Phone: (434) 315-8881. Cash-2-U Loans. 221 Church Lane, Suite B Tappahannock, VA 22560. Phone: (804) 443-1000. Cash-2-U Loans. 5151 Plank Rd.
ASIC also flagged concerns that Cash Converters had not taken can you use square for cash advance steps to verify consumers expenses in accordance with its responsible lending obligations. The regulator's deputy chairman Peter Kell said he is particularly worried about lending to welfare recipients. "ASIC is seeking to protect financially vulnerable consumers, many of whom are recipients of welfare payments, from falling victim to unsuitable payday loans," he said.
"Payday lending is a high priority area for ASIC, and we will continue to pursue lenders who do not follow their responsible lending obligations.
" The independent expert will also review Cash Converters' business operations. Consumers who had two or more small amount loans in the 90 days before taking out another small amount loan through Cash Converters' website during the period 1 July 2013 to 1 June 2016 will be contacted with information about their refund.
People are advised to lodge a complaint with the Credit and Investment Ombudsman if they believe they entered a loan contract with Cash Converters either in-store on online that was unsuitable. Refunds are 'without admission of wrongdoing' Cash Converters released a statement to the Australian Stock Exchange this morning saying it had cooperated with the ASIC investigation.
"The company has offered, and ASIC has accepted, an Enforceable Undertaking (EU) in relation to the matters investigated," it said. "In accordance with the EU, the company will remediate certain customers who applied for and were granted small amount credit contracts via the Cash Converters website in the period 1 July 2013 to 1 June 2016.
The average American spends about 49 of their income on housing and cars. Looking at this part of your budget can be overwhelming but can have a big impact on your overall financial health.
Can you downgrade in these areas or use websites like airbnb. com to turn this liability into an asset. Look at your transportation costs. Be sure to choose a used car over a new one and think about public transportation or car pooling.