Is payday loan our real and only life safer? According to wikipedia, Critics blame payday lenders for exploiting people’s financial hardship for profit.
They say lenders target the young and the poor, particularly those near military bases and in low-income communities. They also say that borrowers may not understand that the high interest rates [...]
This is an important news you should know and understand when you are planning to take a payday loan.
Defenders of the higher interest rates say processing costs for payday loans do not differ much from other loans, including home mortgages. They argue that conventional interest rates for lower dollar amounts and shorter terms would not [...]
Many believe that payday loans are the only option for consumers with bad credit, but other options do exist and most financial counselors would direct people to explore the alternatives.
Other options are available to most payday loan customers. These include pawn shops, credit union loans with lower interest and more stringent terms, credit payment plans, [...]
Here are some information about regulation in the district of Columbia.
Effective January 9, 2008, the maximum interest rate that payday lenders may charge in the District of Columbia is 24 percent, which is the same maximum that banks and credit unions are capped at.
Payday lenders also must have a license from the District government in [...]
