As consumers lost their jobs and struggled to make ends meet during the COVID-19 pandemic, many have turned to payday loans and other short-term solutions, with an increase in solutions in line. This has not only allowed predatory lenders to thrive – many borrowers still face exorbitant interest rates andRead More →

WICHITA FALLS, Texas (KAUZ) — The Better Business Bureau warns of predatory payday loan companies and fraudsters who thrive among unequal laws and stolen data. Amid inflation, the COVID-19 pandemic and job losses, many consumers have turned to payday loans for short-term solutions, according to the BBB. This would haveRead More →

CONNECTICUT — The state’s banking department has reached a settlement with a consumer collection agency trying to collect payday loans that can’t be enforced in Connecticut. Connecticut-licensed consumer collection agencies cannot collect on small loans (less than $15,000) from unlicensed non-exempt lenders, including those affiliated with tribes. Small loans madeRead More →

The past few years have been difficult for many Americans. Unfortunately, trying to stretch every dollar to buy basic necessities has become the norm. Some might consider a second or third job to pay the bills. This is precisely the type of person that payday loans target. Promising quick cashRead More →

A payday lender on Wyse Road in Dartmouth on Tuesday. Photo: Zane Woodford Payday lenders will get a smaller share of Nova Scotians’ checks later this year. In a decision released Tuesday, the provincial Utilities and Review Board (UARB) lowered the maximum interest such lenders can charge from $19 onRead More →

After months of circulators collecting signatures, the deadline for initiatives to create or change state law has passed — with only one group submitting signatures for placement on the November ballot. The only submission came from Michiganders for Fair Lending according to Michigan State Department spokesperson Tracy Wimmer. Michiganders forRead More →

Country the United States of AmericaUS Virgin IslandsU.S. Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth ofCuba, Republic ofDominican RepublicHaiti, Republic ofJamaicaAfghanistanAlbania, People’s Socialist Republic ofAlgeria, People’s Democratic Republic ofAmerican SamoaAndorra, Principality ofAngola, Republic ofAnguillaAntarctica (the territory south of 60 degrees S)Antigua and BarbudaArgentina, Argentine RepublicArmeniaArubaAustralia, Commonwealth ofAustria, Republic ofAzerbaijan, RepublicRead More →

According to research experts from Qurate Research, “Global Check cashing and payday loan services Market 2022 Insights, Size, Sharing, Growth, Opportunities, Emerging Trends, Forecast to 2028.” The study is an anthology of in-depth studies covering many aspects of the global Check Cashing and Lending Services industry. salary. It is anRead More →

Milwaukee, Wisconsin- The cost of living has increased, especially with the pandemic. With pay cuts, job losses, and additional expenses, financial commitments have become common, leading individuals to seek cash advances or loans from family and friends. When finances are tight, it’s comforting to have Capitol Drive Loans, a trustedRead More →

This Check Cashing and Payday Loan Services Market The report studies the diversity and growth of the check cashing and payday loan services industry. This is an executive summary of the Check Cashing and Payday Loan Services industry highlighting its key trends, other findings, and recommendations. The report studies theRead More →

When you’re low on cash between paychecks or have an unexpected financial emergency, a payday loan can be a tempting option to help you make ends meet or access cash quickly. However, these short-term loans, which are usually due on the day of your next payday, are extremely risky. TheyRead More →

Here’s a breakdown of payday loan demographics by parental status. Parents are more likely to take out payday loans than non-parents. Parental status Percentage having used a personal loan non-relative 5% relative 8% payday loans in america The rates and terms of payday loans can vary widely by state. SomeRead More →