Payday loans used wisely, survey says
A study from George Washington University shows that most payday cash advance loans borrowers “use the credit intelligently.”
In fact, only a tiny fraction of payday loan users said they had trouble getting out of debt because of payday cash advance loans.
A stark contrast
Opponents of payday [...]
Georgia payday loans class action settled
Payday loans should work for all. But a recent press release from Advance America today announced that they have settled a class action lawsuit in Georgia that resolves all claims against them in connection with any payday loan transactions in that state. Operations in Georgia [...]
Advance America shutting down
Borrowers in New Hampshire will have one fewer source for payday advance loans after Advance America closes all 24 locations in the state. Last year the New Hampshire legislature passed a law that capped interest rates on payday loans at 36 percent, and that has now led [...]
President considers Senator Judd Gregg
Your online payday loan store keeps you updated on who controls the country’s cash.
President Barack Obama has not yet named who will head the United States Department of Commerce. It appears he is closer to making a decision, though. Republican Senator Judd Gregg of New Hampshire [...]
The Battle Has Ended Sadly for Payday Loans Lenders in New Hampshire.
New Hampshire’s Banking Commissioner has denied the request of payday loans lenders to charge 365% on open-ended lines of credit.
The South Carolina lender Advance America Cash Advance was fighting the the law that passed 8 day ago in New [...]
Only looking out for their bottom line?
Payday loans may be on their way out in New Hampshire, and while a new personal credit line product may step in to fill the gap for consumers who genuinely need the product, it may or may not receive approval from the FDIC. This [...]
Fighting for Survival
In the midst of a financial crisis and a failing economy, payday lenders are fighting to stay alive as local, state, and federal regulators try to cap the interest rates these lenders charge consumers for short term payday loans.
The latest in the line of persecuted payday lenders is [...]
No Competition
The face of payday loans in New Hampshire is changing, and consumers in need are in a position to reap the benefits. But Advance America is eager to point out that their new product is not payday loans, but a “Credit Line Product.” Whatever you call it, it is [...]