Online Loan Application

Payday Advance Loans in Las Vegas Payday Advance Credit ™ USA

Deferred deposit and cheque cashing service companies commonly referred to as “Payday Lenders,” are a necessity for certain borrowers who might be labelled as ‘sub-prime’. These loans are meant to help the consumers experiencing financial emergencies or cash flow problems, but are not supposed to be heavily relied upon like regular income.

The passage of Assembly bill 384 imposed some newer and tougher regulations in the Nevada Revised Statutes 604A which has curbed many of the former problems and have made it even more difficult for some scheming lenders to take undue advantage of the borrowers. Some of the changes introduced helped in protecting the consumers from sinking into even greater debts by limiting the loan amount for borrowers, the number of extensions and the total sum of multiple loans. The Nevada Financial institutions Division is responsible for enforcing any changed or modified regulations in the Las Vegas region.

Mentioned below are some highlights of the rules and regulations over Payday Loans in the Las Vegas region:

  • Limitations on Loan Amounts – payday loans must not be more than 25% of the gross monthly income of the borrower. The combined loan amounts from multiple loans issued to a single borrower must not exceed 25% of the expected monthly income of the borrower.
  • Limitations over the loan extensions – if the borrower has to extend the initial duration of the payday loans, the extension must not be for more than 60 days after the original repayment date.
  • The right to revoke the loan is present with the borrower – The lender must permit the borrower to cancel the loan on or before the closure of business on the next day at the place where the loan was approved. For example, if the borrower took the loan on Thursday morning, the borrower can retract the loan until the end of business day on Friday. The borrower must refund the sum of money equivalent to the face value of the payday loan and deposit copies of several documents with the borrower as a proof of the cancelled transaction.
  • The borrower has the freedom to pay the loan in part or in full at any time without incurring any additional fee or charges before the expiration or due date of the loan.
  • The terms governing the loan must be presented in the language in which the transaction is to be conducted. For instance, if the transaction is conducted in Spanish the terms presented must also be in Spanish. Before a loan is made, the lender must provide the borrower with an agreement with the terms of the loan.
  • Before the lender can attempt to begin the legal proceedings in order to collect a defaulted loan, he must provide the borrower with an opportunity to enter a repayment plan through a written agreement within 15 days of the date of default.
  • The promissory note or the loan agreement must also contain the following terms as established with the Federal Truth in Lending Act – Annual Percentage Rate (APR), Finance Charge, Amount Financed, total payment.

Our lending process is free of any catches and hidden clauses, because we answer all your doubts and explain the lending process explicitly to our buyers. Whether you have hundred questions or one, we make sure that each of them is answered to your utmost satisfaction before and after applying the loan.

Fraud Alert Please be informed about stores pretending to be Payday advance credit. Read more We're a fully licensed company. Getting a safe and easy loan We are a locally owned and fully licensed company operating locally and online. You can learn more about our payday loans and licensing information for lenders here!

Disclaimer : Payday advance credit is not a financial organization or a lender. We do not provide loan or make decisions relating to the lending policy of our lenders. When you apply for a payday loan by filling out the application form available on our site, it does not guarantee approval of the loan. We forward your filled form to our network of lenders, who then evaluate your application based on their set criteria and approves your loan. Based on your application, our lenders will offer you the rate of interest, charges involved and other terms guiding your loan process. Once you get the offer from the lender, you can then decide whether you need to accept the amount or not. Payday advance credit does not play any role in deciding your loan amount, interest charged or any other terms related to it. We advise our clients to read the terms and conditions properly and weigh the pros and cons that follow before signing the contract. We make our earnest effort to provide you with up to date and explicit information on our site. If you decide to accept the offer, then you will have to sign the documents electronically and send it over to us. After you duly sign and agree to the agreement, we will then put forward the amount in your bank. We are in no way obligate you to accept the loan amount after the offer is made. You are solely responsible to accept the loan amount based on your personal decision. Some of our lenders will run a credit check on your name to ensure your capability to repay the loan. The verification won't affect your credit history and is performed by lenders to cover risks associated with lending money. Payday advance credit reserve the right of making any changes on our website without intimating the clients in advance. The updated information is effective from the time it is updated and it is the responsivity of the customer to read them prior to applying for a loan. Payday advance credit or its affiliates do not guarantee availability, performance accuracy and functionality of the third party software working on our website. Any transactions occurring between you and payday advance credit is subjected to local jurisdiction regardless of the place where you reside. Payday advance credit or its affiliates does not guarantee the performance, availability, functionality and accuracy of the third party software present on its website. All the transactions between Payday advance credit and you are subject to the local jurisdiction regardless of the location where you live when you accept a short term loan or advance credit. We advise you to go through rates and fees section on our site to understand the laws and terms that follow your agreement. Our terms of use will help you in gathering more information on the loan process, products and services to understand it thoroughly. Read our privacy policy to understand rules and regulations to understand the collection, use and distribution of personal and non­personal information that's been gathered from customers by Payday advance credit or any affiliates. Privacy Policy