Consumers seeking to borrow money online

How to Borrow Money Online without Getting Fleeced

A recent report at Mymoneyblog.com examined some of the issues that make trying to borrow money online risky for borrowers. The primary risk seems to come from consumers who misuse online loans or make bad borrowing decisions. Many online loans are of the payday-type–short-term loans that are meant to be repaid from the borrower’s next
Obtaining quick loans requires careful thought

Five Facts About Quick Loans That Will Make You Think Twice

Payday loans and other types of bad credit quick loans have been making the mainstream news recently. Much of the news has been generated by the Consumer Financial Protection Bureau, the agency born in the aftermath of the 2008 economic crisis. Since 2010, the CFPB has become increasingly aggressive in targeting lenders who offer quick
Man contemplates unsecured loans

The 7 Deadly Truths about Unsecured Loans

There are two basic types of debt: secured and unsecured loans. As the name implies, secured debts are secured by an asset that the lender can claim if you fail to repay the debt. If you take out a mortgage or finance a new car, you have incurred a secured loan. Should you fail to
Men shake hands on fast cash deal

The Critical Role of Fast Cash in the Consumer Marketplace

Access to all types of credit, including fast cash loans, is a vital part of the consumer marketplace. Credit is an important pillar of the American economy, and according to MarketRealist.com, it plays the most critical role in a healthy economy. Consumer credit is defined as all personal debt that is not related to housing.
Couple applying for a small loans package

The Role of Small Loans in Today’s Consumer Economy

Small loans are quickly gaining influence that extends beyond their percentage of the economy. Smaller online lenders increasingly employ cutting-edge digital tools to provide their customers with faster decisions, expanded access to lending associates and greater credit options. A healthy market for small loans can stimulate business, increase the Gross Domestic Product, or GDP, and

7 Reasons Online Loans Continue to Gain Popularity

The internet has changed many ways in which people do things. Today, people go online to spend time with friends and find entertainment. Shopping is now done online as is managing personal finances and searching for an address. The internet also makes it easy for people to request loans. Here are seven reasons why online
Woman with cash loans smiling

What You Should Know About Cash Loans – Before Borrowing

Cash loans are loans in which you may be required to repay quickly. While financial experts and well-meaning friends and family will probably tell you to save money for financial emergencies, it can be tough to do in this economy. Most people request a small amount when they need cash loans, and they usually seek

Could Payday Loans Online Become a Thing of the Past?

Rate caps were all the rage a few years ago with voters in a slew of states approving caps to the interest rates for payday loans online. At the time, the industry predicted that many stores would go out of business, and they were right. According to Governing.com, about a year later, payday loan lenders

The Bad Credit Loan Market is Alive and Well

Today’s unbalanced economy has left millions of Americans with credit scores that are below average. Because of this, the bad credit loan market is alive and well. While credit scores have never been easier to access, too many borrowers fail to track or even check what their score is. In fact, a recent NerdWallet survey

When You Get a Loan, it Pays to Comparison Shop

Smart people do their research and compare prices before making any kind of purchase, or to get a loan. This includes entering into a loan agreement with a lender. When it comes to loans, term considerations are many. For instance, confirm what interest rate a lender will be charging you and whether there are fees

Does Easy Access to Quick Cash Help or Harm Borrowers?

Many economists are now questioning whether easy access to quick cash is helping or harming borrowers. Access to credit has long been accepted as an important part of building a strong financial base. However, what many people do not realize is that the types of consumer credit in use today were rarely seen before the

Five Critical Mistakes to Avoid When Using Fast Loans

In recent years, lenders offering fast loans, including payday lenders and online lenders making installment loans to borrowers with poor credit, have been under attack. The Consumer Financial Protection Bureau and other agencies have been extremely vocal about the dangers of short-term, high-cost loans. However, these types of loans can be a lifeline for the

7 Reasons why Easy Loans Should be Avoided at all Cost

Easy loans aren’t always the best financing option, and they’re almost never a wise solution when your income already doesn’t stretch far enough. The temptation to borrow increases as a direct result of how easy it is to apply and get approved for a loan. However, easy and quick loans should be avoided except in

5 Benefits of Secured Loans When Starting a Business

There are many benefits of getting a secured loan to use in your business. Business lending grows increasingly difficult to obtain in today’s economy. You have to show your business records, profit and loss statement and financial projections in a sound business plan. Your credit scores–both personal and business–affect whether your loan is approved. If

Should Loans with Poor Credit Requirements be More Regulated?

Increasing controversy surrounds the question of whether loans with poor credit should be more strictly regulated by the federal or state governments. Democrats passed the Dodd-Frank Act of 2010 to address the abuses of lenders that caused the mortgage crisis of 2008-2009. Supporters of greater regulation feel that many short-term and bad credit loans take

An Internet Connection is all you Need to Get a Loan These Days

In the past, trying to get a loan was a complicated process, one that required you to gather personal financial documents and discuss your borrowing needs with a banking expert. Because of advancements in the industry and modern technology, an internet connection is all you need to get a loan these days. Not only is