Payday lenders vs loan sharks

Payday lenders vs loan sharks

Payday lenders vs loan sharks The financial market is experiencing a wave of change brought about by changes proposed by new rules and regulations. These rules dictate the actions that payday lenders ought to take in the activities of their business. The demand for these types of […]

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How to get out of payday loan debt

How to get out of payday loan debt

What are payday loans Payday loans are also known as “cash advance loans”. The lender will accept a postdated check for a fee, or accept a check with the current day’s date and hold it until the borrower’s next payday. These are high risk loans and come […]

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Payday profitability: why there is less profitability in payday loans

Payday profitability: why there is less profitability in payday loans

Usually, people tend to believe that payday loans are extremely profitable. The truth is quite different though. Payday loan lenders have ordinary profitability despite the high interest rates of their products. A recent study found out that payday lenders’ returns don’t differ from financial returns of other […]

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Payday loan criminals’ vs the good guys

Payday loan criminals’ vs the good guys

Payday loan criminals’ vs the good guys Payday loans provide households with short-term liquidity but create long-term debts for borrowers. It is a legitimate policy concern that many people feel compelled to use payday loans.Many payday lenders tend to take multiple loans at once which will ultimately […]

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