Wednesday, September 12, 2012

PlatinumCashAdvance.com responds to California lending citations - Sacramento Bee

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

(Photo: http://photos.prnewswire.com/prnh/20120911/LA72723)

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 http://www.platinumcashadvance.com. "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 PlatinumCashAdvance.com or call 888-861-9695.

Contact: Jason Trainor jtrainor@platinumcashadvance.com

SOURCE PlatinumCashAdvance.com

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