Economy
The economy concerns everyone, whether they know it or not. From employment to prices, debt levels to wealth levels, there is very little in life that is not touched in some fashion by economics.   Credit, in particular, powers the modern economy. While those in the upper income brackets enjoy the cushion of savings and borrowing to increase wealth, those in the lower brackets must often resort to the only forms available to them, namely bad credit loans, pawn shops, payday loans and cash advance loans.   We cover matters of macroeconomics that concern all of us, and help us make better-informed decisions: Is it the right time to risk starting a business? Buying a house? Investing in the Markets?   Our economic experts can help you make those decision by providing a clear picture of where the economy as a whole – globally and locally – stand currently, and where it is likely to stand in the future.

Preparing for the Coming Economic Crash – Are You Ready?

With the continuous threat of recession, most people are trying to save money for rainy days ahead. However, it can be nearly impossible for some to save back cash as they are either living paycheck to paycheck or keeping their head just above the water. With that in mind, it’s probably a good idea to

Should the Installment Loan Industry Be More Tightly Regulated?

When it comes to the installment loan industry, there are many opinions. Those who have good credit, access to credit cards and middle class paychecks tend to view the industry as predatory and in need of major regulation. However, people who earn low wages, have poor credit and face limited borrowing options often view the

Payday Loans and the Borrower’s FICO Credit Score

When it comes to payday loans, there are many myths and misconceptions about whether a short-term loan can help borrowers boost their credit scores to qualify for better conventional credit cards or lower-interest loans. The complete answer is complex. While some borrowers might see a slight improvement in their FICO scores after taking out a

Economic Innovation: Despite Global Economic Insecurity, Worker-owned Cooperatives Flourish

Economic volatility1 is a distress signal that is constantly being emitted from the global financial sector. During times of economic uncertainty, attention tends to gravitate towards businesses that thrive even in an environment marked by widespread economic turmoil. Why is a certain business sector doing so well when others are struggling to survive? This question

Why Payday Lenders Thrive in Our Economy

There has been much said about the payday lending industry as a whole. Some people feel that the industry itself is not well regulated and can be somewhat predatory. However, there is plenty of evidence to suggest that payday loans serve to fill a gap in the economy when some people are out of other

Questioning the Payday Loan Industry’s Annual Percentage Rates and Fees

Lender matching services like Personal Money Store and lenders that offer payday loans online and in storefronts advertise small, short-term loans as a quick fix to temporary financial difficulties. After a short request procedure, approved consumers are able to receive the money inside of the store within a few hours or have it deposited into

An Overview of Online Payday Lending Industry Customers

There is hardly any category of the finance industry that has not carved out a niche for itself on the Internet. This especially holds true for the payday lending industry, which has come a long way from being an add-on service at check-cashing establishments and has continued to perform well during the recent recession. In

The Negative Repercussions of a Payday Loan Ban

Let’s say certain consumer advocate groups got their way; what would the effects of a payday loan ban be? Certain demographics would lack access to credit (though some assert harmful credit), or would use potentially worse forms, among other potential effects. First effects of payday loan ban are denying supply, not demand The primary effects

Credit union payday loans among growing alternatives

For a sector that prides itself on its virtue, credit union payday loans don’t seem a likely product to exist. However, despite the stigma of the product and the industry, credit unions and other entities are slowly taking an alternative product mainstream. Slow growth in credit union payday loans Payday and other short term loan
Stocks in bull market

Stock Markets Continue to Explode Higher — But Can It Last?

On October 17, the Dow Jones topped 23,000 in midday trading, setting another record a mere six weeks after reaching 22,000. Since Donald Trump won the presidential election in November 2016, the Dow Jones has climbed 26 percent, due in part to Trump’s plans for deregulation, corporate tax reductions and spending on infrastructure. There is