Tag: Payday loan

Is it better for Consumers to get Fast Cash Online or to use Pawn Shops?

The Consumer Financial Protection Bureau (CFPB) has been proposing some new rules that may very well destroy the industry for lending companies that provide fast cash online. These lending companies, also known as payday lenders, allow their customers to get fast cash online and to pay the loan back (with loan fees included) in about…




Payday Loan Customers Know More about Short Term Loans than Voters with no Payday Loan History

What is it that makes some folks look down on the payday lending industry, alternative financial products and the companies that offer these types of loans? New data from a recent survey indicates that misrepresentations being spread around instead of facts and actual experience may be partly responsible. In fact, these very factors may we…




Federal Trade Commission Puts a Hurting on Several Shady Debt Collectors

It doesn’t get much lower than this: A debt collection representative called an 84 year old woman and notified her that they had a warrant for the woman’s daughter. Another mother was then told she would not be able to see her kids. Yet another collector is alleged to have constantly harassed consumers over outstanding…




Democrats, Republicans and the Payday Lending Industry

It might be easy to assume that the regulations on the payday lending industry are pretty clear cut between states that are controlled by Republicans or Democrats. A new study conducted by the experts at Auburn University however, seems to indicate quite the opposite. The study was completed in August of 2015 and it may…




How to be a Smarter Payday Loan Borrower

Life is an ongoing learning experience. Even the smartest people in the world don’t get things perfect the first time around. Nearly every endeavor in life takes a bit of trial and error to get right. This is especially true of financial skills. A lot of people get out of school, start working and then…




Are Big Banks Jumping on the Short Term Loan Bandwagon?

For years now, the mainstream lending industry has only been interested in offering credit and conventional loans to people who they considered prime lending candidates. This has left many folks out in the cold when it comes to getting loans. In other words, if your credit score indicated that you might be considered a subprime…




Solving A Difficult Financial Crisis

When Unexpected emergencies interfere with regular life, it may be difficult to get cash quickly. Normal channels may not be available or they may not be an appealing option. Banks are a popular choice for those who need loans, but they are not very good at getting money to people very quickly. Credit cards can…




Getting Financial Help Fast

One of the complications related to Unexpected emergencies is that a family’s budget will be completely disrupted. There will be a crucial need for cash as soon as possible. For those who are living from paycheck to paycheck, they are likely to be out of savings and out of options.  Dealing with Unexpected emergencies complicates financial…




The Benefits Of Payday Loans

In Unexpected emergencies most people need money fast and there are not many opportunities to get it. Asking an employer for an advance is not very effective as there are not many companies that will help their employees out. There are services that specialize in this exact function for a fee.  This is important for…




Make Use Of Payday Loans In Emergency Situations

Most of us have been in a situation where we needed cash quickly, to take care of an unexpected expense that we couldn’t put off until payday. Anything can cause a situation like this to arise, whether it’s unexpected car repairs, medical expenses, bills arriving late or even earlier than expected. Most of us won’t…