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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

Want to Get Rich? Then Start Young, and Don’t Stop.

The miracle of compound interest enables modest savings to grow into a substantial nest egg over many years, but investing in stocks and other investments can generate real wealth during the same time period. The best strategy is to start investing when young and keep adding to your portfolio according to a recent post at
Fast payday loans on a speedometer

When Fast Payday Loans Lead to Slow Repayment Cycles

The country can’t seem to make up its mind about fast payday loans. While numerous financial experts and legislators warn people against getting them, the borrowing options for some are few. Until traditional financial institutions jump into the lending sector that lends money to borrowers with low or no credit scores, many people must turn

Don’t Let Bad Credit Stay that Way! It’s Easier to Fix than You Think

Credit scores are tricky little things. Financial institutions use this number to decide whether to lend you money or not. If yours is on the low side or nonexistent, then you may have to pay more or make do without the extra money that you need. Don’t let bad credit stay that way. It’s easier

The Advance Payday Loan Market Is Shrinking. Here’s What’s Taking Its Place:

A flurry of recent articles suggests that the payday loan market is shrinking, but fortunately for people with poor or bad credit, there are new alternatives for personal and payday loans. Although many brick-and-mortar stores have been forced to closed, we can still help you find loans online. We offer payday loans up to $1,000,
Spending money isn't always a bad thing

Don’t Lose Sleep over Money Well Spent

While society has easily embraced the pumpkin spice latte, it has been less accepting of the cost. For a while, every financial blog post about getting out of debt focused on paying it off by giving up small luxuries like lattes. Publications make it seem as though people are paying off $50,000 in debt just
401 Accounts are often lost when workers change jobs

Americans Lose Trillions From 401(k) Rollovers — Here’s How to Fix It

During the first couple of years following the economic crisis of 2008, there were numerous stories that featured Americans nearing retirement age whose 401(k) accounts had lost a significant amount of money. For example, in 2009, CBS1 interviewed several people in their 50s and 60s who had seen their life savings reduced by 50 percent
Payday installment loans can break your budget

When Long Term Installment Loans Bust Your Budget

A busted budget is something that happens to even the most money savvy among us. You may have taken out an installment loan thinking that your finances were in good shape, but then, the numbers came out differently. A financial solution may be easier than it seems. Here are seven actions to take when long