August 2nd, 2008
CBS Slams Payday Loan 'Traps'Business Media Institute, VA - Jul 29, 2008“What happens without the option of taking out a payday loan?” Medsker asked. “Does someone, is it better off if they bounce a check?” But bouncing a check, …
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August 2nd, 2008
HALIFAX, July 31 /CNW/ - Today’s decision by the Nova Scotia Utility and Review Board (UARB) to cap the rates on payday loans will ensure a competitive lending industry which will protect consumers, said Canadian Payday Loan Association (CPLA Read More
Consumers in Nova Scotia aren’t about to see a big change in the price of taking out payday loans. The Nova Scotia Utility and Review Board has decided to let competition in the marketplace keep the costs of loans in check and on Thursday set the Read More
Casa Grande City Council members Mary Kortsen and Ralph Varela believe payday loan businesses prey on the poor - mainly single working mothers and military families - and should be limited by zoning. Casa Grande is taking the first steps toward Read More
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August 2nd, 2008
Nova Scotians aren’t about to see big changes in the cost of taking out payday loans. The Nova Scotia Utility and Review Board has decided to let the marketplace keep loan costs in check, and on Thursday set the maximum cost of borrowing at $31 per Read More
Consumers in Nova Scotia aren’t about to see a big change in the price of taking out payday loans. The Nova Scotia Utility and Review Board has decided to let competition in the marketplace keep the costs of loans in check and on Thursday set the Read More
Some bills require its immediate payment for escaping from penalties. Any delayed help from neighbors may not be of much use. For the salaried people, therefore, quick cash loans online is source of instant monetary help, with the loan deposited to Read More
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August 1st, 2008
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IT'S JUST MY OPINIONSanta Ynez Valley Journal, ca - Jul 31, 2008PayDay Loan Consumer Information reports that (in 2006) there were “about 25000 payday loan outlets in the United States and annual loan volume of at least …
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July 31st, 2008
Whether you are in need of a payday loan with a term as little as a week to tide you over, or require a bridging loan to help you in moving home, there are many short term options available from a variety of lenders. Getting a short term loan could Read More
I thought the strategic reserve was for emergencies (i.e. sudden supply disruptions or national emergency). How exactly would tapping it … read more solve anything? This plan seems to be roughly equivalent of a payday loan alleviating a problem Read More
So much for the “citizens” with this year’s batch of citizens initiatives. For most of the nine initiatives planned for the November ballot, financial backing from individual donors has been scarce. The money has flowed almost exclusively from Read More
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July 30th, 2008
TAMPA, Fla., July 28 /PRNewswire/ — CL Verify and TranDotCom today announced the renewal of their strategic partnership that will allow both companies to offer unparalleled integrated service solutions to the payday loan industry. The strategic Read More
Watchdog the OFT willcarry out a probe into expensive, short-term loans paid out to tide people over until their next payday, as part of a wide-ranging study into responsible lending. The Office of Fair Trading will soon begin a year-long study into Read More
I used to work at a payday loan company. (yes yes, immoral I know) Band members would come off the reservations, hit up every payday loan company in town, and get as many personal payday loans as possible. We couldn’t technically refuse them a loan Read More
E-Mail Story (CBS) In the current state of the economy, about 2,600 Americans a day file for bankruptcy. Others are turning to a financial quick fix called “payday loans.” They’ve now grown into a $59 billion industry. But six states - Arkansas Read More
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July 29th, 2008
Missouri voters have only one week before the Aug. 5 primaries to decide on their parties’ nominees for the November general election. The Star offers the following recommendations in area races for the Missouri General Assembly. Only contested Read More
Many in the Tulsa area strapped for cash are turning to payday loan services. The high-interest, short-term loans are the center of international debate as some say they take advantage of the poor. Let’s say you need five hundred dollars for your car Read More
The competition watchdog is investigating companies offering expensive loans to tide people over between paydays for possible irresponsible lending. The Office of Fair Trading (OFT) said it was examining so-called payday loans as part of a wider Read More
E-Mail Story (CBS) In the current state of the economy, about 2,600 Americans a day file for bankruptcy. Others are turning to a financial quick fix called “payday loans.” They’ve now grown into a $59 billion industry. But six states - Arkansas Read More
I thought the strategic reserve was for emergencies (i.e. sudden supply disruptions or national emergency). How exactly would tapping it … read more solve anything? This plan seems to be roughly equivalent of a payday loan alleviating a problem Read More
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July 28th, 2008
The Office of Fair Trading is to investigate companies that offer short-term “payday loans”, it has been reported. Debt advice groups want the Government to take action over the loans, which they say charge interest rates of up to 2,000% annually Read More
Every now and then, there comes a time when we need a loan to take care of our personal, business or financial needs. The problem becomes severe if you are not making an informed decision. Getting a loan is easy these days but getting a loan with low Read More
COMPANIES offering short-term ‘payday’ loans are being invesitgated by the Office of Fair Trading, according to reports. Debt advice groups claim the loans charge interest rates of up to 2,000% annually and are calling for the Government to take Read More
Consumers in Washington D.C. have apparently flocked to credit unions since the district outlawed payday lending last year. Payday lenders whined that lending without 300% APRs was utterly unaffordable, but credit unions are proving that it’s Read More
Stephanie Vann used to rely on payday loans to cover her rent and summer camp for her three children. She felt ashamed and kept her finances secret. But the short-term, high-interest loans seemed to be her only option. Now, if the single mother needs Read More
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July 26th, 2008
What The Payday Lenders SpentHarrisonburg Daily News Record, VA - 1 hour agoBut, some $1.3 billion in payday loans were made in 2006, double the amount in 2003, according to the State Corporation Commission. A typical loan is $500, …
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July 25th, 2008
FORT WORTH, Texas (AP) - Pawnshop operator and cash advance provider Cash America International Inc. on Thursday raised its full-year earnings guidance based on strong results for the first half of the year and expectations for continued demand for Read More
I am a State employee (Social Services) and my spouse is a teacher. When we started our careers, we knew we weren’t going to get rich, but we went into these fields because we wanted to help people. Cut our pay? Who’s going to help us when the bills Read More
STATS study questions media criticism of “predatory” payday loans. Washington - A new report by The Statistical Assessment Service (STATS) at George Mason University finds that media coverage of payday loans reflects an insufficient understanding of Read More
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