28 Jul 14

Knoxville Bankruptcy Attorneys, Clark & Washington, Debunk Popular …

Another misconception about bankruptcy Knoxville bankruptcy experts wish to debunk is that it permanently ruins your credit. For those who actually go through the process of filing for bankruptcy, they become surprised at how quickly they start to receive credit offers again and how fast their credit score becomes repaired. On average, it takes about seven to 10 years to fully repair your credit, but you may qualify for secured credit cards about six to » read more.


Link Category: Secured Credit Cards



28 Jul 14

Investigation leads to $10M settlement with payday lender ACE Cash Express

Texas-based ACE Cash Express, a large payday lender with a franchise store in Hattiesburg, has been hit with $10 million in penalties from the fledgling Consumer Financial Protection Bureau. ACE Cash Express, CFPB Director Richard Cordray charges, was “relentlessly overzealous” in pursuit of overdue borrowers. ACE Cash Express unlawfully called employers of tardy borrowers and threatened borrowers with lawsuits and criminal prosecutions ACE Cash Express is the largest owner and operator of check cashing stores » read more.


Link Category: Payday Loans



27 Jul 14

Banks can’t insist on minimum 60% marks to extend educational loans: Madras …

The bank filed the present appeal saying candidates who have secured 60% marks and above alone are eligible to get education loan as they alone can be treated as meritorious candidates. Rejecting the submissions, the bench said, The Government of India launched the scheme of providing educational loans to the economically disadvantaged people, through nationalised banks. Sanction of educational loan is not free, but it is repayable with interest at a later point of time, » read more.


Link Category: Educational Loans



27 Jul 14

Schnurman: Payday lenders become a grass-roots target

Last week, AARP was meeting with seniors at a church in Austin. A few weeks earlier, the Texas Catholic Conference was doing similar work in Corpus Christi. And on Monday, Dallas City Council member Jerry Allen goes to Amarillo. The three, along with other consumer advocates and faith-based groups, have been barnstorming Texas to rally against payday lending. They’re advising people on how to escape the high-price loans. They’re collecting video testimonies — “the faces » read more.


Link Category: Payday Loans



26 Jul 14

Credit cards: Keep tabs on your spending

You have landed a well-paying job after your graduation and soon it is time to receive your first salary. Once the salary is credited into your account, you start receiving calls from the bank offering you a credit card. So far you only had an add-on card that was linked to your parents#39; card and the spending was monitored and restricted by your parents. Here is a chance for you to have a card of » read more.


Link Category: Secured Credit Cards



26 Jul 14

Proposed payday loan restrictions could result in more bank provision of short …

Banking specialist Tony Anderson of Pinsent Masons, the law firm behind Out-Law.com, said that banks may gain more of a foothold in the payday loans market after the Financial Conduct Authority (FCA) set out proposed restrictions on the charges that payday loan companies can apply (141-page / 2.83MB PDF). Earlier this week the FCA launched a consultation on plans to prevent payday loans companies charging more than 0.8% of the amount being borrowed in daily » read more.


Link Category: Payday Loans



25 Jul 14

Texas cities work to rein in payday loans

(c) 2014, The Washington Post. In late 2012, Gail Rowlands eyesight was dimming. She was in her late 60s, and knew shed need a cataract surgery — but the insurance deductible was going to be $1,000. Shed lost most of her savings going through a divorce, and needed the rest for daily expenses, so the rest had to come from somewhere. Thats when she noticed an ad in Greensheet, a listings site, for The Cash » read more.


Link Category: Payday Loans



25 Jul 14

Oklahomans are using fewer payday loans

Oklahomans took out 803,675 deferred deposit loans in 2013 totaling more than $383.9 million, compared to 975,970 payday loans that added up to $399.1 million in 2012. The number of payday lenders in the state also are in decline — from 356 in 2010 to 290 in 2013, the data shows. A decrease in storefront locations for payday lenders is part of a national trend in the industry, said Diane Standaert, an attorney for the » read more.


Link Category: Payday Loans



24 Jul 14

Can I Live Without Credit?

By Mike Goldstein, Content Writer at Credit Karma I spend a lot of my time writing credit-related content. I havent always been a credit expert, but write a few dozen articles about any one topic and you start getting there. Since I spend so much of my time thinking about credit, I usually take the credit system for granted. I dont question its necessity or wonder how it got there in the first place. Instead, » read more.


Link Category: Secured Credit Cards



24 Jul 14

MICROCAPITAL BRIEF: India-based Ujjivan Financial Services Disburses …

Ujjivan Financial Services, a Bangalore-based microfinance institution, has disbursed local currency loans totaling the equivalent of USD 166 million, approximately 50 percent of its total loan disbursements this year, directly to customer’s bank accounts. This was facilitated by helping clients open bank accounts, activating dormant accounts and training customers to use the accounts, as well through the use of automated teller machines (ATMs). During 2013, 780,000 customers in semi-urban and rural areas and 510,000 customers » read more.


Link Category: Educational Loans




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