Monthly Archives: March 2013

Why Borrowers Use Payday Loans

Posted by & filed under Payday Loans.

People use payday loans to avoid borrowing from family and friends, and to avoid cutting back further on expenses. But they often end up doing those things anyway to pay back the loan, a new report finds. The average payday loan a short-term, high-interest-rate loan typically secured by a borrowers future paycheck requires a repayment […]

Can Banks Help Consumers Trapped In Vicious Cycle Of Payday Loans?

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12 million Americans get a payday loan every year, racking up $7.4 billion annually in expensive debt. According to a study from Pew Charitable Trusts, the average payday loan is $375, although most borrowers end up indebted for five months and have to cough up $520. Can banks and credit unions help consumers escape the […]

Major Banks Aid in Payday Loans Banned by States

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Major banks have quickly become behind-the-scenes allies of Internet-based payday lenders that offer short-term loans with interest rates sometimes exceeding 500 percent. Enlarge This Image Michelle V. Agins/The New York Times Subrina Baptiste of Brooklyn says JPMorgan Chase allowed payday lenders to seize child-support funds in her account. Related Bucks Blog: Why Borrowers Use Payday […]

Fiserv Reports Record 10 Million Auto Loans Processed in 2012

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Pent-up consumer demand and favorable rates helped Fiserv Inc. process more than 10.8 million loan applications in 2012, the company said this week. The Brookfield, Wis.-based financial services technology provider said the 10.8 million loan applications and 3.7 million contracts processed through its Automotive Loan Origination System set a record last year and marked a […]

Personal Loans for Bad Credit Launches New ‘Credit Matchmaker’ Platform

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DALLAS, March 12, 2013 /PRNewswire/ –PersonalLoansForBadCredit.net announces its new credit matchmaker for people with bad credit. The leading online destination for finding and comparing finance options with less than perfect scores has created technology that literally connects lenders to suitable borrowers and provides a framework for applications to be submitted, considered and approved where appropriate. […]

Loans to Pay off Debt with Bad Credit or No Credit

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Phoenix, AZ — (SBWIRE) — 03/21/2013 — Credit-yogi.com has some suggestions about obtaining loans to pay off debt with bad credit, such as: – Payday Loans – Debt Consolidation Loans – Home Equity Loans – Personal Loans Access a Payday Loan A payday loan is a loan to help an individual along until his next […]

Drivers Get Identity Theft Protection Advice for Bad Credit Auto Loans to …

Posted by & filed under Auto Loans.

(PRWEB) March 29, 2013 With identity theft prevailing in many online markets, thousands of consumers suffer each year due to unprotected websites and transactions. Complete Auto Loans, provider of bad credit auto loans, has upda ted their blog with valuable information on how to avoid identity theft when getting an online auto loan. The posted […]

Banks to Be Held Liable for Biased Auto Loans Under CFPB Rules

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US banks may be sued by the Consumer Financial Protection Bureau if they fund discriminatory vehicle loans made by auto dealers, according to new guidance released by the agency. Banks are legally liable for unfair lending under the Equal Credit Opportunity Act of 1974, the CFPB said yesterday in a statement. The fact that the […]

Complete Auto Loans Gives Three Tips On How To Get The Best Auto Loans …

Posted by & filed under Auto Loans.

Complete Auto Loans, http://www.completeautoloans.com/, shows how people can be instantly qualified for auto loans, even with a poor credit history, using 3 tips presented in their guide. Seattle, WA (PRWEB) March 27, 2013 Over the last few years, there have been incredible advances in online services. From movies, to games, to online shopping services, the […]