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The alternative to payday loans has its own risks

Payday loans are designed for people with bad credit or little credit history. These loans come with exorbitant interest rates and payday lenders can be predatory. Taking out high-interest loans to cover day-to-day expenses often plunges borrowers into a deeper cycle of debt. Despite this, IBISWorld, an industry research firm, predicts the payday loan industry […]

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MoneyMutual Review: The Leading Payday Loan Company to Use?

And if you had an emergency today – your car broke down, you ended up in the hospital, an unexpected house repair, anything could happen. Do you have an emergency fund to help cover unexpected expenses, or will you have to rely on family, friends or, even worse, a credit card? MoneyMutual is a free […]

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Writer opposes payday loan bill | Letters to the Editor

Writer opposes payday loan bill Dear Editor: Recently, I was appalled to learn of a proposed bill at the Indiana Statehouse offering a “solution” to the payday loan industry. SB 352, dubbed the supervised consumer lending bill, claims to benefit the too many struggling Hoosiers who use these predatory services. Considering that the current legally […]

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Council approves wording of petition for vote on payday loans

A coalition that wants voters to decide how Michigan should cap interest rates on payday loans won approval on Tuesday for its sketchy wording for a petition to bring the issue to the November 2022 ballot. Members of Michiganders for Fair Lending told the Board of State Solicitors that payday loans — short-term loans with […]

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National Payday Loan Relief celebrates 15 years of transforming lives through payday loan consolidation

OAKLAND PARK, Fla. (PRWEB) October 20, 2021 National Payday Loan Relief celebrates 15 years since they started the Payday Loan Consolidation Program. This program has helped thousands of Americans wallow in payday loan debt regain their financial freedom. Through this program, the company takes responsibility for settling an outstanding payday loan on behalf of the […]

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36% payday loan rate caps may not fully protect consumers

Several states, including Illinois and Nebraska, recently implemented restrictions that cap interest rates at 36% on consumer loans, including payday loans. Proponents say these restrictions prevent consumers from getting in over their heads with these traditionally expensive loans, but opponents argue these kinds of laws will reduce access to credit by forcing lenders out of […]