One thing that can unite politicians on both sides of the aisle are the predatory and vile practices of payday lenders. Politicians in Delaware seem to have come together to put some new restrictions on the greedy industry. Read the article and let us know if you think it’s too much or not enough!
Score one for the consumers of Minnesota! Lawmakers in the state have passed new regulations restricting predatory payday lenders. The new bill limits the amount of loans consumers can take out during a one year period. They also require lenders to better check an applicant’s credit history to protect vulnerable consumers. Read the article and let us know what you think about these new restrictions. Are they too tough? Not enough? We’d love to hear your thoughts!
Payday loans appear twice as attractive as credit unions to those in need of urgent financial help. Why could this be? Is is the offer of quick cash? Should regulators do something about this? Let us know your opinions.
Scammers are always on the look out for new ways to make a quick buck by hurting innocent people. One of the newest scams out there is to target consumers who have recently applied for an online payday loan. The scammers often pretend to be collections agents, when in reality, they are not affiliated with any agency whatsoever! The payday lending industry is shady and we can help you pull yourself out of payday loan debt. Don’t fall for telephone scammers. Click through to read the article and arm yourself against them.
The mobile apps world – sometimes they can make life easier, but that may not necessarily be a good thing. Sometimes if it’s too easy, it is probably too good to be true. And that is exactly what is happening with payday lenders. More payday lenders are offering loans via mobile apps, making it exceedingly easy to quickly jump into the cycle of payday loan debt. Do you think there should be regulations or limitations on payday lenders using mobile apps to entice vulnerable consumers? Let us know in the comments.
Some in the UK are claiming payday loans as the most harmful type of debt out there. We tend to agree! The vicious cycle they trap consumers in is sometimes impossible to get out of. Do you agree with this article’s take on the dangers of payday loans? Let us know!
Did you know that 4 out of 5 people who take out payday loans either roll them over or take out an entirely new one? They are almost impossible to get rid of! That’s where we come in! By giving us a call, we can help you break the payday loan cycle and free yourself from harassing lenders. Give us a call today and also check out the article and let us know your thoughts in the comments.