The offers that appear on OpenCashAdvance.com are from companies from which OpenCashAdvance.com receives compensation. OpenCashAdvance.com does not make loan offers, but instead pairs potential borrowers with lenders and lending partners. We are not a lender, do not make credit decisions, broker loans, or make short-term cash loans. We also do not charge fees to potential borrowers for our services and do not represent or endorse any particular participating lender or lending partner, service, or product. Submitting a request allows us to refer you to third party lenders and lending partners and does not constitute approval for a loan.
All lenders are required to abide by certain laws. Once you sign your loan agreement and begin the repayment process, you are protected by these laws and other regulations. Questions regarding these laws should be directed to a legal professional.
The federal government has created regulations for lenders to protect against unfair practices. According to the Truth in Lending Act, details of all loan agreements must be provided in written form and must display the exact rates, fees, late fees, rollover charges, and all other details of the loan. The terms offered by the lender must conform also to all applicable state regulations based on your state of residence.
Under the Dodd-Frank Wall Street Reform Act, every lender must practice ‘fair lending.’ Lenders cannot discriminate against anyone, but must offer equitable, fair access to loans. This act also gives the Consumer Financial Protection Bureau the power to enforce these regulations.
You are also protected by the Fair Debt Collection Practice Act (FDCPA) which requires lenders to follow certain practices. This act prohibits actions including, but not limited to: