How to Avoid Payday Loan Scams in Kansas City

Looking for a payday loan in Kansas City?  This describes how to avoid common payday loan scams in Kansas City.

Kansas City payday loans are as vulnerable as any others to scams and fraudulent lenders. But sometimes you can’t tell if a lender is reputable.  That’s where the CFSA or Community Financial Services Association of America comes in.  Most reputable payday loan lenders are members, which requires that they conform to a set of ethical, customer-friendly practices and standards.

Their bill of customer rights stipulates the following things:

  1. Every customer is entitled to courteous and professional service.
  2. Your financial privacy and personal identity will be protected both during your loan and after.
  3. Customers are allowed a full, written disclosure of every fee and all terms that deal with your payday loan.
  4. You may rescind your payday loan within one business day of receiving it, at no extra cost.
  5. If you think you have been mistreated or that the lender is in violation of the CFSA’s code of Best Practices, you have the right to file a grievance against that company if it is a member of CFSA. CFSA will then work with you and the lender to resolve the issue.
  6. Payday loans may only be collected within lawful and professional practices.
  7. After you repay your loan, you do not have to accept any further offers from the lender and are not required to accept anything more.
  8. Each lender must adhere to the laws of the state they are in and you have the right to demand  they do.

CFSA wants to ensure that customers are treated fairly by lenders.  If a lender does not follow any of these practices and guidelines, you may want to think twice before borrowing from them.

This Kansas City payday loan article described how to avoid common payday loan scams in Kansas City.

If you’re looking for a payday loan in Kansas City, contact Waldo Financial for your payday loan needs.  Call for a payday loan by dialing (816) 333-6800  or walk into the Waldo Financial office at 8437 Wornall Road, Kansas City, MO, 64114.  See a map of the Waldo Financial location.

Waldo Financial is a licensed payday loan provider in Kansas City.

KEYWORDS: payday loan Kansas City, payday loans Kansas City


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