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Keyword Search Results

Payday Loans

1. English: Watch Where You Get Credit
   This publication explains the various sources of credit—from credit unions to pawn shops—and includes warnings about credit that consumers might want to avoid.
2. English: Be Careful Where You Get Credit - Powerpoint Slides
   This presentation is a companion to the brochure "Watch Where You Get Credit," which compares various sources of credit—from credit unions to pawn shops.
3. Press: 391 percent payday loan
   It seems like just a little loan, a few hundred dollars in advance of payday. But at an interest rate of $15 per $100, that little loan gets big in a hurry. And if another…
4. Press: Borrowers bled dry
   State legislatures unknowingly legalized loan sharking when they exempted short-term, “payday” lenders from usury laws that generally capped interest rates at about 36 percent. The lenders, which now charge interest of 400 percent or more,…
5. Press: Arizona warns payday lenders about new law
   Arizona Attorney General Terry Goddard on Wednesday warned payday loan stores not to try to keep operating as usual after a law authorizing their high-interest loans expires at the end of the month. Speaking in…
6. Books: BROKE, USA
   This is a report from the economic fringes by Gary Rivlin, who spent two years writing this expose of the “poverty industry.”  While doing his research, Rivlin hung out at the annual check cashers convention,…
7. Press: Social Security benefits need protection from payday lenders
   Over the years, I’ve met too many people who were stuck in a hellish payday-loan cycle, rolling one loan into another until the fees and the outstanding balance crushed them. So I completely agree with…
8. Press: Big banks key role in financing payday lenders
   People who pay high fees to borrow from so-called payday lenders generally don’t have bank accounts, but that doesn’t mean banks aren’t making money from them. Major banks led by Wells Fargo & Co., US…
9. Press: How online payday loans can get you in trouble
   Kim Higdon separated from her husband of more than 25 years, taking nothing but her clothing and daughter. She managed to scrape by until she broke a tooth. The dental bill took all the money…
10. Press: Former Google exec jumps into payday lending with ZestCash
    A former Google executive has moved from the world of Internet searches to the world of high-interest, short-term lending. He says his operation, ZestCash.com, offers an innovative way to help the poorest borrowers avoid financial…
11. Press: Millennials use alternative financial services
    Payday loans, check cashing and prepaid debit cards have found a new customer in the cash-strapped twentysomething. Under-banked Millennials are using alternative financial services such as these at similar rates regardless of income level, according…