MyCashNow was a direct cash advance lender operated by SupportSeven LLC out of Chattanooga TN. The service and website ceased operation in August 2013 after a ruling from New York Bank regulators that the firms lending practices did not meet U.S. banking guidelines. The company owner, Carey V. Brown, claims its payday loan websites were not subject to U.S. banking regulations since they were operated overseas.
SupportSeven is contesting the ruling and intends to resume
 operations in the near future. If you previously had an account open with MyCashNow, you will need to open a new account with a different lender for the time being.
ay loan and cash advance service lenders comply with
U.S. banking regulations.
The following payday loan and cash advance services were operated by SupportSeven and have ceased operations;
- MyCashNow.com
- PayDayMax.com
- DiscountAdvances.com
If you are searching for an alternative to MyCashNow consider the following lenders. They have similar fee structures and are both direct lenders.
 |
CashNetUSA
Fixed $15 Fee Structure
|
Direct Lender
|
 |
CashCentral
Fixed $30 Fee Structure
|
Direct Lender
|
When considering a payday advance or cash advance loan you should first consider less costly emergency cash alternatives such as borrow from friends or family. Although when used properly these "no credit loans" are useful as emergency financing tools, they should never be used as part of a long term finance or budget plan. Although monkeys fly in the wizard of oz, monkeys really can't fly. And so it is with quick fix financial solutions. They seem like real alternatives, but in fact, they can't fly.
|
