unsecured personal loans

How To Get Unsecured Personal Loans With Bad Credit – A Borrowers Guide

Like it or not, consumer credit is an important part of the American economy, but this was not always the case. Throughout most of the 19th century, only the wealthiest people used credit to purchase items that were not true necessities, a practice that was viewed by many as unwise or even immoral. Credit was
payday advance cash gains attention of big banks

As Advance Cash Lending Faces New Regulations, Big Banks Want In

Advance cash loans, which are sometimes called paycheck advances, have become increasingly popular since the 1990s. Most borrowers can obtain small-dollar loans with just a verifiable source of income and a checking account, and many lenders do not run credit checks or require a minimum credit score. The loans are typically due in full on

The Imminent High-Yield Debt Catastrophe

High-yield debt investments, which are often called junk bonds, are investments that typically have lower credit ratings and higher risks, but many investors choose these vehicles to receive higher yields when traditional stocks and investments are only generating modest returns. China’s economic problems and heavy investments in high-yield debt have exacerbated the problems of investors
personal installment loans a lifeline

Personal Installment Loans Often a Lifeline for Those Struggling

Personal installment loans help consumers to avoid lump-sum payments that force many borrowers to renew their loans and fall into debt traps according to a report posted at qz.com. The report examined a report by Joseph Williams. Williams praised the lifeline that payday loans offered while deploring the lump-sum repayment difficulties that can affect even

Why Short Term Loans Make Sense for the Great Unbanked

Many people are forced to use check-cashing stores to cash checks, pay bills and load cash to debit cards because they don’t have bank accounts or choose to function outside the banking system for various reasons. Many are forced to turn to short term loans because they can’t qualify for traditional loans from banks. These
elderlly taking out advance payday loans

Use of Payday Advance Loans by the Elderly is Surging

A recent California report shows an increase in the number of cash-strapped senior citizens who are seeking high-interest payday advance loans, which also may go by the name “cash advance” or “deferred deposit transaction”. Regardless of the name, these types of loans are short-term financial products, ones that involve an individual borrowing money from a
criminal elements in payday installment loans market

Payday Installment Loan Industry Rife with Crooked Players

The Consumer Financial Protection Bureau, or CFPB, was created a few years ago to protect consumers from financial abuse. Proving its tenacity, the bureau recently went after a little-understood section of short-term lending, one involving websites that make a profit by selling information about people who are shopping for online installment loans. Reuters confirms that
payday cash advance store sign

Payday Cash Advance Companies See Complaints Triple in a Year

Over the last year, complaints against payday cash advance loans have tripled. According to the annual Financial Ombudsman Service report, complaints have grown because these loans are incredibly easy to get, so more people are getting them and being affected by them. Research shows that advance cash companies have seen their complaints triple in a
Man contemplates advance payday loans

9 Payday Advance Loan Alternatives You Haven’t Thought Of (But Should)

While a payday advance loan is easy and fast to get, many people have a tough time repaying them. The reason for this is that the type of loan becomes due much faster than most borrowers expect, resulting in the person taking out another loan to cover the first. This may happen multiple times, and
short term loans in the marketplace

The Short-Term Lending Market — State of the Industry 2017

During the past few years, lenders offering short term loans have faced mounting criticism related to their products as well as their business models. New and pending regulations covering payday, cash advance, installment and other small-dollar personal loans have affected the industry in various ways. Whether lenders make these loans through a physical store or
Free markets allows for pay day loan stores

How the Free Market Can Reform the Pay Day Loan Industry

The pay day loan industry has been under attack for many years, but the latest broadside fired by the Consumer Financial Protection Bureau has the potential to sink the industry. The new regulations are so burdensome that even many credit unions and small banks say that they would lose money on small-dollar loans if forced
Cash advance lenders face pile of regulations

Finalized Advance Cash Loans Regulations More Limited in Scope

Those in the know are predicting that the Consumer Financial Protection Bureau, or CFPB, will be releasing its final advance cash loans regulation soon. These experts now believe that the finalized version will be more limited in scope than what the agency initially proposed. This news likely has the payday loan industry and cash-strapped borrowers
Lost without personal installment loans

New Installment Loan Rules Leaves Millions with Nowhere to Turn

In the next few weeks, the Consumer Financial Protection Bureau, or CFPB, will be wrapping up its payday lending rule, the one that has caused contention between lawmakers and government agencies. The bureau’s new lending rule will put limits on the kind of installment loans that many borrowers seek when they’re facing a financial problem.
payday internet loans can be risky

Beware the Risks of Payday Internet Loans

The Consumer Financial Protection Bureau, or CFPB, is currently investigating a subsect of payday loan lending, one in which websites sell information to payday lenders online about borrowers who need a quick loan. This kind of service connects lenders and borrowers. The CFPB recently discovered that one website directed borrowers into illegal and bad payday
Pay day loans face a bruising battle

Pay Day Loans Face Bruising Fight Over the Industry’s Future

New U.S. regulations are on the way, and they’re ones that could put a serious dent in the profits of the pay day loan industry. Any day now, the Consumer Financial Protection Bureau, or CFPB, is expected to propose a set of official rules that will put the payday loan industry in check. Lobbyists as

Beware the Risks of Payday Internet Loans

The Consumer Financial Protection Bureau, or CFPB, is currently investigating a subsect of payday loan lending, one in which websites sell information to payday lenders online about borrowers who need a quick loan. This kind of service connects lenders and borrowers. The CFPB recently discovered that one website directed borrowers into illegal and bad payday
Couple applies for loans with bad credit

11 Ways to Get a Loan with Bad Credit (These Work Fast)

Bad credit loans are made by lending companies that accept borrowers who’ve had a few problems in the past. These include loan defaults, slow payments, missed payments and even bankruptcies. Credit scores play a big role in how lenders look at your loan application, and a low score could get your application denied. Fortunately, many