Payday Loans

The Latest Survey By Federal Reserve Bank Of New York - Is Payday Loan Really A “Predatory Debt Trap”?

As per the latest survey conducted by the Federal Reserve Bank of New York, banning payday loan actually hurts the economy. North Carolina and Georgia are the two states where these types of loan programs have been banned since December 2005 and May 2004 respectively. When they researched the effects of the ban on the households in these states, they found that there were more instances of chapter 7 bankruptcy filings, more complaints filed against debt collectors and lenders at FTC (Federal Trade Commission), and a significantly much higher rate of bounced checks as compared to other places where payday lending is legally permitted. ...Read more>>

Collection Laws About Cash Til Payday Loans

Cash til payday loans are very popular among US consumers because these loans are very easy to borrow and almost anyone who is employed can qualify for it. People with very limited monthly income often find themselves in deep trouble when they have to meet an urgent unexpected expense and they do not have enough cash to fund that expense. This is when a payday cash loan looks like the best option for them, as it gives them the money they need within just one to two business days. You either get a check or a direct fund transfer to your bank account. It is only because of the ease of the application and approval process of these loans why consumers feel tempted to borrow the same. Most of the borrowers tend to ignore the negative aspects associated with payday lending. ...Read more>>

Online Cash Advance Loan – An Easy Way To Borrow Instant Money?

Salaried individuals usually have to live with a limited monthly income. They have a set budget for every month. They often find themselves into a difficult problem when they are hit with an unexpected yet urgent expense. Those who always maintain a decent saving fund deal with such problems easily, but those who do not look out for other financing solutions, such as online cash advance loan, which is just another name for Internet payday loan. Try searching for information about these loans in search engines and you will be bombarded with thousands of search results; the majority of the websites full of praise for these loans that how beneficial they can be for you. But, you will be surprised to know that despite all these features that payday loans offer, the Federal Trade Commission warns consumers against these loans. ...Read more>>

Repayment Of Payday Loan Debt – Some Crucial Don’ts

There are plenty of things that you must take into account when it comes to repayment of payday loan debt. Lack of planning and foresight is one of the main reasons why many people are pushed into the viscous cycle of payday debt. Following is a brief rundown on some of the things that you must not do in order to avoid getting into serious debt troubles. ...Read more>>

Cash Advance From Credit Card Vs Payday Loan – Which Is Better?

The penalty charges on payday loans are also extremely high while the picture is not that horrible when you borrow a cash advance from credit card and do not pay it back in time. Additional interests are charged in both cases, but since the rate of interest is comparatively very low in credit card advance, the overall outstanding balance does not grow as fast as it does in case of a pay day loan. ...Read more>>

A 5-Step Guide To Getting Out Of The Payday Loan Trap

Getting out of the payday loan trap might be a little difficult, but it is very much possible if you know how to proceed with the right strategies. The great thing about short-term payday cash advances is that they are easy to qualify for and they can help you get some instant cash as and when you need it. In many cases, the approval comes within just an hour. But, the biggest drawback is that these loans charge an extremely high rate of interest. For example, if you borrow $300 for 14 days, you may have to pay over $100 just in terms of interest and other finance charges. If you fail to make the repayment on the set due date, you are very much likely to be dragged deeper into a quagmire of debt where you will end up paying eight times (or even more) than the original loan amount. In short, it is easy to get into the debt trap caused by payday loans; it is very difficult to get out of it. ...Read more>>

Get Rid Of Payday Debt Problems Without Getting Into Trouble

Payday loans when remain unpaid for a long time can seriously damage your finances. But, luckily there are still several ways out there that can help you get rid of payday debt problems without getting into any further trouble. Payday loans often look a very attractive option to cash-strapped consumers who have some urgent expenses to meet or some high-priority urgent bills to pay off. Though it is true that these types of lending programs can help you get instant cash as and when you need it, but there are some serious drawbacks that you must be well aware of. It is no more a secret that payday lenders charge an extremely high rate of interest that can go as high as 700% per annum or even more.The good news is that the laws in most states are favorable to consumers. Following is a brief rundown on how you can take control of your situations. ...Read more>>

When Should You Borrow A 1 Hr Cash Advance And When Should You Avoid It?

A 1 hr cash advance, as the term suggests, is a quick loan program that provides you instant cash, within a matter of just an hour. However, it is very important for you to understand that everything that is easily available does not necessarily have to be useful or healthy for you. These cash advance loans come into that category – they are easy and quick but they do not make a healthy financial option. The vast majority of consumers who borrow these loans end up acquiring mountains of debts within a very short period of time. This happens not just because the borrowers are financial indiscipline or irresponsible, but because these loans are structured that way to create a debt trap. Therefore, you have to be very careful if you are considering borrowing these loans. ...Read more>>

When And How To Apply For A Cash Advance Loan Online?

Applying for a cash advance loan online is a very simple process. But, in order to understand whether you should apply for it or not, you will have to look into an array of complex issues that are usually associated with these types of small, short-term loans. To start with, you must first be well aware of the laws that regulate these types of loan in your state. It is very important for you to keep in mind that the laws vary significantly from one state to another. Following is a brief rundown on some of the various aspects associated with these loans, especially the ones that are offered from Internet-based lenders. ...Read more>>

What Is An Online No Fax Payday Loan And Who Are Eligible To Borrow It?

As the term suggests, an online no fax payday loan is a short-term cash advance program that does not require you to go through any paper work; no faxing of any documents is needed. You can simply visit the website of the lender and fill out an online application form. The information you are required to provide include your name address, age, citizenship, details about your employment history and your checking bank account number. In general they do not even require you to give them a post dated check as security against the loan. Instead, they prefer to withdraw fund directly from your bank account on the set due date. They claim to use this repayment method to make things convenient and easy for the borrowers. But, it is very important for you to keep in mind that the lenders that offer this type of loan, where they do not even care to verify the details provided by you, may try to take undue advantage of your vulnerable financial situation. ...Read more>>

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Payday Loan Companies

What About Those New Payday Loans Lenders That Accept All Applications?

With the rapidly growing competition in the market, many new payday loans lenders have recently joined the industry and the special thing that gives them an edge over their competitors is that they are accepting all applications as long as the applicant has a bank account in their name. This is a ne...

Payday Loan Companies
Payday Loan Laws

The Latest Survey By Federal Reserve Bank Of New York - Is Payday Loan Really A “Predatory Debt Trap”?

As per the latest survey buy generic cialis 20mg conducted by the Federal Reserve Bank of New York, banning payday loan actually hurts the economy. North Carolina and Georgia are the two states where these types of loan programs have been banned since December 2005 and May 2004 respectively. When th...

Payday Loan Laws

Credit Card Debt Consolidation Company For Your Consolidation Needs
If you are looking for debt consolidation you must approach an expert i.e. a credit card debt consolidation company which deals in this particular area.... Read more

What are the pros and cons of debt consolidation?