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Online Lenders Take the Personal Out of Personal Cash Advances

You can now borrow money through the internet, which is convenient, but online lenders take the personal out of personal cash advances. When you borrow money online, everything will be taken care of remotely through your computer or favorite internet accessing device. In fact, you may not even speak to your lender on the phone

Lenders Offering Personal Loans Online Face Regulatory Headwinds

Technology always inspires change, and one change that was brought by the internet was the ability of lenders to offer personal loans online. Instead of having to take time off from work to meet with a banker or travel to lender’s storefront, borrowers could submit a loan request from home whenever it was most convenient

Don’t Let Online Payday Advances Leave Better Options Ignored

Online payday advances are there for you in a pinch, but don’t ignore other options because they may be better for your financial well-being. If you’re in a financial emergency and in need of a loan, consider your options before entering into a borrowing agreement. Don’t let online payday advances leave better options ignored. There

Don’t Let Advance Cash Loans Wreck Your Finances

When financial emergencies strike, don’t let advance cash loans wreck your finances. If you turn to cash loan direct lenders, you could become trapped in a cycle of debt, putting your financial future at risk. Instead, take steps to protect yourself. Advance Cash Loans Can Wreck Your Finances As long as advance cash loans are

In Major Role Reversal, the Short Term Loans Industry Takes on the CFPB

Lenders who offer short term loans, including payday loans, cash advances and deferred deposits, became the subject of intense scrutiny from the Consumer Financial Protection Bureau almost as soon as the agency was officially created. Over the years, the CFPB has actively campaigned against the companies making these types of small-dollar loan products. Many of

Should the Installment Loan Industry Be More Tightly Regulated?

When it comes to the installment loan industry, there are many opinions. Those who have good credit, access to credit cards and middle class paychecks tend to view the industry as predatory and in need of major regulation. However, people who earn low wages, have poor credit and face limited borrowing options often view the

Payday Loans and the Borrower’s FICO Credit Score

When it comes to payday loans, there are many myths and misconceptions about whether a short-term loan can help borrowers boost their credit scores to qualify for better conventional credit cards or lower-interest loans. The complete answer is complex. While some borrowers might see a slight improvement in their FICO scores after taking out a

Economic Innovation: Despite Global Economic Insecurity, Worker-owned Cooperatives Flourish

Economic volatility is a distress signal that is constantly being emitted from the global financial sector. During times of economic uncertainty, attention tends to gravitate towards businesses that thrive even in an environment marked by widespread economic turmoil. Why is a certain business sector doing so well when others are struggling to survive? This question

Questioning the Payday Loan Industry’s Annual Percentage Rates and Fees

Lender matching services like Personal Money Store and lenders that offer payday loans online and in storefronts advertise small, short-term loans as a quick fix to temporary financial difficulties. After a short request procedure, approved consumers are able to receive the money inside of the store within a few hours or have it deposited into
the european flag flying, blue field with a circle of gold stars

European debt crisis poised to weaken U.S. economic recovery

Europe’s debt crisis is endangering U.S. economic recovery in the era of globalization. The Euro hit a new four-year low against the dollar Monday. Greece, Spain, Portugal, Italy and Ireland are dragging down the European Union faster than a recent pledge of nearly $1 trillion dollars in bailout money can prop the alliance up. Britain’s

An Overview of Online Payday Lending Industry Customers

There is hardly any category of the finance industry that has not carved out a niche for itself on the Internet. This especially holds true for the payday lending industry, which has come a long way from being an add-on service at check-cashing establishments and has continued to perform well during the recent recession. In

The Negative Repercussions of a Payday Loan Ban

Let’s say certain consumer advocate groups got their way; what would the effects of a payday loan ban be? Certain demographics would lack access to credit (though some assert harmful credit), or would use potentially worse forms, among other potential effects. First effects of payday loan ban are denying supply, not demand The primary effects
short term loans street sign

Short Term Loan Lenders Fear Impact of Pending Regulations

When the Consumer Financial Protection Bureau issued its first draft of the new regulations proposed for short term loan lenders in 2015, there was an immediate outcry. Payday lenders and others making short term loans claimed that the restrictive rules would either force them out of business or leave them with no choice other than
Personal loans paperwork

The Role of Small Personal Loans in a Debt-Based Economy

Small personal loans are debts that individuals incur for a variety of reasons. The loan proceeds, which are typically less than $3,000, can be used for almost any legitimate purpose. For example, borrowers may use the loans to pay medical bills, redecorate a home, pay for a vacation, cover car repairs or pay off a

The Advance Payday Loan Market Is Shrinking. Here’s What’s Taking Its Place:

A flurry of recent articles suggests that the payday loan market is shrinking, but fortunately for people with poor or bad credit, there are new alternatives for personal and payday loans. Although many brick-and-mortar stores have been forced to closed, we can still help you find loans online. We offer payday loans up to $1,000,
Spending money isn't always a bad thing

Don’t Lose Sleep over Money Well Spent

While society has easily embraced the pumpkin spice latte, it has been less accepting of the cost. For a while, every financial blog post about getting out of debt focused on paying it off by giving up small luxuries like lattes. Publications make it seem as though people are paying off $50,000 in debt just
Small personal loans gain popularity

Personal Installment Loans Are Crushing Their Payday Counterparts

Born from the chaos of the 2008 economic crisis and with its creation authorized by the Dodd-Frank Act, the Consumer Financial Protection Bureau has had its sights fixed on payday lenders since at least 2013. After approximately two years of research, including soliciting complaints from payday loan borrowers, the CFPB released a report proposing new