payday loans

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

January 5, 2009

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). (…)

December 23, 2008

December 19, 2008

December 18, 2008

December 15, 2008

  • Faxless Payday Loans and Banking Problems

    Faxless payday loan transactions typically involve electronic funds transfers into your bank account.  The payday lender deposits (using a system called the "ACH network") money directly into your account, and then automatically withdraws your payments from your account. (…)

December 3, 2008

November 26, 2008

November 24, 2008

  • Payday Loan Renewals

    Payday loans are short term loans. They usually have terms (or durations) of only 2 or 3 weeks. Borrowers are required to repay the whole loan amount (plus interest) at the due date. (…)

November 22, 2008

November 21, 2008

November 17, 2008

November 15, 2008

November 14, 2008

  • Military Payday Loans

    In the last several years, the Federal Government enacted laws that protect the financial interestes of the men and women who serve in the U.S. military (and their families). (…)