Rising Payday Loans Amid Pandemic Raises Concern
Loans usually carry high interest rates, which could trap the borrower in a cycle of indebtedness. TAMPA, Fla .– As stimulus talks stagnate, more Americans are desperate for financial relief, and local experts say this is leading many to rely on payday loans to make ends meet. These loans often have high interest rates and […]
Payday Loans Trap Social Security Recipients in Debt
Bloomberg / Getty Images In Spanish | The downturn in the economy could push more Social Security beneficiaries to take out high-interest payday loans, risking getting caught in an ever-increasing cycle of debt. A payday loan is typically a short-term loan of less than $ 500 typically intended for low-income people. The fees typically range […]
Online loans: Lendingkart’s loan book jumps 80%, posts profit of Rs 42 crore
Lendingkart, backed by Fullerton Capital, doubled its profit to Rs 42 crore in fiscal 2020, increasing its loan portfolio by 80% to Rs 2,400 crore during the period. The lender, which mainly caters to small and medium-sized businesses and retail borrowers, increased its interest income by 113% to Rs 465 crore compared to the same […]
5 types of personal loans to consider
When it comes to financing, it pays to choose the best option for your situation. (iStock) Personal loans are the fastest growing type of consumer debt – you may have even considered applying. Personal loans can be an effective way to consolidate debt, pay for unscheduled home repairs, or make a major purchase. But is […]
How to Loans Online Without Credit Check and Instant Approval Canada Dealing F
Technology changes human lives with a broad spectrum; facilities such as shopping, travel and banking are just a touch on our gadgets. If change is happening to improve human lives, nothing can be better than this. The lending industry is one of the changes that has brought a lot of convenience to people. Falling into […]
Proposal revives payday loan debate
Copyright © 2020 Albuquerque Journal SANTA FE – The debate over New Mexico’s interest rate caps on storefront loans may not be over yet. Three years after state lawmakers approved a bill to cap small loan interest rates at 175%, a leading Santa Fe-based think tank is proposing that the cap be lowered significantly – […]
Payday Loans: Find Better Alternatives
When you’re faced with an emergency – car repairs, medical bills, or other unforeseen expenses – it may seem like your only choice is a payday loan. It’s not. You have other options which are much cheaper and riskier than payday loans. We have scoured the country and found local and regional resources that can […]