Where People Turn for Cash Loans When Banks Turn Them Down

Since the financial meltdown of 2008, banks have made it harder for consumers to obtain cash loans unless the loan is secured by a tangible asset. Therefore, although banks are still willing to finance vehicles, homes and other large-ticket items, obtaining unsecured, small-dollar cash loans can be difficult or impossible. The natural question that often

Do Bad Credit Installment Loans Take Advantage of the Poor?

Many people often turn to alternative financial sources, including online lenders who make bad credit installment loans. Regardless of income, financial crises can arise and leave families struggling to cope with unexpected expenses. However, people with low incomes can be hit especially hard by a cash shortfall. If their credit is poor, the effects can

Fast Loans aren’t Always Good Ones: Here’s Why

Loans today enjoy a faster approval process, so it’s rarely necessary to select a lender based on advertising claims of fast loans or quick approvals. Faster approvals can encourage reckless behavior and convince normally cautious people to borrow more money than they can afford to repay. The faster the loan, the more likely there are

Easy Loans! Bad Credit OK! Have we Learned Nothing from the Last Crash?

Alternative lenders are taking up the slack for both businesses and consumers by offering easy loans, and many of these lenders are using unusual criteria to approve loans. This could result in a financial catastrophe under the right conditions. A recent article posted at Zerohedge.com made a strong case that the current market conditions are

Need to Borrow Money Just to Keep Up? Here’s Your Financial Escape Plan

When you need to borrow money–unless it’s an emergency situation–it probably indicates that you suffer from financial problems that go beyond the immediate situation. According to Pewtrusts.org, only 14 percent of today’s borrowers can truly afford to repay a short-term, high-interest loan. People are often driven to borrow money by desperation and rose-colored outlooks about

Bad Credit Loans Are Here to Stay – Despite Tighter Lending Standards

Bad credit loans seem likely to continue despite tighter lending standards and increased federal and state regulations. The debate over regulating the financial industry with tough reforms, limits on interest rates and other requirements has seesawed back and forth. Democrats created the Consumer Financial Protection Bureau to regulate the financial industry after mismanagement became apparent

How to Use No Collateral Loans to Start a Small Business

Regardless of the type of small business that you want to start, it may be possible for you to find no collateral loans that you can use to start your small business. You will need a certain amount of cash. If you have been unable to save enough to purchase the tools you will need,

Small Loans Industry Thriving, Despite Regulatory Assaults

The financial sector saw changes following the Great Recession; one such change was the shift to small loans. Borrowers are taking out small loans with bad credit at an ever-increasing rate. While this is good for the burgeoning industry, the sector’s growth is catching the eye of regulators like the Consumer Financial Protection Bureau or

Online Loans Continue to Rapidly Gain Market Share

There is a good reason online loans continue to gain market share: with millennials reaching a point in their lives when they need and are able to borrow money, modern-day lenders are being forced to change the way that they do business. According to millennials, traditional lenders are sluggish when it comes to originating and

A Cash Advance Online Saves Nine: Tips on Using One Wisely

A cash advance online is perfect for people who need to borrow a relatively small amount of money for a short time. Because they are unsecured financial products and typically needed for emergency situations, these loans generally feature high interest rates and fees. Instead of allowing a cash advance to escalate, which is likely to

Why Quick Loans Aren’t Necessarily the Best Option

Quick loans are generally short-term loans for relatively small amounts. These loans are often paid back on the borrower’s next payday, but sometimes, lenders off them as installment loans that can be paid back over a longer period. Regardless of the exact terms, most quick loans charge higher rates of interest for the convenience of

The CFPB Still Gunning for Payday Loans, Despite Trump

Many thought that the change of guard from a democratic to a republican president would cause the agency to be gutted, resulting in decreased regulations, but the CFPB is still gunning for payday loans, despite Trump being in office. After the Great Recession swept the nation, legislators were eager to avoid a repeat. To protect

Does a Cash Advance Really Qualify as “Predatory Lending”?

For millions of Americans, a cash advance can provide emergency funds to obtain medical care, keep the utilities turned on or handle a repair to the home or the family’s vehicle. Cash advances are short-term loans that are typically due in full when the borrower receives his or her next paycheck. However, in recent years,

7 Reasons Cash Advance Loans Remain Wildly Popular

Cash advance loans, which are sometimes referred to as payday loans, are short-term loans that are typically due on the borrower’s next payday. In recent years, lenders offering these loans have faced increasing criticism from the Consumer Financial Protection Bureau and other agencies, including the Federal Trade Commission. Despite the negative publicity, however, cash advance

Cash Advance Industry Faces New Scrutiny from the CFPB

In June 2016, the Consumer Financial Protection Bureau (CFPB) proposed a multitude of severe lending regulations characterized as consumer protection from payday debt traps. Citing investigative data, the CFPB steadfastly argued that cash advance and payday loans lead to consumers becoming debt-ridden and that their proposed statutes would serve to protect consumers from the so-called

Online Loans Makes Taking On Debt A Whole Lot Easier

Online loans offer astonishing convenience for getting essential cash when families really need emergency funds. Many families today live paycheck-to-paycheck, so unexpected expenses can throw up big obstacles to safety and financial security. A report from Cbsnews.com found that 38 percent of the 3,200 people surveyed admitted to living paycheck-to-paycheck. Although many of these respondents

Quick Loans May Be Tempting, But You’ll Save Money With Traditional Funding

When you are temporarily short on cash between paychecks, it is tempting to apply for quick loans online that do not require credit checks and offer easy approval processes. Having access to quick cash in less than 24 hours can help you avoid the consequences of an electricity shutoff, overdrawn checking account, expensive late fees