Despite Detractors, Payday Loans are Often Helpful

Comedian Sarah Silverman performed in a skit about payday loans for “Last Week Tonight with John Oliver.” While in character, she said, “If you’re considering taking out an advance payday loan, I’d like to tell you about a great alternative. It’s called ‘Anything Else’.” This statement certainly highlights the negative feelings that people have about

Cash Advance Loans – A Technological Solution

Their is a new option that is a different kind of cash advance loan, but is it a better solution? It might be. The service offers several benefits that are tough to ignore. For many Americans, money is a little too tight while credit is becoming harder to come by. A recent survey commissioned by

Installment Loans — A Valid Alternative to Credit Cards

In an ideal world, people’s income would always greatly exceed their expenses, leaving them with a substantial savings account to handle any emergency expenditures. In real life, however, most Americans do not have savings that are sufficient to handle an unexpected financial crisis. If the refrigerator must be replaced, someone falls ill or the family

Use of Installment Loans Skyrockets – Here’s Why

  The category of installment loans covers a wide variety of both secured and unsecured loans. Secured installment loans are those that require the borrower to pledge collateral; financing a car or taking out a mortgage are examples of secured installment loans. Unsecured installment loans include personal loans, student loans and signature loans, and these

Payday Loans Online: A Convenience — or a Trap?

The Internet can be a wonderful tool that allows users to accomplish many tasks without ever leaving home. They can view weekly ads for local grocery stores, check their bank balance, communicate with family members, conduct research for a term paper or handle many other chores that were once possible only in person or over

Bad Credit Loans Ensure Financial Stability for All Lifestyles

It’s never easy to deal with financial emergencies, regardless of income or lifestyle. Payday loans are an option for everyone, but people can get even more flexibility with bad credit loans that offer installment payments. It’s easy to qualify for up to $1,000 without stressful loa forms, providing collateral or long processing delays. Instead of

Online Lenders Take the Personal Out of Personal Cash Advances

You can now borrow money through the internet, which is convenient, but online lenders take the personal out of personal cash advances. When you borrow money online, everything will be taken care of remotely through your computer or favorite internet accessing device. In fact, you may not even speak to your lender on the phone

Try These 7 Alternatives to Poor Credit Installment Loans

Money emergencies are scary situations, ones that may cause you to consider a poor credit installment loan. But are poor credit installment loans the best choice? Explore these seven alternatives first. They range from building up a savings account to getting rid of bills. Are Poor Credit Installment Loans the Way to Go? Look Into

Lenders Offering Personal Loans Online Face Regulatory Headwinds

Technology always inspires change, and one change that was brought by the internet was the ability of lenders to offer personal loans online. Instead of having to take time off from work to meet with a banker or travel to lender’s storefront, borrowers could submit a loan request from home whenever it was most convenient

Don’t Let Online Payday Advances Leave Better Options Ignored

Online payday advances are there for you in a pinch, but don’t ignore other options because they may be better for your financial well-being. If you’re in a financial emergency and in need of a loan, consider your options before entering into a borrowing agreement. Don’t let online payday advances leave better options ignored. There

Don’t Let Advance Cash Loans Wreck Your Finances

When financial emergencies strike, don’t let advance cash loans wreck your finances. If you turn to cash loan direct lenders, you could become trapped in a cycle of debt, putting your financial future at risk. Instead, take steps to protect yourself. Advance Cash Loans Can Wreck Your Finances As long as advance cash loans are

In Major Role Reversal, the Short Term Loans Industry Takes on the CFPB

Lenders who offer short term loans, including payday loans, cash advances and deferred deposits, became the subject of intense scrutiny from the Consumer Financial Protection Bureau almost as soon as the agency was officially created. Over the years, the CFPB has actively campaigned against the companies making these types of small-dollar loan products. Many of

7 Ways to Avoid Short Term Installment Loans

Short term installment loans are financial products that can bail you out of a financial emergency. But, in many cases, borrowers struggle to pay these loans back by the due date. Because of this, it may be better to steer clear of the borrowing option. Here are seven ways to avoid short term installment loans.

Should the Installment Loan Industry Be More Tightly Regulated?

When it comes to the installment loan industry, there are many opinions. Those who have good credit, access to credit cards and middle class paychecks tend to view the industry as predatory and in need of major regulation. However, people who earn low wages, have poor credit and face limited borrowing options often view the

Payday Loans and the Borrower’s FICO Credit Score

When it comes to payday loans, there are many myths and misconceptions about whether a short-term loan can help borrowers boost their credit scores to qualify for better conventional credit cards or lower-interest loans. The complete answer is complex. While some borrowers might see a slight improvement in their FICO scores after taking out a

Economic Innovation: Despite Global Economic Insecurity, Worker-owned Cooperatives Flourish

Economic volatility is a distress signal that is constantly being emitted from the global financial sector. During times of economic uncertainty, attention tends to gravitate towards businesses that thrive even in an environment marked by widespread economic turmoil. Why is a certain business sector doing so well when others are struggling to survive? This question

Why Payday Lenders Thrive in Our Economy

There has been much said about the payday lending industry as a whole. Some people feel that the industry itself is not well regulated and can be somewhat predatory. However, there is plenty of evidence to suggest that payday loans serve to fill a gap in the economy when some people are out of other