AAA Cash Advance Legal Disclaimer, Notices and Disclosures
Below are our listings of fees, legal disclaimers and necessarry disclosures regarding your payday loan or cash advance.
This website does not constitute an offer or solicitation to lend. AAA Cash Advance is not a lender and does not make loans or credit decisions. AAA Cash Advance provides a matching service only and is not acting as a representative, agent, or correspondent for any of the lenders we contract with. AAA Cash Advance does not control and is not responsible for the actions or inactions of any lender. AAA Cash Advance does not endorse any particular lender or loan product. You are under no obligation to use AAA Cash Advance's service to initiate contact, or apply for credit with any of the lenders. This service is not available in all States and the service availability and scope are subject to change without notice. Subject to our Privacy Policy, AAA Cash Advance will transfer your information to lenders in our program and other service providers and marketing companies with which we do business. AAA Cash Advance does not guarantee that completing an application form will result in your being matched with a lender, being offered a loan product with satisfactory rates or terms, or receiving a loan from a lender. All loan amounts and fees mentioned on this web site are approximate numbers posted here to give you an idea what the actual amounts might be. Please review your actual contract with lender for exact amounts.
Loan amounts and fees
AAA Cash Advance currently provides loans ranging from $50.00 to $255.00. The finance
charge for these loans is based on 300- 950 percent APR and the number of days
of the loan. See fees for a complete breakdown of amounts and charges for
various length loans.
Schedule of Charges
Regulation Z in Federal Law requires the full disclosure of all costs and terms
associated with any credit purchase or transaction (such as this cash advance)
and further requires that the costs associated with the transaction be expressed
as an annual percentage rate of interest or APR Below all costs, terms and rates
associated with our cash advance program are given.
The chart below represents illustrative examples of the cost of a loan to the borrower. If you
have any questions, or would like more information, please ask. Make certain the
questions that you ask are answered. Make certain you understand the term and
costs of your loan.
|
Loan |
(APR) Annual Percentage Rate |
Advance |
Total |
|||
|
7 days cycle |
14 days cycle |
21 days cycle |
31 days cycle |
|||
|
$50.00 |
920.17% |
460.08% |
306.72% |
207.78% |
$8.82 |
$58.82 |
|
$100.00 |
920.17% |
460.08% |
306.72% |
207.78% |
$17.65 |
$117.65 |
|
$150.00 |
920.17% |
460.08% |
306.72% |
207.78% |
$26.47 |
$176.47 |
|
$200.00 |
920.17% |
460.08% |
306.72% |
207.78% |
$35.29 |
$235.29 |
|
$255.00 |
920.17% |
460.08% |
306.72% |
207.78% |
$45.00 |
$300.00 |
Note: Under California state law, a borrower may not renew the loan. A borrower may enter into a new loan transaction with AAA Cash Advance at any time after a prior loan to the borrower is completed.
Promise to Pay
You promise to pay us the Amount Financed, the Finance Charge and other permitted charges according to the
Federal Truth-In-Lending Disclosures. You acknowledge and agree that you are indebted to us in the amount of the Total of Payments, and that the amounts set
forth in the Federal Truth-In-Lending Disclosures are not in dispute.
You have made promise to pay us or to our order, (per your signature, electronic or
otherwise, on original advance application of Master Agreement) in one payment
on the date indicated in the payment schedule, or if extended payment request
was submitted and processed, the total of payments on or after the next date
your cash advance comes due. You authorize us to effect this payment by one or
more ACH debits and or demand bank draft debit entries to your account of your
financial institution (bank or credit union) until this cash advance comes due.
You authorize us to effect this payment by one or more ACH debits and or demand
bank draft debit entries to your account of your (bank or credit union)
financial institution until this cash advance note is paid in full. You have
confirmed that you are not in bankruptcy proceedings, nor do you contemplate or
plan on filing bankruptcy in the future.
You promise to keep open and
maintain an adequate balance in your account to assure all payments are made to
us in a timely manner on the scheduled due date(s), until this cash advance note
is paid in full.
You understand if at anytime your account becomes
delinquent, we or our designated services will follow the Fair Debt Collection
Practices Act during attempts of repayment of your loan.
We are not a lender, please read the disclaimer above.
Outrageous Bank Fees
Great advantage of a Payday Loans is that they actually
cost less then what bank will charge you in fees. If you have a check which
might be returned because of NSF, Payday Loan or Cash Advance will help you
avoid the extremely high fees bank will charge you for returned check, plus
you will avoid getting the negative strike against you for passing a bad
check. A fast cash loan with no credit check and no faxing is a fast and
easy way to get your finances up to date. avoid the fees the bank might
charge you. Apply for a Payday Loan with AAA Cash Advance today and have the
cash you need the very next day. Everybody knows that banks have jacked up
fees on those who mismanage their checking accounts and credit cards.
Charges for late payments and exceeding your credit limit have almost
tripled in the past decade. Bounced-check fees now average close to $30 --
with some banks charging as much as $45 for an NSF (non-sufficient funds)
draft.
Getting less attention are the fees banks are imposing on their
more responsible customers who are just trying to access and manage their
accounts. For example:
ATM fees continue to rise. On average,
your bank charges you 25% more than it did six years ago for using another
bank's ATM. And the "foreign" bank adds a surcharge that's 40% higher than
it was in 1999, Bankrate.com found.
Cash advances take a bigger
bite. Getting cash from your credit card has long been expensive, but
the tab has risen sharply in recent years. A decade ago, most credit card
issuers imposed a 2% fee with a $2 minimum fee and a $10 maximum fee on cash
advances, according to CardWeb.com. Today, the fee is 3% with minimums
ranging from $5 (at most issuers) to $15 (at HSBC) and no maximums.
Stop-payment and returned-deposit fees have skyrocketed. A decade
ago, stopping payment on a check usually cost $10 or less, and you generally
didn't pay anything if a check you deposited turned out not to be good
(other than bounced-check fees if you subsequently wrote checks based on the
bad deposit). Today, the typical charge for a stop payment is $25, with one
bank, Sun Trust, nicking its customers for $32, according to Bankrate.com.
Meanwhile, many banks have instituted returned-deposit fees of $5 to $10 in
addition to the cascade of bounced-check fees you might face.
"Courtesy" services are disappearing. Fees to talk to bank tellers, in
person or on the phone, are now standard for many low-balance accounts.
Cashier's checks and money orders, once free or $1, now cost $10 and up.
Some lenders have imposed fees ranging from $5 to $15 for making payments by
phone or online.
Miscellaneous fees are rising.
Balance-transfer fees on credit cards of 3% to 4% are now commonplace, as
are 3% foreign exchange fees when you use your credit card overseas. Account
research can get pricey as well; banks and lenders may charge $5 for a copy
of an old check or $10 for an archived statement.
Get the full story from MSN MONEY
Legal Disclosures
GOVERNING LAW: The transactions related to loans will be deemed to have taken place in the offices of AAA CASH ADVANCE, Inc. and according to
the laws of the state of California, regardless of where you may be viewing or accessing this site.
Warning
Payday Loan is intended as a short-term cash flow tool. It is not designed as a solution for longer-term financial problems.
Terms and Conditions
In your Loan Agreement the words "you" or "your" mean the customer identified on front of
agreement. The words "Us," "We," and "Our" mean the Lender.
Electronic Signature/Verbal Consent
By agreeing to this application, you understand and agree to all terms and
conditions of this Agreement and by submitting the online information
application by Internet or by phone, you are applying for a cash advance
and certify that information provided by you is true and correct under
penalty of perjury. You agree that upon submission of my electronic
signature or verbal consent by phone, you are not presently involved in
or contemplating bankruptcy now or in the future. You authorize us to
verify the information in this application and hereby give the Lender
consent to obtain information on you from a consumer reporting agency or
other various means available. You understand that the Lender reserves
the right to decline an applicant at any time, with cause determined by
judgment of risk, upon completion of due diligence of applicant. In
order to process this application, you understand verification of the
information you have provided is necessary, including, but not limited
to, employment and bank account verification. You accept personal
responsibility for safeguarding any PIN or CUSTOMER NUMBER that might be
assigned to you.
Assignment
We hereby reserve all rights and power to assign any of our interests in
the Agreement to any successor, assignor or purchaser for value without notice or your consent.
Definitions
All terms used herein are to be defined in accordance with codes, statutes and federal laws of the United States.
Equal Credit Opportunity Act Fair Lending Notice
Regulation B: The Federal Equal Credit Opportunity Act prohibits
creditors from discriminating against credit applicants on the basis of
race, color, religion, national origin, sex, marital status, age
(provided that the applicant has the capacity to enter into a binding
contract); because all or part of the applicant's income derives from
any public assistance program; or because the applicant has in good
faith exercised any right under the Consumer Credit Protection Act. The
federal agency that administers compliance with this law concerning the
creditor is Federal Trade Commission Equal Credit Opportunity Washington, D.C. 20580.
Loan amounts and fees
AAA CASH ADVANCE, Inc. currently provides loans ranging from $50.00 to $255.00. The finance charge for these loans is based on
300- 950 percent APR and the number of days of the loan. See fees for a complete breakdown of amounts and charges for various length loans.
Limitation of Liability
In no event will we be liable for any damages, including without limitation direct or indirect, special,
incidental, or consequential damages, losses or expenses arising in connection with this site or any linked site or use thereof or inability
to use by any party, or in connection with any failure of performance, error, omission, interruption, defect, delay in operation or
transmission, computer virus or line or system failure, even if we, or representatives thereof, are advised of the possibility of such damages, losses or expenses.
Returned transactions
In the event that any transaction, ACH or EFT debit, that you have authorized returns to AAA CASH ADVANCE, Inc for any reason: (1) you
agree to pay a returned check charge of $15.00, (2) in the event that we initiate collection activity on your account, you agree to be
responsible for collection fees, and (3) you authorize AAA CASH ADVANCE, Inc. to initiate debits to any bank accounts in your name in amounts up
to and less than the amount owed until the amount owed is paid in full.
USA Patriot Act
Pursuant to requirements of Federal law, including the USA PATRIOT Act, we may obtain information and will take necessary action to verify your identity.
By submitting the application form, I understand and agree to all terms and conditions of this Master Agreement and by
submitting the online information application by Internet, I am applying for a cash advance and certify that information provided by me is true
and correct under penalty of perjury. I agree that upon submission of my electronic signature, I am not presently involved in, nor contemplating
bankruptcy now or in the future. I authorize you to verify the information in this application and hereby give us the lender consent to
obtain information on me from a consumer reporting agency or other various means available. I understand that the Lender reserves the right
to decline an applicant at any time, with cause determined by judgment of risk, upon completion of due diligence of applicant. In order to
process this application, I understand verification of the information I have provided is necessary, including, but not limited to, proof of
residence, employment and bank account verification. I accept personal responsibility for safeguarding any PIN or CUSTOMER NUMBER that might be
assigned to me.
Privacy Policy
Our goal is to meet the needs of our customers. We respect the privacy
of our customers and we believe you have the right to expect that
information you entrust to us will be treated with appropriate
discretion. As part of our Privacy Policy, we have adopted the following
principles to serve as standards.
Maintenance of Accurate Information
AAA Cash Advance has established procedures to ensure that your financial information is accurate,
current and complete, in keeping with reasonable commercial standards.
Should you ever believe that our records contain inaccurate or
incomplete information about you, please notify us. We will investigate
your concerns and correct any inaccuracies in a timely manner.
Security Procedures to Protect Information
AAA Cash Advance is committed to the security of your financial and personal information. All of our operational and data processing systems
are in a secure environment that protects your account information from being accessed by third parties.
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otherwise specifically agreed or required by law. Nothing contained herein shall be construed as limiting or reducing cashadvancemart.com
responsibilities and obligations to customers in accordance with the cashadvancemart.com Privacy Promise for Consumers.
AAA Cash Advance is not a lender. Please read the above disclaimer
