Helpful Short Term Loan Links
At My Loan Advisor we like to help whenever we can by providing the most information, but as we are a mile-wide and a few inches deep. There are companies that specialize in different aspects of the short term loan industry that can help you down to the smallest detail. We think the companies below are some of the most expert resources in the industry – from state regulations, the rights of the consumers when borrowing short term loans and who to contact if you have a grievance. We invite you to visit their websites for further information if you are unable to find it here.
Small Business Administration
With at least one office in each U.S. state the SBA serves as an advocate for small businesses and entrepreneurial success. The SBA uses the “Three C’s” to strengthen and maintain the nation’s economy: capital, contracts and counseling.
Online Lenders Alliance (OLA)
The Online Lenders Alliance protects the online short term loan industry and consumers from inept lenders. By providing a Code of Conduct and Best Practices the consumers are well-educated on the product and the lenders are conducting business responsibly. The OLA is also a viable force in working with legislators and regulators to prove that the short term product is a necessity in the U.S.
Community Financial Services Association of America (CFSA)
Established in 1999 to represent vendors, lenders, suppliers and customers of the short term, small loan amount industry CFSA works with both online and brick-and-mortar aspects of the credit industry. CFSA works to educate consumers and lawmakers about the payday industry while preserving the ability of the product.