Wednesday, September 12, 2012 responds to California lending citations - Sacramento Bee

/PRNewswire/ -- Short-term loan resource recently addressed the topic of secure online lending following citations from California officials directed at certain Internet lending providers.


In the crackdown, the California Department of Corporations issued a warning to consumers concerning lenders operating without appropriate licensing and advertising loans that do not adhere to state regulations. Since the beginning of the year, officials have issued nine complaints against lending agencies operating online, according to The Sacramento Bee. Some lenders were advertising services on a popular social networking site and the advertised amount exceeded the $15 fee per $100 borrowed and $300 loan limits imposed by the State of California.

"This recent issue concerning certain irresponsible and illegal lenders is just another example of why it is vital to use a trusted resource when applying for a loan online," says Jason Trainor, Media Relations Manager for "We have partnered with trusted lenders that place a high emphasis on consumer privacy and satisfaction."

The Platinum Cash Advance resource launched close to a decade ago, offering reliable short-term financial information as well as a free service that pairs consumers with reputable loan providers electronically, without requiring use of a fax machine. By completing a single form online, users are matched with a lender that most accurately meets the expressed criteria. In order to qualify, applicants must be able to demonstrate a valid income and have a checking or savings account with a direct deposit option, according to Trainor.

"The application process on our site is secure, so customers can use it with confidence," Trainor said. "With many sources to choose from, we understand it can be challenging for consumers to choose a reliable option, which is why we work around the clock to gain and keep their trust. Users can confidently rely on our site whenever they need a short-term financial solution."

Platinum Cash Advance has been a trusted short-term financial resource since 2003. We match consumers with reputable lenders that specialize in online unsecured loans. For more information, visit or call 888-861-9695.

Contact: Jason Trainor


What You Should Know About Comments on is happy to provide a forum for reader interaction, discussion, feedback and reaction to our stories. However, we reserve the right to delete inappropriate comments or ban users who can't play nice. (See our full terms of service here.)

Here are some rules of the road:

• Keep your comments civil. Don't insult one another or the subjects of our articles. If you think a comment violates our guidelines click the "Report Abuse" link to notify the moderators. Responding to the comment will only encourage bad behavior.

• Don't use profanities, vulgarities or hate speech. This is a general interest news site. Sometimes, there are children present. Don't say anything in a way you wouldn't want your own child to hear.

• Do not attack other users; focus your comments on issues, not individuals.

• Stay on topic. Only post comments relevant to the article at hand.

• Do not copy and paste outside material into the comment box.

• Don't repeat the same comment over and over. We heard you the first time.

• Do not use the commenting system for advertising. That's spam and it isn't allowed.

• Don't use all capital letters. That's akin to yelling and not appreciated by the audience.

• Don't flag other users' comments just because you don't agree with their point of view. Please only flag comments that violate these guidelines.

You should also know that The Sacramento Bee does not screen comments before they are posted. You are more likely to see inappropriate comments before our staff does, so we ask that you click the "Report Abuse" link to submit those comments for moderator review. You also may notify us via email at Note the headline on which the comment is made and tell us the profile name of the user who made the comment. Remember, comment moderation is subjective. You may find some material objectionable that we won't and vice versa.

If you submit a comment, the user name of your account will appear along with it. Users cannot remove their own comments once they have submitted them.

No comments:

Post a Comment