This week, Wells Fargo joined the list of big banks introducing short-term credit products — and the much smaller OneUnited Bank in Boston unveiled its own version, designed as an alternative to payday loans. OneUnited’s loan, called CashPlease, is designed to help customers of the black-owned bank with $635 million in assets manage their cash […]
Mobile apps are changing the way people do their banking. The financial industry is now able to offer more services and information directly to customers without having to go through a branch. This article will explore how mobile apps have helped change the industry, as well as some downsides of this new technology. Loans and […]
Have you ever thought of using online payday loans for financial help? Don’t financial difficulties have the unfortunate habit of appearing at the worst times? You can rest assured that everyone will experience a financial emergency at one point or another in their lives. Financial urgency can cause double the stress. A payday loan is an option in […]
According to a 2018 Credit Karma poll, over 80% of Americans are concerned about overspending for Christmas or the holidays, and some lenders specialize in Christmas Loans. If you haven’t prepared — or haven’t been able to save — for your holiday expenditures and are considering taking out a Christmas loan, here are some things to […]
You may have heard about the term payday loans recently in the news after its popularity has skyrocketed over the past 5 years. In layman’s terms, it is a type of short-term, high-cost arrangement between a lender and a borrower which helps the latter secure a small amount of cash in a short time. Payday […]
click to enlarge With poor credit and unexpected expenses, life can easily go downhill. You may be facing such a situation now, or it may happen in the future. Sadly, it is something that can eventually happen to anyone. So, being prepared with industry insights into bad credit loans can help you stay prepared. Finding […]
Watch This Episode on YouTube Watch/Listen To This Episode: [0:00:07.7] P: Tim, I appreciate you jumping in on such short notice. You are the creator of LNPay.co, which is, in my view, a herald of the future, where we will have more and more, the surprises. No one, of course, that I’m saying this, but we’re […]
The term Payday loan refers to a relatively new loan product that is short-term in nature. These loans are usually granted in smaller amounts with high interest rates. They are usually priced at a fixed dollar fee, representing the finance charge to the borrower. The interest rates are high because of the short-term to maturity. […]
The UK government has announced its consultation for the regulation of buy now pay later (BNPL). This decision comes after the publication of the Woolard Review – a review of change and innovation in the unsecured credit market earlier this year, which highlighted some of the potential consumer risks of BNPL. The consultation notes that […]
California payday loans can lend up to $300 and levy a maximum of $45 in fees. While this charge may not appear excessive, the average annual percentage rate for payday loans is 372 percent. This is far higher than the interest rate on most other loans or credit cards. Payday lenders frequently do not evaluate […]