Monday, February 1, 2010

Cash Advance Engaging In Financial Fraud

Beware of the company Cash Advance that also goes by the name Advance America ( This company gives out advance payday loans, whilst holding personal checks from customers in the event one does not repay the $500-$1000 loan.

However, they have been engaging in corrupt business practices. They have been repeatedly sending in some customers checks days and weeks earlier than the agreed upon loan repayment deadlines, creating massive overdrafts in customers bank accounts.

These are serious financial crimes, which are violations of Federal and local laws. As such, the public needs to be very careful of this company, as they can end up costing you hundreds of dollars in bank overdraft fees, defeating the financial purpose they claim they are assisting you with. They are unreliable and untrustworthy.

The F.T.C. and S.E.C. would do well to watch this company, as its employees are dishonest with money and robbing the American public, via predatory penalty and overdraft fees, during a national financial crisis.