payday loan lenders

Installment loan lenders thrive where payday lenders used to

Many states have tried to eliminate payday loan lenders, but it hasn’t eliminated the need for credit from non-bank sources. Some states have new installment loans stores where payday loan stores once existed as other forms of short term credit fill the void.
Virginians frequenting pawn shops and title lenders more
Many states have passed laws intended to closely regulate, if not outright eliminate, payday loan lending. However, such laws don’t eliminate the need or demand for a short term credit product. The state of Virginia passed laws several years ago capping the interest rate on payday loans, which has reduced [...]

Thursday, June 16th, 2011 by

By Peter Stone

Virginia working to reduce use of payday and car title loans

The state of Virginia technically allows payday lending and car title lending, but has both products contained with legislation.

Friday, June 10th, 2011 by

By Peter Stone

Some payday lenders welcome consumer protection bureau

Many people thought the Consumer Financial Protection Bureau would regulate payday loans out of existence, but some lenders welcome scrutiny.

Tuesday, May 17th, 2011 by

By Peter Stone

Is Applying For A Payday Loan Through A Direct Lender The Best Option?

Using a lender matching service can get you cash in as little as 2 hours. Direct lenders have a very high denial rate for applications.

Study blames crime rates on payday loan lenders

A new study blames rising crime rates on payday loans and predatory lending, though the academic literature has never agreed on this idea.

Monday, May 16th, 2011 by

By Peter Stone

Payday lenders thriving despite regulatory climate

Though people are saving money more and regulatory climates are changing, payday loan lenders are continuing to thrive and expand.

Thursday, May 5th, 2011 by

By Peter Stone

Mississippi Congress stalls on payday loan legislation

The Mississippi state legislature has stalled on passing a bill that would further regulate the payday loan lending industry in the state.

Friday, January 21st, 2011 by

By Peter Stone

How Can Installment Loans Help Protect Your Credit Rating?

There are millions of people each year that ruin their credit score because they did not know they could use installment loans to pay their bills before defaulting.

Modern consumer debt levels make payday loan trap unlikely

Critics have contended that a payday loan is a debt trap. Current data on consumer debt makes payday loans look like dust in the wind...

Wednesday, November 10th, 2010 by

By Payday Loan Advocate

Gains for Dollar Financial prove demand for payday loans

Evidence, like recent corporate gains for financial service firm Dollar Financial, proves demand for services like payday loans is constant.

Monday, November 8th, 2010 by

By Payday Loan Advocate

One needs a pay day to get a payday loan

Some claim payday lenders lend to anyone regardless of income, which is odd because a person needs a payday to get a payday loan.

Sunday, November 7th, 2010 by

By Peter Stone

Do Not Fall Behind On Your Bills - See How Short Term Loans Can Help Prevent Late Fees and Penalties.

Short term loans can help you stay current on your bills by providing quick cash so you do not rack up expensive late fees and penalty charges.

A credit card ban would be better than a payday loan ban

Some people think a payday loan ban would benefit the middle class. Considering credit usage in the U.S., a credit card ban would be better.

Wednesday, November 3rd, 2010 by

By Peter Stone

Small loan lenders could hardly afford to buy elections

The small loan industry has been accused more than once of buying officials. The industry can't afford to match the largest contributors.

Tuesday, November 2nd, 2010 by

By Payday Loan Advocate

Urban blight and cash advance loans have nothing in common

People have blamed a lot of things on cash advance loans, including urban blight. That's like blaming a flat tire on having a mustache...

Friday, October 22nd, 2010 by

By Payday Loan Advocate

How To Get A Cash Advance Even With Bad Credit and Bankruptcy On Your Record

Not many people know they are still eligible for cash advances after bankruptcy or losing their credit. There are no credit checks so bad credit does not affect eligibility.