Month: May 2021

More startups and venture capitalists are banking on subprime lending alternatives – Crunchbase News

Fintech startups are increasingly looking into loans for more than a third of Americans with subprime credit scores. Their vision is to turn a negative connotation into one that not only helps short-term borrowers, but builds their credit and provides financial education. Subscribe to Daily Crunchbase The term “subprime” is generally applied to a borrower […]

9 payday loan alternatives to save you exorbitant fees – Forbes Advisor

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. If you need quick cash to cover an emergency or essential living expenses, you might be tempted to take out a payday loan. These loans are often easy to obtain – some […]

Russia’s payday loans hit record high in March

The Russians took out a record 2.35 million payday loans in March, according to data compiled by consumer credit rating agency Equifax Russia and reported by state media on Friday. As a sign of Russians’ growing reliance on small loans, Equifax said high-interest microloans increased 17% since February and 30% since March 2020. Microfinance companies […]

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