-needed funding and if paid back immediately, Consumer Focus says that this type of lending may be cheaper than paying an overdraft fee or even interest on a credit card.

In need of a payday loan?  Get the money you need by completing our online application today!