The energy-efficient loans explain An unsecured Energy Efficiency Loan allows you to borrow money from a lender to make energy-saving improvements to your house without having to put up any security. Because there is no requirement for security and the lender cannot foreclose on your home, the penalty for not repayingRead More →
Maine boasts a low cost of living, affordable housing, and many working industries throughout the state. However, with an average state income of $56,000, Maine residents have lower incomes than the national average. This leaves many residents with unpaid bills waiting for payday. Don’t let a high energy bill orRead More →
Saving Money / Savings Tips PeopleImages/iStock.com If your savings account seems thin or nonexistent, you’re definitely not alone. It has been reported that around 50% of people have less than three months of emergency savings, and a recent GOBankingRates survey found that a staggering 40% of women have less thanRead More →
If you need money quickly and have bad credit, a payday loan may be the solution for you this Loan Options noted. Payday loans are small, short-term loans that are intended to help people cover unexpected expenses. They are often used as a last resort for people who need moneyRead More →
By MORGAN LEE – Associated Press SANTA FE, NM (AP) — New Mexico House lawmakers have approved legislation to discourage predatory lending by lowering the state cap on annual interest rates for storefront loans. Democratic State Rep. Susan Herrera of Embudo is sponsoring the bill that would lower the maximumRead More →
Activist partners at Legion Partners Asset Management have called on the board of fashion brand and retailer Guess to remove co-founders and directors Paul Marciano and Maurice Marciano after “more than a decade [of] a pattern of appalling sexual assault and harassment allegations,” according to a Tuesday (February 8) PressRead More →
Advancement in the corporate sector, especially in the financial sector due to the creation of fintech applications, has changed the business landscape. Older and more established organizations are now looking for new and more advanced ways of doing business. The fintech industry produces annual revenues of billions of dollars, andRead More →
FloatMe, a San Antonio tech startup that gives workers cash advances on their next paycheck, said it has increased $16.2 million from investors during its last fundraising. Overall, the startup has raised $49.1 million in funding since June 2019, including $25 million in debt funding, according to Crunchbase, which tracksRead More →
With the resignation of the head of the Federal Deposit Insurance Corp. of the Trump era, consumer protection groups see an opportunity to end “rent-a-bank” loans with exorbitant interest rates. Graeme Sloan/Sipa USA via Reuters hide caption toggle caption Graeme Sloan/Sipa USA via Reuters With the resignation of the headRead More →
Microfinance market participants are seeing an increase in the share of microloans issued for a long period – up to one year. But the maturities of these loans are also reduced and the loans are repaid earlier than expected. According to Forbes in the fourth quarter of 2021, the shareRead More →
Koho Financial, an online financial services provider, has raised $210 million in venture capital as it tries to expand its services to offer a new alternative to payday loans in Canada, The Globe and Mail reported on Tuesday. February 1st. Koho’s mobile app provides a savings account at no cost,Read More →
PayDay Say Company has just acquired Personal Money Service, an online platform designed to connect borrowers with direct creditors across the United States. The acquisition will better meet the needs of PayDay Say customers across the country, as this company aims to help every borrower meet their urgent financial needsRead More →
BEACHWOOD, Ohio — For years, the agency I run — the Hebrew Free Lending Association (HFLA) of Northeast Ohiowhose mission is to promote economic self-sufficiency and growth for people in Northeast Ohio who lack access to safe and equitable lending resources – has worked with hundreds of consumers stuck inRead More →
Payday loans are a high-cost form of unsecured credit where you borrow a relatively small amount of money until your next payday. When your boiler is racing in the middle of winter or your car breaks down and you have no savings, a payday loan may seem like the onlyRead More →
It’s become a cycle of desperation for low-income residents with bad credit scores: They take out a high-interest installment loan to get by in tough times and soon rack up an unmanageable burden. They pay off old debts with new loans at rates up to 175%. For years, state legislatorsRead More →
Bank of America’s Balance Assist program can provide small, short-term loans to bank customers for a flat fee. The program, created in part to help customers avoid high-interest payday loans, is expected to be available nationwide in early 2022. Best Features Access the money almost instantly if you are approved.Read More →
Posted on Tuesday, December 28, 2021 at 10:51 a.m. Join AFP’s more than 100,000 followers on Facebook Buy an AFP subscription Subscribe to AFP podcasts on Apple podcast, Spotify and pandora News, press releases, letters to the editor: [email protected] Advertising inquiries: [email protected] (© fizkes-stock.adobe.com) Payday loans help the poor feelRead More →
MIAMI — The owner of a Miami-based payday loan company defrauded hundreds of investors out of millions of dollars and paid off others with money he acquired through a Ponzi scheme , according to a newspaper report and federal regulators. About 500 investors, including many from the Venezuelan American communityRead More →
Cash advance payday loans are expensive, so it’s a good idea to make sure you can pay them back before you sign along the dotted line. If you cannot meet the agreed due date, you have the option of rolling over your loan. It can seem like a great backupRead More →
Alina555/Getty Images/iStockphoto Many Americans lack the cash to finance some of life’s biggest purchases – a new car or a home, for example. While it is not uncommon to take out a home loan or car loan, many people are turning to personal loans, seeking to spread major purchases overRead More →
When the coronavirus first posed a threat to the health and finances of Americans, Tiffany Moore of Forest Park first turned to an installment lender hoping for financial relief. The good news: She was approved for a $9,500 loan to compensate a tenant in her property who couldn’t pay rent.Read More →
Lansing — A coalition of Michigan groups has taken the first step toward launching a petition campaign to drastically reduce the rates that payday lenders can charge customers for short-term loans. Last Wednesday, a ballot proposal committee called Michiganders for Fair Lending submitted its petition wording to the State Department.Read More →