However, Councilwoman Sheila McNeil says too many of the payday loan and check cashing businesses are popping up in poor neighborhoods and possibly preying on too many poor families. McNeil and the rest of city council are considering a possible plan to regulate where the businesses can open. McNeil calls the businesses predatory and points [...]
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As a result, credit union members and bank customers are turning to payday loan companies. These sky-high interest rates prompted the Ontario government to introduce legislation yesterday that would cap how much payday loan companies could charge and ban controversial practices like issuing concurrent and back-to-back loans. As a result of current work it is [...]
But don’t think they can’t guestimate your income based on the size of your mortgage, car payment, credit card debt and total credit lines available. If you don’t have access to low rates due to your credit, start improving your credit history so some of those lower cost options WILL be available. Build a credit [...]
Arkansas’ attorney general wants to shut down payday lenders in his state, and he’s sent letters to some 60 companies doing business there, telling them to pack up, ship out, and — oh yeah! Hood has been accused of colluding with trial lawyer Dickie Scruggs — who just pled guilty to bribery charges in an [...]