Monthly Archives: July 2015

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