Tag Archives: payday loans

MoneyMutual Review: The Leading Payday Loan Company to Use?

And if you had an emergency today – your car broke down, you ended up in the hospital, an unexpected house repair, anything could happen. Do you have an emergency fund to help cover unexpected expenses, or will you have to rely on family, friends or, even worse, a credit card? MoneyMutual is a free resource that connects lenders with ...

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The alternative to payday loans has its own risks

Payday loans target consumers with no credit or low credit. According to industry research firm IBISWorld, the U.S. check cashing and payday lending industry is set to grow 5.1% in 2022. These high-interest loans promise quick cash until the next paycheck arrives, but they often create dangerous cycles of new loans to pay off old ones, draining finances and pushing ...

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Considering a payday loan? These alternatives will get you through a crisis

It’s no secret that we have a huge debt crisis in the United States. Americans owe lenders trillions of dollars, and that number is growing every day. People struggle to make ends meet with the funds they have before they even have to pay off their debts. And when the middle of the month arrives and they find themselves without ...

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Would you like a loan? Check out some CBN-approved payday loan offers

The Central Bank of Nigeria has facilitated loans for Nigerians through some commercial banks in the country. However, many people are unaware of this as they have been victims of various loan sharks. Instead of borrowing money from a dubious source, Nigerians, especially salaried people, can take advantage of this opportunity provided by CBN to get a loan and repay ...

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6 CBN Approved Payday Loan Sources for Nigerians and Easy Steps to Get Them

There is a general saying that the take home pay of most Nigerian workers cannot “bring them home”, hence most of them usually look for additional ways to find money to meet to their financial requirements. This has probably led to the high growth rate of loan application sites, but many have been discovered to just promise and not deliver. ...

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City considering zoning changes to steer payday loan companies away from vulnerable groups

In 2019, Shelly-Ann Allan’s bank refused to lend her the money she needed to pay for her father’s funeral, so she had to turn to a high-interest loan company. But what she didn’t take into account was the death of her stepfather shortly afterwards. She had to take out another installment loan in addition to the one that still had ...

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Writer opposes payday loan bill | Letters to the Editor

Writer opposes payday loan bill Dear Editor: Recently, I was appalled to learn of a proposed bill at the Indiana Statehouse offering a “solution” to the payday loan industry. SB 352, dubbed the supervised consumer lending bill, claims to benefit the too many struggling Hoosiers who use these predatory services. Considering that the current legally permitted interest rates for these ...

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Tired of loan sharks? Check out some CBN-approved payday loan offers

Nigerians looking for a quick influx of cash to meet their expenses have various options to purchase the best loans according to their needs from licensed commercial banks.  Rather than going to loan sharks or borrowing from bad loans application sitesthese payday loans offers can be great for you, especially if you are an employee.  Nairametrics reported that the Central ...

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Payday loan victims only have days to get the last payment

Customers who have fallen victim to unaffordable payday loans only have days to ensure they get cash back before their lender goes into administration. Cash compensation is sent to thousands of customers who have taken out loans from Money Shop, Payday Express and Payday UK customers. But watch your bank account, because if you don’t receive your payment by January ...

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Alternatives to Payday Loans: Which Option is Best for You?

When you’re short on cash, the promise of a hassle-free quick cash payday loan may seem like an attractive option. But is it your only one? The Center for Responsible Lending calls payday loans “predatory” — for good reason. The ease with which borrowers can get their hands on funds to float them to their next paycheck often takes a ...

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Everything you need to know to get a payday loan in Canada

Focus Cash Loans offers online payday loans to help you meet emergency or unexpected expenses Payday loans are designed to help people with urgent or unexpected expenses get the financing they need quickly. If you need a quick loan but don’t want to bother with your bank, payday loans online can help. A payday loan is the fastest and easiest ...

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Council approves wording of petition for vote on payday loans

A coalition that wants voters to decide how Michigan should cap interest rates on payday loans won approval on Tuesday for its sketchy wording for a petition to bring the issue to the November 2022 ballot. Members of Michiganders for Fair Lending told the Board of State Solicitors that payday loans — short-term loans with high interest rates — often ...

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Payday loan applications plummeted 52% during first UK lockdown, Cashfloat report says

LONDON, December 02, 2021–(BUSINESS WIRE)–Cashfloat.co.uk, a London-based payday loan provider, has released a report titled “Who borrowed payday loans during the coronavirus pandemic”, which analyzes payday loan applications received during the first part of the coronavirus pandemic. This press release is multimedia. See the full version here: https://www.businesswire.com/news/home/20211201005818/en/ A new report titled “Who Needed Payday Loans During the Coronavirus Pandemic” ...

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Instant Loans With Same Day Approval Online- Payday Loan’s Better Alternative

Who needs a same-day loan? Anyone in a fix who needs the fastest available cash they can get their hands on needs one. If you are such a person, a same-day loan with guaranteed no credit checks might be the best financial advice for you. Same-day loans online have become one of the fastest-growing financial instruments. However, it is still ...

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13 Apps That Loan You Money Now

Sometimes you need cash fast. I know there have been times in my life when I needed quick cash to cover an unexpected expense or get me to the next pay day. We often think of payday loans as the place to turn to for quick cash. However, that’s not always the best option. In fact, payday loans have extremely ...

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Best Online Payday Same-Day Loan Companies: Top Direct Payday Loan Lenders for Instant Cash Advance in 2021

If there’s one mistake you don’t want to make in life, it’s taking out a bad loan. Suddenly you’re in debt and stuck with bad terms. Your repayment period is unrealistic, the interest rate is sky-high, and your credit ends up in the gutter. Lucky for you, it’s a mistake you don’t have to make. We’re here to share our ...

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Top 10 Payday Loan Calculators

Reading time: 4 minutes An online loan calculator has been launched to help a borrower correctly calculate loan payments and interest payments on any type of loan. It calculates the current credit taking into account your personal loan. If you are considering taking out your personal loan for the first time, whether secured or not, it is essential for you ...

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National Payday Loan Relief Celebrates 15 Years of Transforming Lives Through Payday Loan Consolidation

OAKLAND PARK, Florida (PRWEB) 20 October 2021 National payday loan relief celebrates 15 years since they started the Payday Loan Consolidation Program. This program has helped thousands of Americans wallow in payday loan debts regain their financial freedom. Through this program, the company assumes the responsibility of settling an outstanding payday loan on behalf of the client. This allows a ...

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Could Dunlop Street Payday Loan Outlets Operate on Borrowed Time?

“Businesses, landlords and other tenants find it difficult to operate or open or do business with them present on the main street,” Coun said. Sergio Morales Cashing New Payday Loans Facing Dunlop Street in Barrie – both east and west – will be on the plate of municipal councilors Monday evening. Com. Sergio Morales has put on the agenda a ...

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Hotel and restaurant staff top list of payday loan applications during lockdown

Hotel and restaurant staff top the list of payday loan applicants during the pandemic, new industry data has revealed. Analysis of customer trends Petits-prêts.com found that staff in the hospitality and leisure industry made the most requests for short-term loans this year, with employees in this sector borrowing an average of £1,532. The stringent restrictions imposed on the hospitality industry ...

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Where can I find payday loans?

If you’re in the market for a short-term loan it is possible that you are inclined to go with payday lenders. In the end, it’s easy to sign up with a few basic details and leave with the cash you require. Payday loan lenders don’t check your credit score nor contact the credit bureaus (unless you do not pay back the loan ...

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Loan consolidation company relieving Americans of payday loan debt amid Covid-19 pandemic

Oakland Park, FL (PRWEB) August 14, 2021 Covid-19 hit the world by surprise in March 2020, and since then life has taken a dark turn. This pandemic has grabbed the world by the neck, from the loss of families and friends to the virus to job losses and business failures. With businesses closing and citizens facing pay cuts, payday loans ...

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What is a payday loan?

A payday loan is a high-cost, short-term loan for a small amount – typically $ 500 or less – that must be repaid with the borrower’s next paycheck. Payday loans only require an income and a bank account and are often granted to people who have bad or no credit. Financial experts warn against payday loans – especially if there ...

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How To Get Out Of Payday Loan Debt Now

The key is to shop around and find a loan at the most affordable rate and on the most favorable terms possible. If you are able to get a personal loan, you can significantly reduce the interest rate and the borrowing costs that you pay compared to payday loans. More of your money will be used to pay off your ...

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36% payday loan rate caps may not fully protect consumers

Several states, including Illinois and Nebraska, recently implemented restrictions capping interest rates at 36% on consumer loans, including payday loans. Proponents claim these restrictions prevent consumers from gaining the upper hand with these traditionally expensive loans, but opponents argue that these types of laws will reduce access to credit by forcing lenders to close their doors with unsustainable rates, leaving ...

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As pandemic spreads, organizations offer alternatives to payday loan cycle – FOX13 News Memphis

MEMPHIS, Tenn. – Tens of millions of people continue to struggle as the pandemic spreads and many are among the millions of Americans who are turning to payday advances to try to make ends meet. They offer quick cash, but their easy access buries debtors in a cycle that some cannot escape. MORE: FOX13 investigates: MPD’s internal affairs investigations of ...

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Illinois Adopts Hard Payday Limits As Other States Shut Down

Illinois has joined the growing number of states that have limited high-cost payday loans, but it’s taken a different path to get there: state house. Illinois Governor JB Pritzker (D) signed a law on March 23 that caps interest rates on payday loans, auto title loans and installment loans at 36%. Similar efforts in other states, most recently in the ...

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What happens when you can’t pay off a payday loan?

A default on a payday loan can result in bank overdraft charges, collection calls, damage to your credit scores, a day in court, and garnishment of your paycheck. Don’t think that it can’t happen because you only borrowed $ 300. “If you have a valid, binding legal agreement to pay off that debt, and you’re in a state where they ...

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What is the maximum you can borrow when you take out a payday loan?

If you decide on a payday loan is the best option for you, you’ll want to know how much you can borrow. The difference between using licensed or unlicensed lenders is that unlicensed lenders operate outside the parameters of the law. This is why it is important to use a trusted broker like ready now when you need money now. ...

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This Legislation Could End Illinois Payday Loan Industry | Chicago News

Kesha Warren needed a short-term cash injection of $ 1,250 to cover the salary costs of her small janitorial services business. In 2019, she took out an auto title loan, a short-term loan that uses the borrower’s vehicle as collateral. She says she has been cut off from more traditional bank loans. “No one wants to lend to someone who ...

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Londoner speaks out on agony of payday loans as campaigners call for crackdown

Breadcrumb Links Local News When Betty Morrison moved to London, she was trying to escape a payday loan that she couldn’t afford to pay off. Author of the article: Megan Stacey Release date : February 21, 2021 • February 22, 2021 • 3 minutes to read • 151 reviews Betty Morrison for an article on Megan Stacey’s payday loans in ...

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SoLo Funds is a payday loan alternative with bigger plans

Travis Holoway, CEO and co-founder of SoLo Funds, says his startup isn’t just a quick way to take out a small, short-term loan. It’s the start of something bigger. The startup, which raised $ 10 million in a Series A funding round last week, offers an app where users can lend money to each other. Borrowers typically give their lenders ...

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5 tips to break the cycle of payday loans

pathdoc / Shutterstock.com This story originally appeared on The Penny Hoarder. A payday loan can provide quick respite from unexpected expenses or a run of bad luck. But if you don’t have enough money to repay the loan on your next payday, you may need to take out another loan or transfer your balance to a new loan with interest ...

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