Monthly Archives: July 2021

Are Online Loans Safe?

The first bank in the United States opened in Philadelphia in 1791. Until recently, getting a loan worked only one way: Answer. Today, you have other options, including online lenders with less overhead and potentially lower interest rates. But are online lenders safe? Here, we’ll take a look at how …

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Californians Take 40% Less Payday Loans During Pandemic: Report

A Super Flower Moon rises through low clouds over the city of San Diego, California, United States on May 25, 2021. REUTERS / Mike Blake Register now for FREE and unlimited access to reuters.com Register now Total amount borrowed decreased by $ 1.14 billion in 2020 Decline in part of …

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Manchester council vows to crack down on ‘scourge’ of city payday lending companies

Manchester council has pledged to fight payday loan companies opening new stores on the city’s main streets. A motion to tackle the “scourge” of companies offering short-term loans with “punitive” interest rates received unanimous support from councilors on Wednesday. The bosses of the town hall will now take measures to …

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More states impose interest rate caps on payday loans

By Annie Millerbernd | Nerdwallet Low-cost, short-term lenders, unencumbered by a maximum federal interest rate, can charge borrowers rates of 400% or more on their loans. But more and more states are reducing that number by setting ceiling rates to curb high-interest lending. Currently, 18 states and Washington, DC, have …

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Are government interest rate caps an automatic gain for borrowers? Payday Loans Minnesota Illinois Chicago Email

Low-cost, short-term lenders, unencumbered by a maximum federal interest rate, can charge borrowers rates of 400% or more on their loans. But more and more states are reducing that number by setting ceiling rates to curb high-interest lending. Currently, 18 states and Washington, DC, have laws that limit short-term loan …

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Google Pay Enables Online Loans For Small Businesses In Partnership With The FlexiLoans Digital Loan App

Credit and Financing for MSMEs: FlexiLoans said it was the first lender to go live on the Google Pay platform. The company said it has disbursed unsecured business loans worth over Rs 1,000 crore over the past four years and has access to over 5 million MSMEs nationwide. Credit and …

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