Posts Tagged ‘payday loans’

Personal Loans Pose Own Set of Risks

Many major life projects—including attending college, starting a business, improving your home, or getting rid of credit card debt—require some startup money, which, for many Americans, means taking out a personal loan. A recent post from WalletPop.com offers a helpful outline of the basics of personal loans.
Here’s a summary for those considering this type of [...]

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Could Your Bank be Predatory Lender?

Recent reports from the Center for Responsible Lending suggest some mainstream American banks have been engaging in predatory lending practices similar to payday loans—and that the Office of the Comptroller of the Currency (OCC), meant to regulate such practices, has done nothing to stop these actions.
Short-Term Loans at the Bank
As you may already know, payday [...]

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The Cost of Payday Loans and Renting to Own

Mint.com and WallStats.com have teamed up to create a tongue-in-cheek visual representation of some dangerous predatory lending products common in America today. The image is titled The Shaft: How Some Companies Prey on the Poor.
The graphic helps depict the reality of some benign-seeming products—and highlights how susceptible many lower-income Americans are to terrible credit products, [...]

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