Consolidate Credit Debt Debt consolidation is the practice of combining all of your debt and taking out a loan to pay it all off. This results in one payment and typically means a lower interest rate. Many times a debt consolidation loan is a secured loan, meaning that there is collateral, like a house or [...]

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“These things (check advance loans) were never supposed to be a permanent fix in someone’s financial world… These were supposed to be a temporary fix for someone’s financial situation.”
State Representative Michael Thompson believes that it is not deferred deposit loan fees that drive people into debt but the number of loans taken out at any one time… Instead [...]

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LONDON, UNITED KINGDOM, Dec 20, 2011 (MARKETWIRE via COMTEX)– The Debt Advisory Centre is urging people to consider an IVA or Individual Voluntary Arrangement as an alternative to bankruptcy if they cannot afford their debts. This is in response to the Aviva Family Finances Report, which states that more than half (52%) of UK [...]

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“Everybody needs an enemy, and instead of going after the problem, they want to take a swing at payday [lending].”
Payday loan industry trade group lobbyist Lee Miller defends his industry and believes opponents should look at the true cause of financial difficulties… Miller believes that excessive fees from traditional financial institutions and utility companies drive people [...]

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There is no doubt that getting a start up business loan to get your business up and running is one of the most important loans in life. While a home loan might be the largest ever granted, the significance of financing for a business rests on the fact that the business will pay the salary [...]

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“It got to the point I owed so much on check advance loans, I couldn’t make my car payment… I think I had up to nine loans at one time. Each payday, I had to run from place to place to pay them off, roll them over or take out a new one.”
Payday loan consumer Wendy [...]

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Brazil Outstanding Loans Rose at Second-Fastest Pace of Year December 22, 2011, 3:11 AM EST Business Exchange E-mail Print More From Businessweek BRIC Decade Ends With Record Stock Fund Outflows as Growth Slows Brazil Real Gains Before U.S. Economic Data; Futures Yields Fall Brazil to Remain Bigger Economy Than U.K., Finance Minister Says Brazil Economists [...]

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DP Bureau (and its subsidiary CL Verify) offers identity verification, payday advance history reporting and other decision support solutions to payday lenders.
When you apply for a personal loan, lenders will usually check your record at DP Bureau, Teletrack or both… From their website:
DP Bureau’s data products give lenders an accurate up-to-the minute view of a consumer’s [...]

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Beware the add-ons if you take out an unsecured short-term payday from a bank: exorbitant interest rates in the region of 30 percent administration charges and life assurance premiums could see your paying back an additional 60 percent-plus on the loan. The life assurance which covers the loan in the event of death, disability [...]

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“Despite the demand for basic financial services, access to banks has become more difficult over time for many consumers. Many banks have chosen to close their less profitable or lower-traffic locations. Typically, these closings have occurred in lower-income neighborhoods where the branches have failed to attract a sufficient base of customer deposits. This trend has [...]

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