Claudia Wilner, an attorney with the anti-predatory lending group NEDAP, the Neighborhood Economic Development Advocacy Project, says that it’s extremely common for her clients in debt trouble to have ...
Resorting to the mobile phone for a quick injection of cash is on the rise as more online lenders join the market, a trend likely to lead more Australians into a spiral of debt, says QUT poverty ...
Twelve million Americans have fallen prey to the vicious cycle of payday loans. On the surface, a payday loan is a short-term loan to help an individual make ends meet until the following payday.
According to the government’s numbers, prices are climbing for many essentials like housing, food and electricity. When money ...
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Payday lenders made about $49 billion in high-interest loans last year. More than a third of those loans were made online. I wondered what happens when you apply for such a loan, so I decided to find ...
Michigan stands at a crossroads as it considers capping interest rates on payday loans at 36%. Senate bill 632 has already passed the Senate with bi-partisan support, and this bill and its companion, ...
(NerdWallet) – When Minnesota resident Sherry Shannon was short on cash after her car broke down in 2013, she turned to a storefront payday lender for a $140 loan. She remembers the process as quick ...
Defenders of Colorado's law say payday lenders have been skirting the state's voter-approved interest rate limit.