July 1, 2009
- The FDIC "Small Dollar Loan Program" An Update
The FDIC’s Small-Dollar Loan Pilot Program is a two-year case study designed to identify best practices in affordable small-dollar loan programs that can be replicated by other financial institutions. (…)
June 11, 2009
- Payday Loans at Banks
We've complained about overdraft fees at banks in the past, and discussed how overdraft fees are like payday loans… at banks. It's time for us to rant about overdraft fees again. (…)
May 21, 2009
- Been Denied for a Faxless Payday Loan? Here's What to Do…
Have you submitted an application for a faxless payday loan online, and then been denied the loan? It can be frustrating, especially if you need emergency cash. Here are a few tips that can help you if you find yourself in this situation.
May 5, 2009
- I Need a Payday Loan
People have always needed small, short term loans, and someone has always been willing to provide them. (…)
- I Need a Payday Loan
People have always needed small, short term loans, and someone has always been willing to provide them. (…)
May 1, 2009
- Prominent Economists Against Payday Loan Regulations
As we have discussed in previous blog posts, financial regulation is a hot topic this year. (…)
- Payday Loan Reform Bills
Regulation of financial services businesses is a big topic in the U.S., from Credit Card reform, to restrictions on the use of TARP funds…. to payday loan regulations. (…)
April 30, 2009
- Better, With or Without Payday Loans
Whenever there is a controversial subject you will get a variety of different opinions from many different people. (…)
April 29, 2009
- Understanding Payday Loans
The payday loan business is one of the fastest growing segments of the consumer financial services market in the United States. (…)
April 28, 2009
- Payday Loans and other Alternative Financial Services
The past year has been very rough on our economy, and there have been very few segments of our population that have not been affected in some way. (…)
April 26, 2009
- Payday Loans and the “Cycle of Debt”
While it is true that there is indeed a market for payday loans in the United States today, the industry does have its critics. (…)
April 25, 2009
- Frequent Payday Loan Borrowers
Payday lenders make small, very short term consumer loans through a network of storefront shops or Internet sites. (…)
April 16, 2009
- Could KIVA Provide a Payday Loan Alternative?
Kiva's mission is to connect people through lending for the sake of alleviating poverty. (…)
February 19, 2009
- Payday Loans — A Strategy to Help Pay the Bills?
With the economic environment it seems everyone knows somebody who lost their job, is losing their house or has lost their credit cards. A little known secret that I highly recommend is to act quickly and apply for a payday loan. You see it is quite simple, your bank can take away your credit card, your employer can take away your job…but you still have to survive and feed your family. The problem is that most people do not react quickly enough and do not understand how easy it is to apply for a faxless payday loan. The most important thing you need to qualify for a payday loan is to have income so hurry today and apply. Given the choice between feeding the family or not I would do anything to survive and they say the key to survival is being prepared and the key to surviving this economic crisis is to have access to credit. Be prepared, be a survivor…have the choice you deserve apply for a faxless payday loan now. All you do is simply fill out an application online and within minutes you will be notified, no hassles, no embarrassment do it from the comfort and privacy of your home.
January 9, 2009
- What do Bodybuilding, Cigars and Payday Loans Have in Common?
Answer: An Op Ed piece in the Wall Street Journal titled "Beyond Payday Lenders". See, the article was co-authored by California Gov. (…)
January 7, 2009
- Payday Loans in New Hampshire
The new Year brings us another payday loan law. The State of New Hampshire now has a payday loan law that caps the interest rate on small loans at 36 percent a year, which the industry has said will put it out of business. (…)
January 6, 2009
- Another Comparison of Overdraft Fees to Payday Loans
We have written several times about how expensive overdraft fees can be… and how they can make payday loans look inexpensive.
Here's another look at overdraft fees. It's from Mark A. (…)
January 5, 2009
- Our Love - Hate Relationship With Payday Loans
There's a great quote in the Charleston Daily Mail today (a local newspaper). The quote is from the founder of one of the largest payday lenders in the U.S. (…)
January 2, 2009
- Payday Loans in Virginia — New Law Now in Effect
The State of Virginia joined a growing list of States with new payday loan regulations with a new law that went into effect on January 1, 2009. The Virginia law is the culmination of 3 years of debate by State legislators. The law limits borrowers to one payday loan at a time, and extends the length of time borrowers have to repay each loan, effectively limiting the number of loans each borrower can receive each year. (…)
December 30, 2008
- Payday Loans in the News
As 2008 comes to a close, there have been a number of recent articles about payday loans in the news. Here's a quick summary of several items:
The Chicago Tribune ran an article discussing CashNet USA, one of the largest payday lenders in the U.S. The article discussed the explosive growth enjoyed by CashNet, and how they plan to expand over the next year. CashNet is an internet payday lender (and one of the lenders that NextDayCheck works with). (…)