Payday Loans and Bankruptcy in Canada: No Clear Correlation
Manitoba University Study Unintentionally Dispels Numerous Myths
Human Ecology professors Ruth Berry and Karen Duncan of the University of Manitoba appear to have been ready to point the accusing finger at payday loans in Canada. Given supporting data, it appears they would have been happy to report that payday loans and [...]
Payday Loans on Upswing as Six Flags Parks File Bankruptcy
Six Flags amusement parks file for bankruptcy
Many people rely on nontraditional loans like payday loans, installment loans, and cash advances to make ends meet. Although there are some signs that the economy has reached its low and should be on an upswing shortly, many businesses are still in distress. The [...]
What’s the Best Way to Protect Consumers in Need of Debt Relief?
Should Courts or Executive Branch Agencies Have Final Say?
The recession has forced America to face some of its most deep-seated systematic financial troubles. One thing that has become clear is that unscrupulous mortgage lenders and credit card agencies have dined for far too long upon consumers who largely didn’t understand [...]
Effects of Recession Aren’t All Negative
Coping with Unemployment
Millions of people around the world have fallen victim to the current recession. Business houses with international reputations have filed for bankruptcy and employees who were confident of their job security have been dismissed. While the experience of unemployment is common, the reactions of the unemployed vary widely. [...]
Installment Loans and How They Operate
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Installment loans
If you are one of the many people who are experiencing an unexpected financial emergency, an installment loan maybe just the right thing for you. Installment loans are a simple way to get cash on hand quickly. What exactly is an installment loan? It [...]
Franchise Owners Face Parent Company Bankruptcy
Franchisees left companyless
People say recession sparks innovation, creativity, responsibility, and all other sorts of optimistic-sounding things. It also causes failure, collapse, bankruptcy and all other sorts of apocalyptic-sounding things.
It also causes complications, such as leaving franchise owners to figure out how to deal when their parent company goes bankrupt. Sometimes [...]
The Case for Walking Away
Bankruptcy goes hand-in-hand with unemployment and foreclosure
Today the government announced unemployment figures for June that are much worse than expected. Employers cut 467,000 jobs and the unemployment rate rose to 9.5%, the worst since 1983. Unemployment is a lagging indicator, so even after the economy begins to improve, the jobless [...]
Installment Loans May Be the Answer in a Struggling Economy
The Auto Industry
Installment loans are remaining staples in budgeting as the economy struggles. One indicator of how the economy is doing can be seen by watching the auto industry. On average, Americans purchased 16 million cars yearly for the past decade. In 2009 the projection is that only 10 million [...]
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How to Get Debt Collectors off Your Back
It’s a heyday for debt collectors
You probably won’t be surprised to hear that more complaints are lodged against debt collectors than any other kind of business. But the actual number of complaints filed may give you pause: according to the Federal Trade Commission, 78,838 people made formal complaints about debt [...]
Saturn, Penske Automotive Group Reach Deal as GM Agrees to Sell
Penske Automotive Group steps up
General Motors will sell Saturn to Penske Automotive Group, according to news reports. The deal is tentative so far, but Roger Penske of Penske Automotive Group has agreed to buy the struggling Saturn brand from bankrupt GM.
GM dealerships across the country are offering historically cheap loans [...]
Chrysler Dealerships Closing by the Hundreds | See the List
A quarter of Chrysler dealerships closing
United States automaker Chrysler says it will close 789 of its U.S. dealerships, which adds up to about a quarter of its total dealerships.
According to the Washington Post, Chrysler has 3,181 dealerships in the U.S.
Who will be hit hard
Toledo.com, a news outlet in Toledo, Ohio, [...]
The Ever-Increasing Payday Loan Dose
Type “cash advance” and click “Google Search”
A few days ago I got a $250 payday loan. Read I Saved Money with a Payday Loan and Payday Loan Payback. I didn’t like getting a payday loan, but I liked the alternatives even less. I don’t use credit cards and except [...]
When a Payday Loan Won’t Go the Distance
If you’re considering a debt-relief program. . .
Lots of people are struggling with money right now. Sometimes all it takes is a quick payday loan to clear a financial hurdle. But when you’re overwhelmed with debt, a short-term loan may only make matters worse. If you think [...]
The Fall of a Real Estate Giant
The small business
The installment loan could be the answer to a small business’ financial woes. In today’s economy everyone is feeling the cash crunch. With unemployment rates at an all time high and the housing market crashing, businesses are hard-pressed to bring in customers. Whether or not funds come in, [...]
Repair Your Credit | Bankruptcy? (Pt. 5)
Consider the consequences
You know what you’ve gotten yourself into. Your debts are very real, and it will take effort and negotiation moxie to get your finances to a better place. Now begin to “Repair Your Credit!” CLICK HERE if you missed part four of this article. If you don’t keep [...]
Payday Loan Beats Big Business Trend
Debt relief is the order of the day for big business.
Bankruptcy filings by retailers, newspapers, casinos, and racetracks have become commonplace. According to the Ottawa Citizen, filings in the first quarter of 2009 were 78 per cent higher than the same period in 2008 and three times higher than in [...]
Invest Your Money Wisely | Avoid 2008’s Top 5 Biggest Losers
Where to go for good investment advice
Previously, I wrote about the Fortune 500 companies whose stocks performed well last year. If you want to see returns on your stock investments, look into dollar stores, food wholesalers and other types of discount retail. However, this article is about which companies lost the [...]
I Can’t Pay My Student Loans
The good news: Yes, you can!
Opportunity rich, cash poor, deeply in debt
New college graduates are opportunity rich. But most are unemployed and so cash poor they can’t even get a small payday loan. Many are up to their ears in debt before opportunity begins to materialize.
But when it comes to [...]
What Should I Do? | Bankruptcy
These are tough financial times
You may be facing insurmountable debt, the danger of losing your home or car, and continual harassment from debt collectors. Your struggles may be compounded by divorce, the loss of a job, uninsured medical expenses, or a combination of unexpected events. If you are in [...]
Temporary GM Shutdown Could Be Imminent
Company plans for slow summer
As General Motors faces the possibility of bankruptcy, the company says there may be a nine-week GM shutdown starting as soon as next month.
The automaker might close down several plants for nine weeks. An overabundance of inventory plus typically slow summer sales are causing GM to [...]
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