Monthly Archives: May 2021

This is the main reason why payday loans are so dangerous

Payday loans are expensive and charge very high fees which must be repaid within a short period of time. In fact, you could end up paying an effective APR over 400% if you take out a payday loan. Despite this disadvantage, many people use payday loans anyway. And there are …

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More startups and venture capitalists are banking on subprime lending alternatives – Crunchbase News

Fintech startups are increasingly looking into loans for more than a third of Americans with subprime credit scores. Their vision is to turn a negative connotation into one that not only helps short-term borrowers, but builds their credit and provides financial education. Subscribe to Daily Crunchbase The term “subprime” is …

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The 5 main advantages of applying for a loan online

In this technologically advanced age, applying for loans online has become a common practice among people of all walks of life. The concomitant advantages of online loans make it an advantageous option over bank loans by far. The practice has become more prevalent recently as people have now increased their …

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Russia’s payday loans hit record high in March

The Russians took out a record 2.35 million payday loans in March, according to data compiled by consumer credit rating agency Equifax Russia and reported by state media on Friday. As a sign of the Russians’ growing reliance on small loans, Equifax said high-interest microloans rose 17% since February and …

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