The popular alternative money solution of direct payday loan companies is often conveyed as a negative financial option. When applicants are in a hurry for emergency funds, the payday industry is looked at as a positive alternative loan. Too many folks are credit challenged and have limited access to any kind of money help. Secured loans are always an option for those who have personal property to use collateral or a guarantor to secure the loan. For those who do not own a home, own their vehicle outright or have items of … Continue reading →
U.S. states continue to work at regulating even the best payday loan companies. The focal point to this regulation is always to limit predatory lending power over customers who have difficulty coming out from under short-term loan debt. Some states ban the loans altogether while others cap rates and loan amounts. As Americans continue to struggle with their relationship with direct payday lending companies, the UK’s lenders are being warned for tougher regulations to come. There are many news stories from the UK about poor practices and extreme interest rates. With only … Continue reading →
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