Amazines Free Article Archive
www.amazines.com - Saturday, November 26, 2022
Read about the most recent changes and happenings at Amazines.com
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Google
Subscriptions Manage Ezines
CATEGORIES
 Article Archive
 Advertising (133534)
 Advice (161587)
 Affiliate Programs (34788)
 Art and Culture (73843)
 Automotive (145688)
 Blogs (75481)
 Boating (9851)
 Books (17221)
 Buddhism (4129)
 Business (1330225)
 Business News (426438)
 Business Opportunities (366494)
 Camping (10971)
 Career (72786)
 Christianity (15846)
 Collecting (11639)
 Communication (115082)
 Computers (241935)
 Construction (38959)
 Consumer (49948)
 Cooking (17079)
 Copywriting (6732)
 Crafts (18205)
 Cuisine (7549)
 Current Affairs (20308)
 Dating (45903)
 EBooks (19702)
 E-Commerce (48250)
 Education (185417)
 Electronics (83519)
 Email (6439)
 Entertainment (159838)
 Environment (28927)
 Ezine (3040)
 Ezine Publishing (5452)
 Ezine Sites (1550)
 Family & Parenting (110950)
 Fashion & Cosmetics (196563)
 Female Entrepreneurs (11852)
 Feng Shui (133)
 Finance & Investment (310578)
 Fitness (106443)
 Food & Beverages (63015)
 Free Web Resources (7939)
 Gambling (30227)
 Gardening (25194)
 Government (10513)
 Health (629958)
 Hinduism (2206)
 Hobbies (44080)
 Home Business (91593)
 Home Improvement (251164)
 Home Repair (46221)
 Humor (4718)
 Import - Export (5456)
 Insurance (45104)
 Interior Design (29600)
 International Property (3488)
 Internet (191021)
 Internet Marketing (146681)
 Investment (22859)
 Islam (1161)
 Judaism (1352)
 Law (80464)
 Link Popularity (4596)
 Manufacturing (20905)
 Marketing (99288)
 MLM (14140)
 Motivation (18233)
 Music (26999)
 New to the Internet (9497)
 Non-Profit Organizations (4048)
 Online Shopping (129730)
 Organizing (7810)
 Party Ideas (11854)
 Pets (38097)
 Poetry (2229)
 Press Release (12687)
 Public Speaking (5641)
 Publishing (7565)
 Quotes (2407)
 Real Estate (126628)
 Recreation & Leisure (95468)
 Relationships (87654)
 Research (16181)
 Sales (80347)
 Science & Technology (110283)
 Search Engines (23509)
 Self Improvement (153286)
 Seniors (6218)
 Sexuality (35999)
 Small Business (49294)
 Software (83019)
 Spiritual (23485)
 Sports (116152)
 Tax (7662)
 Telecommuting (34073)
 Travel & Tourism (308206)
 UK Property Investment (3122)
 Video Games (13382)
 Web Traffic (11773)
 Website Design (56909)
 Website Promotion (36643)
 World News (1000+)
 Writing (35840)
Author Spotlight
NOEL IRELAND

You will feel a different sort of happiness as you associate yourself with any animal, you will be a...more
JIM TURNER

Jim Turner is a USA based author of Legal issues related to estate planning, will & trust , business...more
MANMOHAN SINGH

Digital marketing professional with 8 years of experience. A good listner, Stratgist and fun loving ...more
GRAEME DIXON

About Octopus Intelligence We provide greater certainty with excellent global Commercial Compe...more
ALEN OWEN

I am an essay writer with vast experience in data analysis, PowerPoint writing and research paper ed...more


Do Cash Advance Lenders Follow The CARD Act Amendment? by Holly Petherbridge





Article Author Biography
Do Cash Advance Lenders Follow The CARD Act Amendment? by
Article Posted: 03/21/2014
Article Views: 208
Articles Written: 1161
Word Count: 576
Article Votes: 0
AddThis Social Bookmark Button

Do Cash Advance Lenders Follow The CARD Act Amendment?


 
Finance & Investment
Agree on a cash advance loan Even though many households swim in credit card debt, unemployed spouses may once again obtain new lines of credit. In 2009, creditors lost their right to approve credit cards to stay at home spouses. The CARD Act was amended that year to block creditors from issuing cards to those with limited or no income. Third party income was no longer used to support debt. The Credit Card Accountability Responsibility and Disclosure Act (CARD Act) amendment made sense. With so much debt filling the homes of Americans, why set people up to obtain more? Those will little to no income were not to have access to the debt opportunities brought on by revolving credit cards. For those spouses who stayed at home, this new rule was not appreciated. Lawmakers have again amended the rule in favor of the stay at home spouse. Card issuers will once again approve lines of credit to those spouses supported by the other, but what does these mean for cash advance loans?

Shared bank accounts give all parties access to the available cash balance. House-wives and house-husbands will have access to their own lines of credit. Creditors will rely on a spouse's income to support the payoff. It is the household's responsibility to pay the new debt efficiently. Creditors are banking on the success of the relationship and a spouse's employment for payment.

This isn't the case at all when it comes to online cash advance loans. Just because a spouse is listed on a joint bank account, it doesn't give them opportunity to apply for a cash advance. Applicants must show proof of their own direct deposited income in order to qualify. If they are relying on their spouse's paycheck, then the spouse will have to be in on the application and sign the contract too. This helps to protect the income earner from hidden loans and the direct lender from an upset spouse. Responsible direct lenders will not be part of any secret loan. If the applicant can show proof of a qualified income, the loan is based solely on that income. Approved loan amounts are based on the applicant's take-home income; no income, no loan.

There is too much that can go wrong with an online cash advance and an unaware spouse. Creditors and direct lenders are not in the same boat when it comes to lending practices. There are too many what-if scenarios to create problems on both ends. It is important that everyone involved is fully aware of all terms and conditions of a short-term loan payoff.

*Break-ups - Who is responsible for paying the debt the relationship dissolves? The name on the account is the responsible party. The risk of default is too high when the person has no income.

*Secret discovered - Too many potential problems once the secret is discovered.

Debt is a contract between borrower and lender. Both parties are responsible for their part in following the terms and conditions of the money transaction. Don't hide anything from the lender or your spouse, especially if the spouse is the bread earner of the family. Don't bring third-party money into the equation until you and your spouse are in agreement.

Spotya! Online Payday Loans promotes responsible lending and borrowing. We strive to provide some of the lowest fees in the industry. Visit Spotya! to find out more information on our company and payday loan practices.

Related Articles - CARD Act, cash advance lender, house-husband credit, house-wife credit, qualified income, spousal loans, terms and conditions,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.

 

Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
Name:
Email:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
 
Please enter the code in the image:



 Author Login 
LOGIN
Register for Author Account

 

Advertiser Login

 

ADVERTISE HERE NOW!
   Limited Time $60 Offer!
   90  Days-1.5 Million Views  

 

Great Paranormal Romance


MAX LIEW

I have a passion for graphics, photography, and website design. I worked as a graphic designer for a...more
TIM FAY

After 60-plus years of living, I am just trying to pass down some of the information that I have lea...more
WILLIAM BUCHANAN

William Buchanan has worked in the fields of marketing, advertising, and marketing research for almo...more
GENE MYERS

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
LAURA JEEVES

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
SUSAN FRIESEN

Susan Friesen, founder of the award-winning web development and digital marketing firm eVision Media...more
STEPHEN BYE

Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through the...more
ADRIAN JOELE

I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
ALEX BELSEY

I am the editor of QUAY Magazine, a B2B publication based in the South West of the UK. I am also the...more
STEVERT MCKENZIE

Stevert Mckenzie, Travel Enthusiast. ...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2022, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from wikipedia.org under the GNU FDL license