Your credit score is calculated by factors that are often counterintuitive. One of the largest problems people face when trying to improve their credit is that they are ill informed. You heard your friend so and so say that this could help your credit, or your other friend said that could help your credit. Well [...]
In 2007, Congress passed a 36 percent rate cap on payday, auto title and tax refund anticipation loans to the military. The move was prompted by a Defense Department report that stated that "predatory lending" undermines the morale of troops and families." The payday lending industry charges the typical borrowers (non-military) a whooping 500 percent [...]
According to an article in the Star-Telegram, the Texas Legislature is attempting to pass legislation that would establish government oversight in the largely unregulated payday loan industry.The article said: Among the measures are licensing requirements, a 36 percent limit on interest rates charged on such loans, establishment of maximum fees allowed and oversight of debt-collection [...]
As job losses increase in the Dallas-Fort Worth area many people are living paycheck to paycheck and feeling forced to take out payday loans just to make it to the end of the month. But many of those people find that they are not able to repay the payday loans even once they receive their [...]