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Will the Sun Set on Arizona Payday Loans?
Posted December 10th, 2009 by Mary D - no comments
In 2008, voters in Arizona were asked to vote on Proposition 200. Proposition 200 was designed to not only extend the laws that allowed payday lenders to exist in the state in the first place, but to also ease some of the restrictions placed on payday lenders by the government. The proposition was rejected by [...]
Read More →Online Payday Loan Scams Rampant
Posted December 7th, 2009 by Mary D - no comments
Money is tight all around these days. While there are some signs that the recession is ending, there are still plenty of folks feeling the hit. This situation, unfortunately, leads to customers taking unnecessary risks.
One of the ways that consumers deal with immediate financial needs is with payday loans. These short-term loans give the customer [...]
Death Knell of the Payday Loan Industry?
Posted December 2nd, 2009 by Mary D - no comments
From the state of Illinois to Kimarnock, Virginia, politicians are posturing to try to put an end to the payday loan industry. Opponents argue that the businesses are predatory, and that they create more economic problems than what they solve. Consumers, however, don’t always agree with their politicians.
Take, for example, the aforementioned town of Kimarnock. [...]
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 [...]
