Est. 2005
Payday Loan Times

News About the Ever-Changing Payday Advance Industry

Monthly Archive

Archive: March 2006 — Page 2

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Arkansas

Advance America Pulling Out of Arkansas

The nation’s largest payday loan company is considering closing its 30 stores in Arkansas, a move that a critics of the industry hope will begin a mass exodus of payday advance lenders from the state, according to the Arkansas News Bureau.

Florida

Payday Loan Facts & Figures From Southern States

As various states are urged to fight back against cash loans, these cash advances remain popular in a number of areas around the country. The following is a breakdown of payday loan activity across certain states (based on 2004 data):

International

My Payday Loan Names New Consultant

As MEM Consumer Finance, Ltd., continues to grow, one of its brands, My Payday Loan has appointed Alister Comrie as its professional marketing consultant. His role will be developing an ongoing and comprehensive marketing strategy for My…

Ohio

Ohio State Senator Calls for Payday Loans to be Scaled Back

In what is almost becoming a pattern, another legislature has called for a regulation on the payday loan industry in his state. In this case, a bill sponsored by Democratic Sen. Ray Miller of Ohio calls for a lower interest rate, lower…

Delaware

Delaware Payday Loans Soar in Popularity

According to The News Journal, payday loan applications are on the rise throughout Delaware. The payday advance industry in the state has grown from just a few hundred outlets a decade ago to more than 20,000 today. They lend an estimated…

Arkansas

Arkansas Legislature Not Ready to Do Away with Payday Loans

During a crowded hearing in front of the House and Senate judiciary committees yesterday to discuss the state of payday lending in the state, law makers decided NOT to draft legislation that would change a seven-year-old law regulating…