payday loans

Selling credit reports to payday lenders gets Teletrack fined

Subprime credit reporting agency Teletrack was fined nearly $2 million by the Federal Trade Commission for illegally selling information.

Wednesday, July 6th, 2011 by

By Peter Stone

Company offers payday loans in exchange for tattooing pets

Tasq Media is offering a new alternative to payday loans. In exchange for a short-term loan, the company will tattoo logos onto your pet.

Wednesday, July 6th, 2011 by

By Ron Ford

Pawn lenders continuing to become more high-class

Years ago, pawn lenders were seen as almost seedy. Pawn lenders have become more high-class over the past few years, however.

Monday, June 27th, 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.

CFPB considers which non-bank industries to regulate

The Consumer Financial Protection Bureau wants input into which non-bank industries it should regulate, in spite of Republican resistance.

Friday, June 24th, 2011 by

By Ron Ford

Consumers should watch for payday loan collection scams

Many debt collections are legal, but there are some fraudulent debt collection scams out there, including phony payday loan collection scams.

Wednesday, June 22nd, 2011 by

By Peter Stone

Report claims payday loan cases clog Utah courts

A recent study claims that payday loan cases are clogging up Utah courts. But payday lenders say that the report is biased and misleading.

Tuesday, June 21st, 2011 by

By Ron Ford

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.

Advantages of banking with a credit union

Discover some of the more important reasons why credit unions are a more attractive banking option than large commercial banks.

University of Wisconsin Credit Union at the corner of Mifflin and Pinckney in Madison.

Thursday, June 16th, 2011 by

By Steve Tarlow

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

Scammers target payday loan customers

Payday loan collection scams involve harassing phone calls threatening arrest and jail if victims do not pay debts -- which they do not owe.

Wednesday, June 15th, 2011 by

By Ron Ford

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.

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

Credit unions enter the payday loan business

Many credit unions are now offering short term, high interest loans similar to payday loans, and the practice is getting mixed reactions.

Friday, June 3rd, 2011 by

By Ron Ford

Loss of tax loan funding causes Jackson Hewitt bankruptcy

Jackson Hewitt, the tax preparation firm, has gone into bankruptcy protection because of loss of revenue from tax refund anticipation loans.

Wednesday, May 25th, 2011 by

By Peter Stone

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.