Posts Tagged ‘loans’
To cash advance or personal loan
Personal loans are used generally to cover an anticipated expense. On the other hand, cash advances are used to cover sudden emergency expenses, such as an unforeseen home repair or car repairs.
Better Business Bureau vs Payday Loan Industry
As with many of the arguments put forth by politicians, and financial conglomerates the claim is empty, just another scare tactic to try and convince the consumers (you) that the payday loan industry is some evil empire out to steal your money.
New Credit Card Law, Same old failing system
Consider a sub-prime credit card that now comes with a 59.9 percent interest rate. The lenders serving risky borrowers say high fees and interest rates are necessary because their customers are more likely to default on loans. Restrictions on what they charge could put them out of business, and leave the neediest with no options at all, they say.
Arizona Payday Loan War Continues
As of July 1, 2010 Payday Loan centers in the state of Arizona are supposed to close their doors for good. The only thing that has kept them open this long is a House bill that was introduced. It’s great to watch politics feed on the uninformed, they love to use scare tactics along with these outrageous percentage numbers to try and scare people into voting there way. State Senator Chuck Gray was quoted as saying “When they charge 400 percent interest and burden those families with those kinds of debts, …”
