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
How Can Your Credit Score Be Saved With Something As Simple As A Payday Loan?
Millions of people every year fall short on various bills and lose credit points. Payday loans are a no credit check option that can ease the pain.
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
Facts About Installment Loans Everyone Should Know Before Applying Online
Are installment loans online safe and secure? Is applying a big hassle with tons of hoops to jump through? We have the facts you want to know.
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.
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 use [...]
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
How To Get A Cash Advance Without Providing Collateral or Submitting To A Credit Check
Credit checks can hurt your credit score and providing collateral for a loan is an unneccessary risk which can be avoided.
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 Personal Loans Online Can Prevent Your FICO Credit Score From Going Down
Traditional loans require a credit check which puts a hard inquiry on your credit report which in many cases lowers your overall credit rating.
Consumers trust banks less than bankers think
Surveys like the Index of Bank Sentiment and Edelman Trust in U.S. Financial Services tell a tale of consumer distrust in commercial banks.
Tuesday, May 24th, 2011 by By Steve Tarlow
Payday loans on the rise in Great Britain
Payday loans in the U.K. are sharply on the rise following the May Day Bank Holiday as prices rise and wages stagnate in Great Britain.
Monday, May 23rd, 2011 by By Ron Ford
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
How To Use Short Term Loans To Get Through a Budget Crisis Wisely
Everyone finds themsevles in a budget crisis from time to time and short term loans are only the answer in some circumstances when used wisely.
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
Texas legislature passing new payday lending regulation
The Texas legislature is slowly changing regulations on payday lending with three separate bills under consideration.
Thursday, May 12th, 2011 by By Mary Rice
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