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Payday Loans Move to the Internet
Posted December 2nd, 2009 by Mary D - no comments
A payday loan is a short-term loan, usually for a relatively small amount, that a consumer will take out in order to cover immediate or emergency expenses. Traditionally, payday loans have been provided by brick and mortar companies. Today, however, there are more and more Internet-based payday loan providers than ever before.
These loans are often [...]
FDIC Program Sets Payday Loans in Sights
Posted December 2nd, 2009 by Mary D - no comments
Increasingly, there are more and more institutions cropping up who are willing to make payday loans to low income Americans with poor or no credit scores. Many of these institutions are traditional banks, however, and not payday lenders, thanks to a program sponsored by the FDIC.
There are a large number of people in the low-income [...]
The Road To Ruin With Payday Loans (INFOGRAPHIC)
Posted November 17th, 2009 by Mary D - no comments
Taking your first payday loan puts you in the fast lane of debt. This graphic shows how your life turns to ruin when you start using payday loans.
Read More →Debtzilla – The Payday Loan Industry (INFOGRAPHIC)
Posted November 17th, 2009 by Mary D - no comments
The payday loan industry isn’t just corrupt, it is like a monster that will destroy your bank account and throw you into debt. This info graphic lays out the facts.
Read More →Lessor of Two Evils: Credit Card Cash Advance vs Payday Loan
Posted November 11th, 2009 by Mary D - no comments
If you’re in a cash crunch, two of the options that have probably occurred to you have been the payday loan or taking a cash advance on your credit card. While neither option is, obviously, ideal, both can be viable ways to address an immediate need for cash.
Before considering one of these two options, you [...]
