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 personal loans even when you have bad credit. The article recommends several

Don’t Let Lack of Capital Hold Back Your Entrepreneurial Dreams!

Traditional funding sources for small businesses typically include small business loans, venture capital, angel investors and public and private grants. Getting help from government sources, such as the Small Business Administration, might seem challenging, but President Obama signed the Small Business Jobs Act in 2010, which offers multiple ways to get the funding you need

Small Business Optimism Explodes to Highest Levels in Decades

One of the most respected barometers of business confidence has determined that optimism soared to unprecedented levels in December of 2016 based on Donald Trump’s election and his pro-business agenda. Expectations for growth are the highest that they’ve been since late 2004. The NFIB gauge jumped 7.4 points, and seven out the 10 criteria were

Loan Growth Slides Precipitously in Commercial Banking

Conflicting indicators characterize the banking industry’s prospects in the immediate future. Although consumer lending and volume of personal loans recently increased in the fourth quarter of 2016 based on the rise of marketplace lending, there’s been an abrupt decline in commercial lending. Many analysts believe that a healthy commercial loan industry is critical to global

Personal Loan Options Expand with New Mobile Apps

There are a steadily increasing number of lenders, peer-to-peer loan companies and alternative financing strategies that you can use to find a personal loan, so many consumers appreciate being able to find, manage and request loans using mobile apps. Androidapps.com and other sources now provide convenient mobile apps that take the drudgery out of requesting