Industry News
Installment loan lenders thrive where payday lenders used to
Many states have tried to eliminate payday loan lenders, but it hasn’t eliminated the need for credit from non-bank sources. Some states have new installment loans stores where payday loan stores once existed as other forms of short term credit fill the void.
Virginians frequenting pawn shops and title lenders more
Many states have passed laws intended to closely regulate, if not outright eliminate, payday loan lending. However, such laws don’t eliminate the need or demand for a short term credit product. The state of Virginia passed laws several years ago capping the interest rate on payday loans, which has reduced [...]
Thursday, June 16th, 2011 by By Peter Stone
Russian ATMs know if you tell a lie
Russian banking giant Sberbank is testing lie-detecting ATMs that can help prevent consumer credit fraud.
Thursday, June 9th, 2011 by By Steve Tarlow
Sites offering peer-to-peer personal loans keep growing
Websites, such as Prosper.com and LendingClub.com, that offer peer-to-peer personal loans are starting to expand quite rapidly.
Tuesday, June 7th, 2011 by By Peter Stone
Payday Loans and How You Can Protect Your Personal Information From Identity Theft
Encryption of your data is just the basic level of protection you need to look for. You can also check to see if the page has HTTPS in the address bar when on application page.
Loss of tax loan funding causes Jackson Hewitt bankruptcy
Jackson Hewitt, the tax preparation firm, has gone into bankruptcy protection because of loss of revenue from tax refund anticipation loans.
Wednesday, May 25th, 2011 by By Peter Stone
Kiva expands P2P loans to green ideas and student loans
Microlending nonprofit Kiva is working on expanding its business to lending for environmental changes and students in third-world countries.
Friday, April 22nd, 2011 by By Mary Rice
Loss of refund loans causes mounting losses at H&R Block
H&R Block is mourning the loss of refund anticipation loans, as revenues have been declining since it had to stop offering the loans.
Wednesday, April 20th, 2011 by By Peter Stone
How People Are Taking Advantage of Installment Loans To Cover Budget Shocks Today
Budget shocks are something very common these days. Many middle class Americans have started using installment lending products to get through tough times.
First-time homebuyer tax credit: Get ready to pay
The first payment on the $7,500 first-time homebuyer tax credit from 2008 is due with the 2010 tax return for anyone who received the credit.
Friday, April 15th, 2011 by By Steve Tarlow
Student loan debt expected to hit more than $1 trillion in 2011
Student loan debt is expected to rise even faster as tuition increases and federal financial aid options dwindle.
Tuesday, April 12th, 2011 by By Thomas Hart
Federal Reserve not planning to reign in credit supply yet
Worries about inflation have caused lawmakers and financial experts to ponder whether the Federal Reserve should curb the credit supply.
Monday, April 11th, 2011 by By Peter Stone
Short Term Loans Are Available Without Credit Checks - What Does That Mean For You?
Having access to a short term loan online when every you want without credit checks is a tempting offer but what should you know before applying?
Sharia-compliant mortgage program in Minnesota ends
Despite statements that the Constitution should be used to protect religious individuals, Tim Pawlenty has ended a Sharia-compliant loan program.
Monday, March 28th, 2011 by By Mary Rice
Cost of FHA loans set to increase again
Federal Housing Administration supported loans are about to get more expensive, adding another 0.25 percent interest to all mortgage loans.
Friday, March 25th, 2011 by By Mary Rice
Mortgage rates rise despite crippled demand for housing
Mortgage interest rates are steadily climbing away from the near record lows that were recently observed, but home sales are staying low.
Thursday, March 24th, 2011 by By Peter Stone
You Are Not Supposed To Know Cash Advances Online Do Not Require Any Credit
Credit is not a factor with cash advances online. There are not credit checks so their is no hard inquiry on your record to lower your credit score.
State university tuition hikes to lead to more student debt
The cost of tuition for higher education is increasing, and state universities are likely to keep raising rates because of budget cuts.
Wednesday, March 23rd, 2011 by By Peter Stone
Consumer lending still slow to recover from recession
Though there are occasional signs of life, consumer lending, especially for housing continues to be slow to recover from the recession.
Monday, March 14th, 2011 by By Peter Stone
Applications for mortgage modifications spike with low rates
Mortgage applications have risen recently, though the spike was due to low interest rates spurring interest in mortgage modifications.
Wednesday, March 9th, 2011 by By Peter Stone
Personal Online Lending and How It Can Make or Break Your Family Budget During Hard Times
Hard times befall us all but you do not have to break your budget to pay your bills. Use personal loans responsibly to avoid penlaties and late fees.
Consumers borrowing more money but not from credit cards
A recently released Federal Reserve report indicates that more people are borrowing money, but fewer of them are doing so with credit cards.
Monday, March 7th, 2011 by By Peter Stone
Plunging interest rates make mortgages low cost loans for now
Those who can qualify for financing could make a killing in the current real estate market. Low interest rates make mortgages low cost loans.
Friday, March 4th, 2011 by By Peter Stone
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