March 13, 2011
In the United States, there are not that many industries which receive more criticism than the payday advance loan industry. Payday advance loan companies aim their services primarily at lower-income individuals and families by extending small cash loans which are arranged with repayment terms of roughly two to three weeks, depending upon the pay schedule of the borrower. read more..
February 12, 2011
A bridge loan is a short-term loan taken out by a consumer from their bank or lending institution, normally as a means of covering a gap in financing between home loans, student loans or any other type of major lines of credit that the borrower might not be able to immediately renew. A payday advance, also known as a payday loan, is a form of short-term loan that grants the borrower a small sum of money to be repaid upon the borrower’s receipt of their next pay cheque. read more..
November 28, 2010
While legislation intended to protect borrowers from short-term cash lending has been quickly pushed through some of the United States’ biggest states and urban areas, a much more expensive borrowing problem has persisted. Overdraft fees â€“ once a relatively affordable expense for account holders â€“ have grown to the point where many banks are charging much more than their short-term lender counterparts.
Payday loans, short-term cash loans, and other forms of instant lending are generally fairly high on the interest side â€“ a characteristic that’s there to prevent lenders from taking on hugely risky clients and which stabilise the industry. However, they’re nothing when compared to the latest overcharge hike in some of the UK’s largest banks and top American financial institutions. read more..