There has been a great deal of negative publicity over payday loans, much of it centering on their high interest rates. What is often ignored, however, is the positive impact these small personal loans make in so many communities across America. For instance, recent studies have shown that after some states […]

The Payday Loan Industry: Much More Positive than Predatory

It’s easy to have a knee-jerk reaction that payday lending is abusive. A payday loan works like this. The borrower writes a check for, say, $200. The lender gives the borrower $170 in cash, and promises not to deposit the check for, say, two weeks. In effect, the borrower pays […]

Can Other Lenders Beat Back Payday Lending?

A new twist on payday loans – loan protection! For only $30 you too can have loan protection, just in case you can’t make that payment on your payday loan. EZ Loan Protection has received more than 100 complaints in the last six months. The complainants allege that consumers did […]

Loan Protection?

It’ll be no surprise by now that we’re not big fans of payday loans. This industry has seen the UK as a crock of gold. Huge money has flooded into the UK due to our weak regulations while other countries, notably the US, have cracked down and regulated their industries. […]

Payday loans – Expert’s view

They’re high cost, short term loans with more tricks than Paul Daniels Payday loans are short-term lending often used by people to tide them over until payday. They’re often very easy to get – some even do it on mobiles while drunk which makes them feel convenient. But it’s that […]

10 payday loans need-to-knows

Internet payday loans are illegal in Virginia.  They are a felony.  (In order to make payday loans in Virginia, they have to have a licensed office in Virginia.  The internet payday loans do not have offices Virginia–they are on the internet.) Since the people behind the internet payday loans could be sent […]

Internet Payday Loans are Illegal in Virginia