Payday Loans Articles

The Different Lenders of No Credit Payday Loans
Aug, 21, 2012
To say that times have recently been tough is an understatement. Many Americans, including college graduates, have lost their jobs or been forced to settle for jobs with low pay. In order to purchase necessities or pay for emergency expenses, many people have borrowed no credit payday loans.
Man being squeezed
Jul, 26, 2012
A mix of desperation, uninformed borrowers, and predatory lenders are to blame for the ongoing trend of rising instant loan opposition. Across the country many states have been spurred to limit or outright ban the lending of instant loans. These states have been pushed towards these measures by various special interest groups that claim to represent the common borrower and consumer.
Closer look at demographics
Jul, 20, 2012
Cash loans, also called payday loans, were once not so commonplace in our society—but then again foreclosures, vehicle repossession, unemployment, and public service announcements on child hunger in America weren’t either. Nearly everyone has been affected by the recession. For some people, the recession—or “depression” in the eyes of many—led to the end of home ownership, a lost college education, or the termination of a career. Nearly everyone has tightened their belts since the recession’s full onset.
Jul, 17, 2012
Payday loans present society with a paradox. These forms of borrowing are meant to serve those who have bad credit scores. In order to satisfy that demographic, lenders charge high fees as a means to protect themselves from losses. However, the bad credit population is the very last group that needs to be subjected to high fees, given their financial situation.
Giving a bribe
Jun, 20, 2012
During the infancy of President Obama’s current term, he called for federal regulation to instate a cap on all payday loan interest rates. Obama has sought to restrict the steep—often argued to be usurious—fees on payday loans since his time in the Illinois State Senate. While such a law has yet to be implemented on the federal level, the creation of the Consumer Financial Protection Bureau (CFPB) has helped the nation take one step further towards meeting the president’s goal.
alarm clock sitting on money
Jun, 7, 2012
The country is currently going through hard times given its dismal job opportunities and slow economic growth. The ongoing recession makes it difficult for many people to pay for basic living expenses in addition to timely monthly payments on their homes and cars. Given the times, more and more people are seeking assistance from payday loans.
US Soldier
May, 7, 2012
The United States possesses the most powerful military the world has ever seen. Stationed in nearly every country on Earth, the U.S. armed forces use their might, technology and prowess to protect, serve, and assist not only our own nation, but others as well. When they return home, however, our service members don’t always receive the treatment they deserve. The Vietnam War is perhaps the most blazing example, but there’s also a lesser-known facet in which our troops have been victimized, preyed upon, and taken advantage of. That area is in the world of financing, particularly by payday loan lenders.
Old Bible
Apr, 24, 2012
Depending on translation, the word “money” usually appears in the Bible more than 120 times. If the words wealth, gold, silver, poverty, usury, stealing, and debt are included in the count, that number grows significantly. In fact, the Bible contains more passages about money and possessions than heaven, hell, or the return of the Messiah. There are 500 Bible verses on prayer and less than 500 on faith, but more than 2,350 on money and possessions, according to Crown.org, a Christian organization that offers advice on money-related issues.
Peer-to-peer lending
Apr, 4, 2012
When consumers deposit their money into bank accounts, the bank protects that money and uses it to issue loans to others. In exchange for using consumers’ money, banks pay them with miniscule interest. For a few thousand dollars, the bank usually pays out a couple of cents each month. Only when a consumer has hundreds of thousands of dollars in a bank does that interest payment turn into something substantial. But what if those who protected our money began offering a way for us to earn more than a fraction of a percent in interest? What if they began offering 5, 10, or even 12 percent interest?
Tug of war
Mar, 27, 2012
A common platform for debate between the country’s two largest political parties involves the role of government. Conservatives often tout the importance of personal responsibility, arguing that freedom is only achieved if people decide their own fate instead of allowing others to decide that fate for them. Democrats are often on the other side of the fence, escorting in a more powerful government, usually on the grounds of promoting equality amongst the socioeconomic classes.

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