Loans

Why Personal Installment Loans are Exploding in Popularity

It happens every day in cities across the country. Work-a-day Americans find themselves short of cash. Maybe their hours have been cut. Perhaps they experienced a medical or family emergency. Most likely, though, they’ve simply run out of money to pay the bills and need to find a way to get through to the next
Man applying for easy payday loans

Why Easy Payday Loans Could Soon Be Hard to Get

For years, easy payday loans have provided a financial lifeline for millions of Americans facing unexpected expenses or variable incomes. However, the Consumer Financial Protection Bureau has had payday lenders in its sights almost since the watchdog agency was created following the economic crisis of 2008. How the CFPB Threatens the Future of Easy Payday
Payday installment loans face piles of regulations

Democrat’s Bill a Boon for Personal Installment Loans

Personal installment loans and other forms of small-dollar credit are not known to be viewed favorably by most legislators who are Democrats. Especially in the aftermath of the financial crisis of 2008, the issues involving the short-term loan industry have tended to be divided along party lines. Democratic representatives and senators were more likely to
Fast and Easy Payday Loans on a Fast Money Speedometer

Utah Payday Loan Stores Face Rapid Decline in Numbers

Payday loan stores first began appearing in Utah around 1984. According to the Deseret Morning News, by November 2005, the state boasted more than 380 payday lenders. Business was thriving, due in part to Utah’s laws that were relatively friendly to the industry. However, in 2016, almost 17 percent of the storefronts in the state

Should Personal Loans be Used to Start a Small Business?

It is not always easy to find the money to launch a new business. Traditional business loans are normally not an option for a fledgling business; lenders prefer to make loans to companies with established records of sales and expenses. However, insufficient funding is one of the leading reasons that new businesses fail. Caught between

Online Installment Loans May Soon Face Onerous Obstacles

Online installment loans may soon face onerous obstacles from the bureau and other regulatory agencies. Over the last year, U.S. policymakers turned their regulatory eye toward the online lending industry. The Consumer Financial Protection Bureau, or CFPB, has released a set of proposals that will affect lenders regardless of their processing platform. Because of this,

Bad Credit Installment Loans – A Bad Choice Isn’t the Only Choice

When people resort to bad credit installment loans, they often do so because they’re in a tough financial spot. While middle-class and wealthy consumers generally have access to several borrowing sources, those who are on the low side of the annual income scale are usually forced to borrow money from installment loan lenders. However, bad

Bad Credit No Obstacle for Obtaining Installment Loans

Unexpected expenses are a part of life, but when they crop up for people who have bad credit, the situation is grimmer than it is for those who have good or excellent credit ratings. This type of circumstance is worse for those with poor credit because these people are unable to turn to traditional financial

Despite Detractors, Payday Loans are Often Helpful

Comedian Sarah Silverman performed in a skit about payday loans for “Last Week Tonight with John Oliver.” While in character, she said, “If you’re considering taking out an advance payday loan, I’d like to tell you about a great alternative. It’s called ‘Anything Else’.” This statement certainly highlights the negative feelings that people have about

Installment Loans — A Valid Alternative to Credit Cards

In an ideal world, people’s income would always greatly exceed their expenses, leaving them with a substantial savings account to handle any emergency expenditures. In real life, however, most Americans do not have savings that are sufficient to handle an unexpected financial crisis. If the refrigerator must be replaced, someone falls ill or the family