Small Business Optimism Explodes to Highest Levels in Decades

Small Business Optimism Explodes to Its Highest Level in Decades as Trump Takes Reins One of the most respected barometers of business confidence has determined that optimism soared to unprecedented levels in December of 2016 based on Donald Trump’s election and his pro-business agenda. Expectations for growth are the highest that they’ve been since late

Loan Growth Slides Precipitously in Commercial Banking

Conflicting indicators characterize the banking industry’s prospects in the immediate future. Although consumer lending and volume of personal loans recently increased in the fourth quarter of 2016 based on the rise of marketplace lending, there’s been an abrupt decline in commercial lending. Many analysts believe that a healthy commercial loan industry is critical to global

Personal Loan Options Expand with New Mobile Apps

There are a steadily increasing number of lenders, peer-to-peer loan companies and alternative financing strategies that you can use to find a personal loan, so many consumers appreciate being able to find, manage and apply for loans using mobile apps. Androidapps.com and other sources now provide convenient mobile apps that take the drudgery out of

Strong Growth in Personal Loans With P2P Lending Leading Charge

Personal loans have recently experienced a surge according to a report posted at SMH.com.au. The article cited a strong increase in applications for personal loans during the fourth quarter of 2016, which was 12.4 percent higher than during the same period in 2015. The increase was largely credited to peer-to-peer, or P2P, lending, which is

Installment Loans Gain Favor Over High Interest Short-term Counterparts

A recent Center for Financial Services Innovation and Core Innovation Capital report completed to assess the country’s financially underserved residents found that installment loans are gaining favor over their higher interest short-term counterparts. This research report offers the nation’s lenders a glimpse of the amount that financially underserved people spend on interest and fees, helping

7 Great (and Not so Great) Options for when You Need Fast Cash

A financial emergency is often a desperate situation, one full of challenges and tough decisions. Car repairs, medical bills and unpaid utilities frequently fall into this category as does an unexpected job loss or other kind of personal tragedy like a house fire. For these types of money-based financial urgencies, there are seven great, and

How to Borrow Money When Your Credit is Absolutely Shot

Most people believe that when an individual has a high credit score, then the lending world is his or her oyster, but what if your credit score is on the low side? When it comes to how to borrow money when your credit is shot, it’s easier than you think. Options range from bad credit

Better Options than Payday Loans for Bad Credit Borrowers

Cash-strapped people with poor credit scores can become desperate borrowers. In this situation, those in need of money may turn to any source for funds including short-term lenders, but when it comes to payday loans for bad credit borrowers, are there other options? For many, there may be. In fact, cash-strapped borrowers may have more

American Student Loan Debt Increasing to Catastrophic Proportions

In recent decades, the idea became prevalent that a college degree was the only way to guarantee a good job, financial security and the ability to participate in all of the aspects of the American dream, including home ownership. During the same period, skyrocketing tuition costs made it extremely difficult for students to pay for

Nebraska Joins States Going After the Cash Advance Industry

In Nebraska, the cash advance industry is a thriving one. Companies that lend funds under cash advance terms have been charging excessively high interest rates and operating with few regulations. However, Nebraska is joining states that are going after the cash advance industry. Nebraska Becomes a Team Player by Targeting the Cash Advance Industry To

Bad Credit Personal Loans Remain a Valid Option for Debt Consolidation

While the financial industry expressed a great deal of concern about the Federal Reserve’s rate hike, so far, the quarter-point interest rate increase has yet to affect personal loan rates in any significant way. Because of this, bad credit personal loans remain a valid option for debt consolidation. Dan Matysik, the vice president of personal

New Mexico’s Legislators Attack Payday Loans – But Can They Succeed?

For years, New Mexico’s lawmakers have struggled with the problem of payday loans. While some legislators would prefer to decrease regulation, payday lending often traps the state’s borrowers in a cycle of debt. Because of this, a number of New Mexico legislators are attacking payday loans, but can they succeed? Maybe they can if they’re

When You Default on a Payday Loan, Very Bad Things Happen

While defaulting on traditional loans can have lasting consequences, the fallout usually pales in comparison to what can happen when you fail to repay a payday loan. When you default on a payday loan, very bad things happen. Things like being required to spend a day in court, having your wages garnished and negative reports

Installment Loans Command Growing Market Share for Small Dollar Loans

To keep their finger on the pulse of the financial wellbeing of everyday Americans, organizations like the Center for Financial Services Innovation, or CFSI, completes money-based studies and surveys. A recent assessment found that underserved American consumers paid an estimated $141 billion in interest and fees during 2015. These fees were generated from $1.6 trillion

Cash Advance Industry May Find Relief Under New Administration

Once the Trump administration gets its hands on the Consumer Financial Protection Bureau, or CFPB, small-dollar lenders are sure to enjoy a lot less scrutiny. The cash advance industry may find relief under the new administration since Trump’s people are sure to overhaul the country’s consumer watchdog agencies. A Business-Friendly Administration may Give the Cash

The States are Already Capping Payday Loan Fees – Is Federal Oversight Necessary?

Federal oversight of banking laws and lending practices has become redundant and unnecessary because many states are already capping payday loan fees and interest rates. The federal government’s high-profile campaign against the payday lending industry, which has been spearheaded by the Consumer Financial Protection Bureau, amounts to overkill according to many critics of the agency.

Utah Joins Growing Number of States Targeting the Payday Loan Industry

Utah residents are joining a number of states that are targeting the payday loan industry with new regulations. A recent report from the Utah Department of Financial Institutions suggested that the interest rates for payday loans recently dropped from a high of 482 percent to 459 percent according to a report posted at KUTV.com. Utah