Many consumer advocates are concerned that some of the nation’s largest financial institutions have incorporated new financing options that closely resemble those of payday loans. The banks that have implemented this new form of short-term, high interest lending are Wells, Fargo, Guaranty Bank, U.S. Bank, and Fifth Third Bank. While the banks state that their [...]
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The Federal Trade Commission launched a highly successful, one of a kind investigation, which lead to the unveiling of a multi-million dollar payday loan scam that stole money from U.S. citizens. These scammers accomplished this feat by using intimidation tactics and by using threats of arrest. Steven Baker of the FTC, according to The Associated [...]
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How do you prevent from becoming in debt from payday loans? Well, there are several ways you can avoid this, but listed below are a few easy ways you can prevent payday loan debt. 1) Thoroughly read the fine print: You’d be surprised just how many people fail to read contracts they sign. They think [...]
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While you might be apt to think that in store payday loans versus online payday loans are virtually the same, they are not. In fact, both services have similarities and differences in addition to benefits and pitfalls. To learn more information about payday loan services continue reading. In Store Payday Loans- 1.) Most in store [...]
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Many people are unaware that there are certain states that do not allow payday loans. Some states even have restrictions on payday loan services, such as how many payday loans people can take out within a certain period and how much APR they are allowed to charge. Most of these rules and regulations are put [...]
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If you have a bank account, than you know the financial responsibility you have of keeping money in it. In today’s tough economical times, sometimes even keeping $50 in your checking account can be somewhat of a challenge. However, a bank account also comes in handy when you need to pay bills and just need [...]
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Since a majority of payday loans hover around 15 percent, while other lower cost loan options range from 3 to 10 percent, many people wonder why. The most logical answer is they have to make money in order to stay afloat. Think about it. In any business, the most important factor is whether your business [...]
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Unfortunately, some people who have experienced job loss or mounting medical bills find it difficult to maintain a good credit score. A good credit score means you can meet financial challenges head on and have more favorable chances of by being approved for a personal loan. On the other hand, when you have a poor [...]
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Payday loans also known as posted-dated check loans or deferred deposit loans are short-term high-rate loans that cost consumers like you a lot of money. You can use payday loans when you aren’t quite able to make rent, make a credit card payment or make your car payment; however, you should only use these types [...]
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At some time or another you will have to use some sort of cash advance system, especially if you don’t have any credit cards or know someone you can borrow money from. While it may be alright to use cash advances every so often, becoming dependant on them to help you pay bills every month [...]
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