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California regulator: lenders move away from low-value loans to high-interest installment loans
According to the state banking regulator, California non-bank consumer lenders are moving away from small dollar short-term payday loans and instead opting for long-term loans with amounts greater than $ 2,500 to avoid bankruptcy.…
Does a company benefit from installment loans?
There are a variety of reasons companies will require additional capital or funds. To stay at the top of the marketplace an owner of a business must be ready to make investments. But, small-sized firms and startups typically struggle to…
CFPB removes some consumer protections for payday loans
Federal regulators have finalized a new rule for payday lenders that removes a key provision developed under the Obama administration. Under the revised rule, lenders will no longer have to…
We meet a former NASA space engineer who launched a platform to fight unethical payday loans
No, it doesn't take a rocket scientist to launch a peer-to-peer lending platform. But let's take a minute to consider what such a venture would look like if a rocket scientist decided to do such a thing.
Space engineer Cue…
Alternatives to payday loans
Payday loan companies are also criticized for renewing loans multiple times, costing borrowers significantly more in interest charges. The government, as well as consumers and financial organizations, have expressed concern that loans…
Goodbye, payday loans; Hello, useful tech startups and other options for “borrowers in…
Generic imageiStockToday in America, millions of consumers are considered “distressed borrowers”. These are the people who cannot qualify for a credit card, get a mortgage to buy a house, or take out an affordable personal loan to cover…
Payday Loans Granted “To Those Under 18 And Drunken At The Time” | London Evening…
Plenders do not act responsibly and harass people for money, a debt counseling charity warned today, with evidence suggesting operators were "out of control."Citizens Advice said it has seen cases in recent months including payday loans…
Martin Lewis: Money Saving Expert On How To Recover Payday Loans
Today Martin gave viewers an urgent warning about payday loans and explained what to do if you've been sold poorly.The expert explained to viewers how to check if it is affecting them and how to get it back if it is.He said, “Paying off…
Money Saving Expert Martin Lewis Reveals How To Recover Thousands Of Mis-Sold Payday Loans
Martin Lewis has revealed how to recover thousands of poorly sold payday loans. The money saving expert has appeared on This Morning to urge viewers not to wait when it comes to checking to see if you've been mis-sold for a payday!-->…