England Cracked Down on the Cash Advance Industry; the World Ended (Really)

In January 2015, Britain capped interest rates on loans issued by cash advance lenders. It did so in response to a growing concern by the Church of England and lawmakers. Their concern was about high interest rates on short-term loans. They were worried that these rates were sinking borrowers into a quicksand of debt. However,

Why Installment Loans are Here to Stay

With regulatory action heading down the pipeline for alternate lenders, companies that provide these loans must make lending changes. One such change is longer repayment terms, which is why installment loans are here to stay. The benefits of installment loans include predictable payment amounts, gaining access to funds quickly and more affordability. Lengthy Repayment Terms

Why Do Fast Loans Carry Such High Interest Rates?

Consumers who encounter a financial emergency often need fast loans to borrow money, but they typically need lenders to process their applications quickly. Cash-strapped borrowers may not have the ability to wait a week or more to receive the funds needed to repair the family car, pay for a spouse to visit a doctor or

7 Braindead Simple Methods to Raise Quick Cash (That Work)

When you find yourself in a financial pinch, it might seem impossible to generate the quick cash that you need to cover your added obligations. However, there are at least seven ways that you can put quick cash into your pocket, and each method requires just a few hours of your time. If you are

Unsecured Loans Usually Include Sky High Interest Rates

When shopping for a loan, borrowers typically have to choose between unsecured loans and secured loans. Secured loans are backed by one or more assets that the lender can seize and sell to recover at least part of the loan if the borrower defaults. Unsecured loans do not require collateral, but these types of loans

CFPB’s War on Payday Loans Appears Doomed For Defeat

Payday loans, Despite intense publicity over the past few years, payday loans might be here to stay despite the opposition of consumer groups and the Consumer Financial Protection Bureau. The agency was created by the Dodd-Frank Act to regulate the financial industry after the excesses of Wall Street and the banking industry led to the

Payday Loans Given New Lease by Pending Regulatory Reforms

With Donald Trump in the White House, payday loans could be given a new lease on life by pending regulatory reforms. The game has changed regarding regulations in a number of sectors. At the start of his presidency, Trump announced that he would do a “big number on Dodd Frank.” This was the policy change

Small Loans Come Under Heavy Fire in Alabama

Small loans and their relatively high interest rates have recently come under attack by Alabama legislators according to a report posted at Jdsupra.com. 45 members of the Alabama House of Representatives recently proposed amending the Alabama Constitution to cap loan rates for any loan product including a “consumer loan, line of credit or other financial

Poor Credit Loans Essentially a Tax on Being Broke

Being poor can be expensive, especially if the problem is compounded by a bad credit score. Should an unexpected expense arise, borrowers with a negative credit history will be unable to qualify for a traditional bank loan, arrange financing with a retailer or use a credit card to cover the expense. In many instances, there

Online Cash Advance Industry May Find Regulatory Reprieve Under Trump

The 2008 financial crisis unsettled the country and caused President Obama to request regulatory action reining in Wall Street. In 2010, legislators introduced the Dodd Frank Act to protect consumers. The act brought about ways to prevent another Lehman Brothers incident and decrease the predatory lending practices of the online cash advance industry. When President

Should Personal Loans be Used to Start a Small Business?

It is not always easy to find the money to launch a new business. Traditional business loans are normally not an option for a fledgling business; lenders prefer to make loans to companies with established records of sales and expenses. However, insufficient funding is one of the leading reasons that new businesses fail. Caught between

Japan to Begin Massive Investments in U.S. Infrastructure Projects

While campaigning, Donald Trump stated that improving the nation’s infrastructure was one of his priorities. For example, in August 2016, The New York Times reported that Trump said that he wanted infrastructure spending of at least twice the amount proposed by Hillary Clinton. Trump feels that improvements in infrastructure will boost economic stimulation while providing

Reasons for hope: The Economy is Finally Poised for Serious Growth

The election of Donald Trump sparked a deluge of drama that began long before he was inaugurated and continues through today. Media reports have been filled with debates over Trump’s candidates for cabinet posts, allegations that Russia hacked the election, questions about the Trump family’s business dealings and the new president’s phone calls with foreign

Gold Soars as Dollar Continues in Record-setting Decline

Changes in the economy are neither simple to understand nor entirely predictable. Virtually every metric that is used to evaluate the economic health of a nation can be influenced by a variation in another metric. For example, consider the price of gold. Typically, when the dollar shows a pattern of a record-setting decline, gold prices

Like it or Not, Trump Holds True to His Word on Economic Policies

During a presidential campaign, candidates make dozens or even hundreds of promises. In recent years, the American people have become increasingly cynical about campaign promises; no president in recent history has kept ever promise made during the election cycle. However, thus far, President Trump has demonstrated that he plans to remain true to his word

Trump’s Economic Policies Could Crash Markets, Economist Warns

When Donald Trump won the presidential election, most analysts were stunned. It seems that virtually no one expected Trump to actually take the election away from Hillary Clinton; she was ahead in the polls throughout most of the campaign cycle. Trump’s victory left Wall Street almost giddy as investors responded to his campaign promises of

Yes, Virginia, You Can Still Get Personal Loans with Bad Credit

Personal loans for bad credit might not be the same as a visit from Santa Claus, but getting a loan could make the difference between a happy Christmas and a disappointing one. A recent article in Reviewjournal.com provided some practical advice for getting loans even when you have bad credit. The article recommends several appealing