With all the banking issues in this crazy economy, it’s important to understand that fast cash advances are are still available. When you have an emergency or having a hard time paying your bills, it’s still safe to get a fast cash payday loan to bridge the gap between pay day and now!

Against Predatory Lenders

Shouldn’t the law protect us from payday lenders? Yes. Has it protected us in the past? Not really, but it now protects more – if only a little more.
Credit card interest rates have been capped at 30% for several years. Even tighter terms on the credit card industry’s terms and fees were applied in the Spring of 2010, via the Credit Card Accountability, Responsibility and Disclosure Act (or Credit CARD Act) of 2009. Unfortunately, pay day loans were not part of that bill.
Pay day loans often charge a flat fee of $25 to up to $200 for a loan on your pay check. These checks are only a few hundred to a few thousand dollars at most. A $25 fee on a $250 check is a 10% interest rate – per pay period! Since that fee is rarely paid off at pay day, the borrower has to pay a new $25 fee. Up to three quarters of those using pay day cash advance services and pay day lending roll these loans into their next pay check. This rolling loan translates into several hundred percent interest paid per year. The current maximum rate is 450%.
The Tennessee House Bill 3111 states that the maximum interest rate will be set at 100%. This is not without precedent, since the military has already set a cap of 36% that pay day lenders can charge military service members.
While this law does not drive the predatory lenders out of the water, it does give Tennesseans a little shark repellent against these predatory practices.

Prime Minister Gordon Brown is promoting the idea of universal access to high speed broadband internet across the UK. He compares the technology divide created by current internet service, or lack thereof, with access to electricity a century ago. In an attempt to become the world’s digital leader, the UK’s politicians are hotly debating the issue.

Where will the cash advance come from to support this initiative?

It is currently being proposed to tax traditional land lines to raise funds. Conservatives are against this tax and vow to appeal it if elected.
Proponents of universal high speed internet cite job growth along with government savings as many government services will go online, replacing offices that deal with everything from licensing to taxes with online based services available to all by the year 2020. This would save the government enormously as traditional offices offering face to face service will close. Opponents include unions who fear a massive loss of jobs in the public sector and question the security of personal information shared with this system.
Mr. Brown states that everyone will have their own personal website that enables them to access government services and hopes to have this in effect within four years. Additional fast cash advances may come from BBC licensing fees which will make up for any deficits.