Loans Questions

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Regulatory building
Among various types of loans that are available for people going through tough financial times, payday loans are a useful medium for many individuals. Payday loans are easy to obtain as there are very few requirements to get such loans approved. Proof of adequate income is mostly sufficient to get payday loans. Regulation Parameters Payday loans have been regulated in over thirty states across...
woman on phone complaint
Consumers can file a payday loan complaint with a newly-established page on the Consumer Financial Protection Bureau’s website. If a borrower has a question or complaint about their loan, they should first contact their lender. If that does not lead to an answer or a solution, borrowers now have a more powerful approach than in the past. Starting last month, the CFPB began accepting payday loan...
fifty dollar roll
A lawsuit loan is a personal loan that can help a borrower fund his or her legal case or help him or her pay for living expenses as their lawsuit settles. Lawsuit loans are generally for victims of a workplace injury or some related grievance where they need to borrow money as they await receiving settlement money. Unlike most types of personal loans, a lawsuit loan’s repayment depends on...
Older couple walking
When a reverse mortgage borrower dies, the outcome depends upon the existence of any remaining family members and whether they want to keep the home. When the original homeowner passes, the process afterwards is similar to the process required with a regular mortgage loan, according to Heather Chubb, a life transitions lawyer at The Chubb Law Firm. “You end up with the same estate administration...