Securing a Fast Cash Loan
July 29, 2010 at 2:08 p.m.
If you have been considering getting a loan to help you out of a tight situation, but you have poor credit or you just need the money quickly, a fast cash , online faxless loan might be what you are looking for. I found some helpful information about what these loans consist of:
read full postFinancial Reform Does Not Affect Payday Lending
July 28, 2010 at 9:07 a.m.
As you may know, a financial reform bill was recently passed in Washington to help keep banks and other financial institutions on their toes and keep them from committing fraudulent and predatory practices. However, it did not specifically crack down on past problems committed by banks. It also did not directly attack payday loan lenders.
read full postPawn Shops under Attack
July 27, 2010 at 10:06 a.m.
Yesterday I reported on a story coming out of Des Moines, Iowa where lawmakers are considering the ban or reduction of payday loan lenders. Apparently, in the same city, pawn shops are also under attack. The lawmaker’s argument is that such lenders and brokers take advantage of poor and uneducated citizens. But the pawnbrokers and lenders have an argument of their own:
read full postPayday Lenders to Decrease in Des Moines
July 26, 2010 at 12:06 p.m.
With heavy legislation and consumer groups fighting against the payday loan lending industry, stores are likely to slowly shrink in numbers. In Des Moines, IA, new laws are coming in place to actually restrict the number of store per capita in the city.
read full postBaltimore Looks for Payday Loan Alternatives
July 25, 2010 at 3:10 p.m.
In Baltimore, nonprofit and other state organizations are looking for ways to help individuals stay out of as much debt as possible. Their current efforts are to reduce the number of payday loans taken out and to look for more alternatives:
read full postA New Economic Landscape
July 24, 2010 at 2:22 p.m.
What now seems like a necessity might be a luxury. At least, that is the mindset taking over America as we face a long economic recession. It appears that more and more people are buying smaller homes, smaller cars, and even reconsidering the need for things like air conditioning. This, of course, also affects cash advance and lending companies who rely on Americans to borrow money.
read full postFinancial Lawbreakers, Beware
July 23, 2010 at 1:22 p.m.
For those companies out there looking to take advantage of consumers with little money or financial background, they need to be aware. Banking departments in Pennsylvania (and, assuredly, other states) are cracking down on illegal practices in lending industries like cash advances and mortgages:
read full postRate Caps Cause Stores to Close
July 22, 2010 at 12:21 p.m.
Across the country, but particularly in Arizona, cash advance companies are struggling to survive with new regulations forcing rate caps on personal loans. Advance America, a South Carolina-based company will be closing 47 stores as a result of new legislation:
read full postPawn Brokers Sell Payday Loans
July 21, 2010 at 1:58 p.m.
H&T Pawnbroker, a company specializing in pawning customer merchandise is also selling payday loan as one of their services:
read full postConsumer Protection Bureau a Good Thing?
July 20, 2010 at 10:32 a.m.
You and I are both consumers. Over the span of our lives, we see all kinds of financial changes and we must make all kinds of choices. Making decisions about mortgages, car loans, and even payday loans is not easy. And, with unfortunate predatory lending out there, it is easy to fall into a trap by companies who try to weasel their way into our pocket books. So, as the Federal Government looks to implement a new consumer protection bureau, I want to ask—do you think it is a good thing, or should things continue as they are. Here is a brief article about what some of the things the bureau would do:
read full postStates to Receive a Cash Advance?
July 19, 2010 at 8:18 a.m.
If a U.S. state has some financial projects that will in turn pump out revenue, should they be allowed to take out a cash advance and then pay it back, much like a payday loan ? That is a proposal given by Chris Edley, as reported in the Wall Street Pit:
read full postMore Reforms in Wall Street
July 18, 2010 at 1:18 p.m.
It will be interesting to see where Wall Street ends up after all of the reforms from Washington take place. In the end, though, we will be fighting for the consumer. Several changes made by the Consumer Financial Protection Bureau (CFPB) will affect financial products from mortgages to payday loans . Here is some of what is happening:
read full postWall Street Finance Bill Changes
July 17, 2010 at 1:16 p.m.
As the country faces all kinds of reforms (on wall street and in health care, among others) we are seeing changes to a bill for finance charges that effects payday loans and other similar industries. Here are a few details:
read full postResearch First, Borrow Second
July 16, 2010 at 1:16 p.m.
We have discussed this on this blog before, but it is always important to do research about the company and the loan before taking one out in a rush situation. Because many people take out personal loans and payday loans when they are cash-strapped and in an emergency, there are, unfortunately, lenders who try to take advantage of the borrower’s misfortune. Edward McCray has some good advice about this:
read full postWill Payday Loans Disappear in Arizona?
July 15, 2010 at 9:23 a.m.
Arizona is getting a lot of attention for a recent law that went into effect on July 1. This new law has required Payday loans lenders to cap interest rates at 36 percent. Because of the nature of these loans, that is almost impossible for such lenders to stay in business.
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