Writer opposes payday loan bill Dear Editor: Recently, I was appalled to learn of a proposed bill at the Indiana Statehouse offering a “solution” to the payday loan industry. SB 352, dubbed the supervised consumer lending bill, claims to benefit the too many struggling Hoosiers who use these predatory services.Read More →

In our daily tasks, we rely on our ability to move from one point to another. We humans have to move to survive, without movement we couldn’t get to work, buy groceries and toiletries or even go to important places. Most of this problem can be solved by getting aRead More →

By Victoria McKenzie (January 26, 2022, 8:44 PM EST) – An Illinois debtor has filed a class action proposal against a group of online tribal loan companies for allegedly issuing illegal high-interest loans , adding to a trend of similar complaints across the country that accuse unscrupulous lenders of usingRead More →

Once the loan is accepted by the credit company, the amount is immediately credited to your account. Online payday loans are received simply and in a timely manner. Online payday loans are a fantastic choice for people who have little money to meet their needs. Regardless of the name, theseRead More →

TOPEKA, (KSNT) – Kansans who pay high interest rates for payday loans could see some changes with a new bill that is being introduced. Reverend Annie Ricker, who leads Berryton United Methodist Church, is one of many members of a community activist organization called ‘Topeka Jump’ which is calling onRead More →

This press release was originally issued by SBWire Edison, New Jersey—(SBWIRE) – 01/18/2022 – The latest published study on the global rapid loans market by AMA Research assesses market size, trend and forecast to 2027. The rapid loans market study covers data from important research and proves to be aRead More →

Exclusive: Tracy Prees, 47, was £10,000 in debt at her worst two years ago after taking out overdrafts, credit cards and loans – but she has since turned her life around Tracy Prees shared her debt journey ( Image: Tracy Prees) A single mum who couldn’t afford to feed herselfRead More →

This week, Wells Fargo joined the list of big banks introducing short-term credit products — and the much smaller OneUnited Bank in Boston unveiled its own version, designed as an alternative to payday loans. OneUnited’s loan, called CashPlease, is designed to help customers of the black-owned bank with $635 millionRead More →

From the perspective of the bank from a bank’s perspective, there’s nothing worse than a bad credit score. A credit score that’s poor can lead to the bank refusing to grant the loan under favorable conditions. It’s hard to hide the negative credit history since every bank has access to the creditRead More →

Every day in New Mexico, people find themselves trapped in the cycle of high interest consumer loans – in New Mexico, that means an annual interest rate of up to 175% – unable to escape it. These installment loans and auto title loans are sometimes referred to as “payday loans”Read More →

OVER four million borrowers could be owed in cash after taking out payday and home loans. Provident Financial clients could get money back for badly sold loans, even after paying off the debt years ago. 1 Borrowers Can Get Cash Back For Unaffordable LoansCredit: Getty Home loans from Provident andRead More →

The future of the child tax credit hangs in the balance as the Biden administration struggles to pass the Build Back Better bill, which would extend the benefit until 2022. (iStock) Expanded Child Tax Credit (CTC) payments have been a lifeline for many American families during the coronavirus pandemic. TheRead More →

MIAMI – The owner of a Miami-based payday loan company defrauded hundreds of investors out of millions of dollars and paid others back with money he acquired through a Ponzi scheme, according to a newspaper article and federal regulators. Around 500 investors, including many from the Venezuelan community of SouthRead More →

LANSING, Michigan (AP) – A coalition that wants voters to decide how Michigan should cap payday loan interest rates secured approval of its summary wording on Tuesday for a petition to put the issue to the November ballot 2022. Members of Michiganders for Fair Lending told the Board of StateRead More →

Payday loans can be a debt trap for borrowers who cannot afford to make payments. Here’s how you can pay off your payday loan balance before it goes to debt collectors. (iStock) Payday lenders prey on borrowers with bad credit who are in desperate need of cash, trapping them inRead More →

When the coronavirus first threatened the health and finances of Americans, Tiffany Moore of Forest Park first approached an installment lender in hopes of financial relief. The good news: She got approval for a loan of $ 9,500 to compensate a tenant on her property who couldn’t pay rent. TheRead More →

Students are not only stressed out about the finals, but also about how they will pay for the coming semester. Tuition for the winter semester is due on December 24, and students are rushing for money just to pay it. Many parents advise against using payday loans, but a senatorRead More →

Dublin, November 22, 2021 (GLOBE NEWSWIRE) – The “Payday Loans Market Opportunity Analysis and Industry Forecast, 2021-2030” the report was added to ResearchAndMarkets.com offer. Growing youth awareness of payday loans and rapid approval of unrestricted loans is driving the growth of the global payday loan market. In addition, the presenceRead More →