Payday Loan News

Never send money upfront!

We are a licensed and bonded company based in Wilmington, De. Recently we received calls from several people around the country saying they had been looking for a loan and were contacted by someone claiming to be us and wanted these people to send them money. We here at National Cash Lenders NEVER, and I repeat Never ask for money up front.

One individual contacted us and informed us that she had sent this company, claiming to be National Cash Lenders, $550 via a wire transfer to an individual in Canada. A few people had even said that they were referred to our website at http://www.nationalcashlenders.com. We suggest that if you have any question about the legitimacy about a company that you are going to possibly do business with, make sure that there is a contact number that is easily found on the internet, that they are licensed and bonded and NEVER send money up front.

If you have any questions please feel free to contact us 877-369-0505 or at our website at http://www.nationalcashlenders.com

 

WASHINGTON, Dec. 4 /PRNewswire-USNewswire/ -- Households without access to payday loans are forced to use costlier credit products and suffer greater financial difficulties, according to new research prepared by staff of the Federal Reserve Bank of New York.

Preliminary findings in the November 2007 working paper, "Payday Holiday: How Households Fare after Payday Credit Bans," by Donald P. Morgan and Michael R. Strain, Research Officers with the Federal Reserve Bank of New York, conclude that payday loan bans result in increased credit problems for consumers. (read the rest of the article here)