Consumer Debt at All-Time High; Payday Loans to Blame or Help?
Here's some news that makes you ponder the role of payday advance loans in society:
Monthly Archive
Archive: October 2006 — Page 3
Letter to North Carolina Newspaper Pushes for Fair Payday Loan Practices
Paul L. Burnley retired after 23 years of newspaper work in Chicago and St. Louis. He now lives in Fayetteville and recently wrote the following, paraphrased letter to The Fayetteville Observer …
Payday Advance Story Backs Proposed Legislation in Canada
While one payday loan company in Canada is praising possible new legislation that will allows provinces to regulate the industry, at least one consumer also agrees this is a good idea.
Michigan Payday Loan Stores See Profits Plummet
With Michigan's economy sinking - thousands of unemployed factory workers and underemployed service workers are looking for jobs and many people are struggling to pay their bills - you might expect business to be booming at payday cash…
Consumer Advocates: Education on Payday Loans Not Enough
Consumer advocates from around New York urged state lawmakers last week not to rely only on financial education to protect low-income New Yorkers from issues such as payday advance loans - but to actually crack down on financial abuses…
Payday Loan Company Praises New Legislation
What's the response from the payday cash advance industry in Canada to proposed legislation that would actually cap its interest rates?
Bill Proposes Province Power to Regulate Payday Loans in Canada
Because payday loan companies up north have actually encouraged regulations on their industry, Canadian cash loan providers will be happy about the following news:
Late Credit Card Payments, High Gas Prices Lead to Payday Advance Use
Why would you consider a faxless payday loan? Because you've fallen behind on credit card payments, perhaps.
Story Highlights National Payday Loan Problem
Lisa Engelkins is a single mother raising a 5-year-old and making less than $8 an hour. She was struggling to keep up with her bills. After seeing an ad for no fax payday loans, she wrote a $300 check to the lender dated for cashing two…
Jacksonville Council Member Compares Military Payday Advance Cap to His Legislation
Those familiar with the interest rate cap Congress placed on military payday loans this week may also be familiar with the bill it resembles.