Payday Loan – Anne Stuhldreher: A better system for payday loans
Filed under: Finance, Loan, Secured Loan, banking, payday-loans
Payday Loan – Anne Stuhldreher: A better system for payday loans
Last week, San Francisco unveiled a program that other communities would be wise to follow. It will be the first city in the nation to partner with local financial institutions to market an alternative to the pricey payday loans that are sending too many borrowers into economic spirals.
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Payday Loan – Payday Only: The One-Stop Shop for All Payday Loan Information
Payday Loan – Payday Only: The One-Stop Shop for All Payday Loan Information
A spokesperson from Payday Only commented, “Our research on customers’ problems with payday loans pointed to just one thing – lack of information to make an educated shopping decision. So, we put in our best efforts to create a website that makes loan shopping simpler. The rich mix of features and interactivity further adds to the overall experience.”
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Payday Loan – Armed robbers hit payday loan business
Payday Loan – Armed robbers hit payday loan business
Armed robbers used rope to bind employees and customers at a Lancaster payday loan business, then fled with a sack full of money Wednesday morning.
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Student Loans – Recent New Jersey college graduates amass $20,169 in debt
Filed under: Finance, Loan, Student Loan, banking, credit
Student Loans – Recent New Jersey college graduates amass $20,169 in debt
At Rutgers University, the debt at graduation averaged $16,300, according to the report. But another public school, the New Jersey Institute of Technology, had a student debt average of $27,930.
What’s next: Legislation pending in Congress would expand the number of students eligible and the dollar amounts available for federal loans and grants.
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Home Loan – United Bank of India launches home loan at 8 percent
Filed under: Finance, Loan, Mortgage, banking, credit
Home Loan – United Bank of India launches home loan at 8 percent
The city-based state-run United Bank of India (UBI) has launched an eight percent home loan scheme available till March 31 next year, a release said here Tuesday.
The bank would charge eight percent interest on home loan for the first year and nine percent for the second to fourth years.
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Repayments Loans – Centro gets extensions on loans repayments
Filed under: Finance, Loan, Secured Loan, banking, credit
Repayments Loans - Centro gets extensions on loans repayments
Centro Properties Group says noteholders have agreed to extend five loans worth $370 million due to mature this month.
Around $45 million of the loan amount now will be repaid through asset sales, $52 million will be extended to December 2010, and $273 million is extended to December 2011, Centro said.
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Home Equity Loans – Do you dare tap your home equity?
Home Equity Loans – Do you dare tap your home equity?
You’ve heard by now that one-quarter of U.S. homeowners with a mortgage are “underwater” on their loans, owing more than their houses are worth.
That percentage is likely to grow. Deutsche Bank predicts nearly half of mortgaged homeowners, or 25 million households, will be underwater by the time the housing recession ends. That’s grim, but the flip side is that most U.S. homeowners still have equity in their homes — sometimes a lot of equity.
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Payday Loans Lenders – Payday lenders try to get high interest rates through a loophole
Filed under: Finance, Loan, Secured Loan, banking, credit, payday-loans
Payday Loans Lenders – Payday lenders try to get high interest rates through a loophole
Payday lenders argue that they provide a needed service for low-income people and those who are unable to get access to small short-term loans or are unwilling to take out larger loans from banks or credit unions. Payday lenders said that they provide a quick cash alternative for folks without sparkling credit, and industry lobbyists have successfully scuttled General Assembly proposals that would have put concrete caps on annual interest rates.
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Student Loans – Offers Fixed Rates On Student Loans
Filed under: Finance, Loan, Student Loan, banking, credit
Student Loans – Offers Fixed Rates On Student Loans
As described, NYHELPs’ fixedrate student loans are designed to fill the gap between college costs and available financial aid for New York students attending participating New York State colleges and universities. The program creates a public-private partnership with the state, the banking community and colleges to ease the burden of financing education for students and their families.
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Payday Loans – Usury, Payday Loans and Rent-To-Own Laws Needed to Protect Poor
Filed under: Finance, Loan, banking, credit, payday-loans
Payday Loans – Usury, Payday Loans and Rent-To-Own Laws Needed to Protect Poor
Payday loans were an iffy industry and the Tennessee Legislature decided they needed to be “regulated.” Once the bill was passed it didn’t “regulate” payday loans. It made them legal and turned them into thriving enterprises that hook the poor on a treadmill and extort up to 400 percent interest on their loans. If you need money badly and you borrow your next paycheck, what is the likelihood you will be able to pay off the loan and interest when your next paycheck comes? So you “flip” the loan and do it again, forever. Paying ridiculous charges each time.
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