Payday Loan Company Quarterly Report

Posted February 9th, 2010 by hockeypuck89 - no comments

EZcorp is a large payday loan and pawn shop company. They just released their Q4 2009 results. A look at the numbers provides an interesting insight into the payday loan business.
Payday Loan Statistics
In the stores where they offer payday loans, EZcorp lends up to $1500. The average amount of the loans they make is $555. [...]

Read More →

Payday Loans from your Phone?

Posted February 8th, 2010 by stripes39 - no comments

Leave it to the English to come up with this one.
Apparently, there is a new service in the UK where you can actually apply for, and get approved for, a payday loan right from your phone. That’s right. A payday loan. From. Your. Phone.
The lender, Wonga, has published an iPhone application that will let users [...]

Read More →
Categories: News

The State of Colorado Seeks to Regulate Payday Loans

Posted February 5th, 2010 by Mary D - no comments

Currently, the state of Colorado has an effective APR (Annual Percentage Rate) of 521% for a payday loan amount of $250.
This and other reasons have Colorado legislators considering passing regulatory legislation on payday loan companies in 2010. Proponents of this suggest:

Once people enter this debt cycle, they often stay in it
An estimated $80 million in [...]

Read More →
Categories: Payday Loan Laws

Who Uses Payday Loans?

Posted February 5th, 2010 by Mary D - no comments

If you listen to consumer advocates, you’d think that the only people who ever use payday loans are the working poor. These poor souls walk into a payday lender, not knowing that they are like a sheep marching into a wolf’s den. Some politicians have even made their careers defending the “victims” of payday lending.
The [...]

Read More →
Categories: Payday Loans

Pawn Shop Basics

Posted February 4th, 2010 by Mary D - no comments

When you need cash, one of the options you have is to go to a pawn shop. Using a pawn shop is sometimes a better option than, let’s say, a payday loan. You may be able to get cash at a pawn shop for less in terms of fees than you would from a payday [...]

Read More →
Categories: Pawn Shops
12345...10

© Copyright 2009 Consumer Media Network All Rights Reserved