Payday Loan Strategies, Tactics & Trends
Everyone wants to know what’s going on in the payday loan industry. What are the latest trends? What’s the newest strategy? How do my defaults compare with every one else and how do I improve? Heck, for that matter how does everyone else even measure or define defaults?
One method of gaining additional insight that [...]
Payday Loan Lenders Get Hassled Over Disclosure-Again!
All industries have a few knuckle heads in their midst. No surprise, this includes the payday loan industry. There are some very basic requirements we in the industry must adhere to. Disclosure of loan terms, the APR (Annual Percentage Rate), the payment schedule, the amount financed, the total of payments, and any late fees are [...]
Ohio Banks Offer Payday Loan Product Legally!
While Wells Fargo, U.S. Bank and Fifth Third all offer their advances for periods up to slightly more than a month, their policy is to automatically pay themselves back upon the first direct deposit of $100 or more.
So if you borrow $200 three days before payday because of an unforeseen emergency, the bank would take $220 upon direct deposit.
Oregon Payday Loan Consumers Worse Off Without Them
A new survey conducted by Dartmouth College reveals residents are WORSE off without access to payday loan products!
Data on 400 payday loan consumers collected before and after the imposition of an interest-rate cap in Oregon indicates that the payday loan rate cap resulted in a severe downgrade in the financial condition of the Oregon households. [...]
Payday Loan Job Losses in Ohio
Check ’n Go payday lending chain said Tuesday that it will close about half of its Ohio stores over the next several months.
CNG Financial said it will close 36 of its 71 stores in the state, eliminating up to 75 jobs. The company didn’t specify which sites would be shut down, but a spokesman said [...]
Arizona Payday Loans Vote Yes #200
Arizona payday loan consumers urge a VOTE YES ON 200!
Concerned about access to small consumer loans and fear that government will continue to encroach on their freedom of financial choice, Arizona voters urge everyone to vote yes on 200.
Even if you have never used a payday loan and have zero plans in the future to [...]
Ohio Payday Loan Customers Worried!
Payday loan consumers in Ohio are expressing their fears about the future of the payday loan industry. They worry they will no longer have access to small dollar, no-hassle, no credit check payday loans in the future. They urge a VOTE NO on Issue 5!
Ohio payday loan ballot measure Issue 5, if passed will reduce [...]
