October 17, 2006

Cash Advance Loan News

Advance America Announces Lending Bank’s Temporary Suspension of Payda…
PR Newswire
will temporarily suspend its payday cash advance and installment loan originations as of the close of businessaccuracy of our estimates of payday cash advance, installment loan, or credit service losses; our relationshipsother sources, such as other payday cash

CASH ADVANCES: FAST HELP OR FAST TRACK TO DEBT? CRITICS ARGUE THE SHOR…
The News & Record (Piedmont Triad, NC)
desperate for money. Payday loans, cash advances, deferred deposits - all terms formaximum, a consumer taking out a $300 loan would actually receive $255, minuspost-dated personal check and receives the cash loan. No credit background checks are conductedassociation that represents

Georgia Orders Cash In Advance to Stop Small Loans.
The Macon Telegraph (Macon, Georgia) (via Knight-Ridder/Tribune Business News)
31–MACON, Ga. — A multistate chain of payday loan and check-cashing businesses has been orderedloans in Georgia. The businesses are known as Cash In Advance or Cash N Advance and have 20 locations in Georgia, according to a news release from Georgia Insurance Commissioner

Was an employee "loan" really a taxable cash advance?(sign-on bonuses)
The Tax Adviser
initial sign-on payment in the form of a loan repaid over time from guaranteed bonusesa schedule to forgive the debt as the loan payments become due. Loan treatment is desirable for tax purposesthese approaches is whether the purported loan is really a cash advance. Determining

Advance America Announces Lending Bank is Winding-Down Loan Originatio…
PR Newswire
March 6 /PRNewswire-FirstCall/ — Advance America, Cash Advance Centers, Inc. announced today thatmarkets, processes, and services payday cash advances and installment loans in its 101 centersPennsylvania, will cease its payday cash advance and installment loan