Payday loans are the remedy, not the malady
What ails us?
Thanks to some unreasonable and unjustified bad press, payday loans have come to be regarded in some quarters as a bad thing for consumers. Basic principles of economic science say that if we, as individuals or as a nation find ourselves in sudden monetary troubles, more often than [...]
Surviving Recession: Financial Planning with a dose of Payday Loans
The basic purpose of payday loans
There is a widespread misconception that the need for a payday loan arises out of poor financial planning. The fact remains that the best and the most meticulous of your plans can be undone when faced with tough times. As Mike Tyson once said, “Everybody [...]
Payday Loans Can Help You Beat The Credit Crunch!
What is the Credit Crunch?
Before I begin to describe how payday loans can help us during this credit crunch, let us first see what exactly a credit crunch is.
It basically means that there is no credit to be had in the market. This in turn means that the traditional lenders [...]
Late Credit Card Payments Hit Record Highs, Again
More late payments than ever this year
Are you behind on your credit card bills? You’re not the only one.
A credit rating agency says that delinquency rates on credit card payments hit record highs for the second straight month.
Season of the late payment
Fitch’s Prime Credit Card Delinquency Index keeps track of [...]
When the Going Gets Tough, the Tough Get Going
Sing along
The title of this piece was a popular song originally recorded by Billy Ocean in 1985 at Battery Studios North London. The song was written by Wayne Braithwaite, Barry Eastmond, Robert John “Mutt” Lange and Billy Ocean and is aptly named for our times.
A tough times survival course
We’re living [...]
Why It’s a Good Time to Buy a Car
Low prices, stimulus aid add up
If you are one of the few lucky Americans who is in the financial position to consider buying a car, now is a great time to do it.
Between automakers’ eagerness to bring in money and the various incentives in the economic stimulus package, you could [...]
President Obama Plans Student Loan Overhaul for 2010
No more kickbacks
Financial institutions that enjoy entitlements for lending to students may have met their Waterloo if President Obama has his way.
Kevin Drawbaugh reports for Reuters UK that the president’s 2010 federal budget includes a proposal that would completely restructure student lending as it stands. The share price of large-scale [...]
Consumer Confidence Crash | Popular Payday Loans
Payday loans and the credit crunch
Consumers don’t have confidence in much of anything nowadays, including traditional banks, which is one reason payday loans are more popular.
The Consumer Confidence Index plummeted in February to a record low. The Consumer Confidence Index has been around since 1967, and this month it hit [...]
In Credit Crunch, People Turn to Payday Loans, Microloans
Nontraditional lending more popular
Payday loans and microloans are becoming more popular as the recession and the credit crunch have made it more difficult for borrowers to secure financing.
Even individuals and businesses with good credit are being turned away by traditional lenders. Individuals are turning to payday loans more often, and [...]
Consumers with Bad Credit Turn to Payday Loans
Payday loans a reliable source for cash
During this bad credit crunch, payday loans are becoming more common as other forms of consumer borrowing are falling. It appears that borrowers are getting wise about their options and avoiding turning to shaky financial institutions.
Consumer credit going down
Consumer borrowing has fallen for the [...]
Higher-Income People Seek Quick Payday Loans, Rent-A-Centers
Quick payday loans helping more people
More middle class people are seeking quick payday loans and renting appliances instead of buying. People with steady incomes are starting to realize that traditional loans or credit cards aren’t their only options. They are also finding out that the refrigerator and washing machine don’t [...]
More Quick Payday Loans in the United Kingdom
Payday loans grow in popularity amid recession
As the United Kingdom endures a financial crisis much like the one in the United States, more people are taking out quick payday loans. The credit crunch has caused many individuals to be unable to get traditional loans. This has turned payday loans into [...]
Payday Loans can Save You in Stormy Times
I thought the financial tsunami had passed me by. I was not involved in mortgages or the stock exchange. I had a secure job. Then it hit me, sweeping me along with it. I was lucky to remember a flier I had received about payday loans.
It Took a Melt-Down to [...]
Increasing Income, Decreasing Debt | Payday Loans Blog Resolutions For 2009
Debt Resolutions For The New Year
Thank you for visiting the payday loans blog at personalmoneystore.com. With the new year just around the corner, it’s time to start thinking of your 2009 resolutions. There are no better resolutions to be made this coming year than those regarding personal finances.
Consumers across the [...]
Cash Advance Loans News Break: Credit crunch hits farmers’ overdraft rates FWI
A leading high street bank has drawn criticism from farming customers this week after it unexpectedly increased overdraft rates for some customers (see below).
Your Cash Advance Loans News Source Quoted With Edits From: Credit crunch hits farmers’ overdraft rates FWI (Farmers Weekly Interactive)
At the same time that the titanic world [...]
Many pieces go flying from mortgage implosion a payday loan might be necessary
WASHINGTON – Your taxpayer credit card is on the counter, all set to get the economy moving again. Caveat emptor – let the buyer beware. The value of the mortgage-backed securities the federal government is set to buy is hard to decipher when the good, the bad and the scary [...]
Post-merger banks likely to raise fees, a payday loan may be needed
If your bank is buying the competition or selling out to them, you may want to add “higher” and “fees” to your banking vocabulary.
Quoted With Edits From: Post-merger banks likely to raise fees (The Kansas City Star)
Mortgage crisis, credit crunch, federal bailout, bank merger, what does all this mean?
In two [...]
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