Delinquent debts are still an unfortunate reality in the United States. Over the ten years ending in 2021, the delinquency rate on consumer loans averaged roughly 2.3%, though it reached 4.85% during the recession of 2009. In a country with over 330 million citizens, a significant number of people fall behind on their debts each […]
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A guide for those looking to determine whether or not a 0% balance transfer card will help them get out of debt. What is a 0% balance transfer card? A balance transfer involves moving your outstanding credit balance from one account to another with a lower interest rate. A 0% balance transfer card is ideal
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Somehow, payday loans are still somewhat divisive in our country. Attitudes toward the industry vary significantly between states. While some feel strongly that the practice is immoral and abusive, others feel that lenders should be able to charge rates as they see fit. The federal government has little control over the matter, and each state
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Payday loans are supposed to be a way for people with bad credit to get fast cash in emergencies. Unfortunately, they often cost so much that they cause more problems for borrowers than they solve. It’s up to each state to create regulations that protect its consumers from the debt these loans represent, and these
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In 2023, payday lending is still a controversial topic in America. While many Americans find the practice of usury inhumane and distasteful, there are just as many (if not more) who feel that businesses should have free reign to do as they please. Because states have the power to regulate payday lending within their borders,
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Despite its predatory reputation, payday lending still occurs frequently across America. Because the industry is regulated by state officials — not the federal government — the rules are inconsistent. Here’s what you should know about the Colorado payday loan laws if you live in the state. Payday lending status in Colorado: Prohibited Colorado’s Proposition 111,
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Payday loans have short repayment terms, high interest rates, and small principal balances. Because they frequently trap borrowers in a cycle of debt, some state governments limit or prohibit them, but that’s not true of the entire country. Here’s what you should know about the Tennessee payday loan laws if you live in the state.
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The debate over the necessity and morality of payday loans has been going on for years, but they’re still legal in most parts of the United States. Unfortunately, each state government has the authority to regulate them within their borders, and they all take a different approach. Here’s what you should know about the Florida
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Payday loans have long been controversial for their tendency to trap borrowers in a cycle of debt. Unfortunately, individual states have the authority to regulate them within their borders, and many choose to allow the predatory industry to continue charging unreasonable interest rates. These are the California payday loan laws. Payday lending status in California:
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Payday loans are an extremely expensive form of short-term borrowing and often trap people in a cycle of debt. Some states have tried to protect consumers by prohibiting the industry, but most still allow it to continue to some degree. If you live in Oklahoma, here’s what you should know about the state’s payday loan
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