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Advance Financial specializes in short-term, high-interest FLEX loans. Ace Cash Express is a payday loan and cash advance company. They also offers installment loans, check cashing and prepaid debit cards to customers in 19 states. Advance America Cash Advance is a cash advance company that was founded in 1997. Since their founding, the company has offered short term and online loans to people across the U.and the company now has 2,400 office locations.
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The FTC alleges the company also deceived borrowers who were late on payments by falsely threatening to sue them or even to have them arrested. And the lawsuit alleges that borrowers were required to sign over electronic access to their checking accounts, which under federal law cannot be a condition of a loan. This provision allows defendants to prey on vulnerable consumers by making automatic withdrawals from their bank accounts, the lawsuit alleges.
The loans are often made through a separate lead generator called MoneyMutual. com, which uses former talk-show host Montel Williams to promote its loans, sources told The Center for Public Integrity.
Latest headlines. High or Low Weight May Worsen Rheumatoid Arthritis. The investigators found that the disease advanced more quickly among those who were very obese. This was true regardless of the level of inflammation in their joints. Read Full Article. Top Stories. Related WebMD Community. Second Opinion. Message Boards.