Skip to main content

Russia’s Overdue Payday Loan Portfolio H

The number of overdue payday loans in Russia hit a record high of 5.4 million in February, according to consumer credit ratings agency Equifax. In total, Russians owe 172 billion rubles ($2.2 billion) to microfinance organizations — ultra short-term loans which typically come with high interest rates and are designed to tide over borrowers for […]

Best Military Payday Loan Alternatives f...

Military members and their families do so much to serve our nation that it’s surprising to find out that they’re unfairly targeted by predatory lenders. But that is, in fact, the case. The Consumer Federation of America recently released a report that noted that predatory lenders target military personnel and their families. Predatory lending is […]

Perfect Payday Payday Loan Review

Are you struggling financially? If you’re struggling financially and would like to speak to someone for free financial advice, information and assistance you can call the Financial Counsellors hotline on 1800 007 007 (open from 9:30am to 4pm, Monday to Friday). If you are suffering financial problems related to the coronavirus pandemic you may be […]

Payday Loan Alternatives | The Motley Fo...

How does a payday alternative loan work? Payday alternative loans (PALs) are small-value loans offered by federal credit unions. PALs are allowed by the National Credit Union Administration as long as certain guidelines are met. First and foremost, you must be a member of the credit union, and you must have been a member for […]

How to Get Out of Payday Loan Debt Now

The key is to shop around and find a loan at the most affordable rate and with the most favorable possible terms. If you’re able to get a personal loan, you can significantly reduce the interest rate and borrowing costs you pay compared with payday loans. More of your money will go towards paying down […]

Payday Loan Alternatives Becoming More W...

In perhaps the most unprecedented shift, the Consolidated Appropriations Act of 2021, designed to provide financial relief during the pandemic, included $3 billion specifically for the CDFI Fund, which provides financial assistance to CDFIs and Minority Deposit Institutions (MDIs). That amount almost equals what the fund has received in total since its inception in 1994. […]

Can’t repay a payday loan? What should y

Your options when you cannot make your payments What are the options you have when you struggle to make your payments on a bad credit loan? First, you need to admit that there is a problem for yourself. There is no doubt that you will be trying to think of as many different ways to […]

Where Can I Get a Payday Loan?

Image source: Getty Images Before you visit your local payday lender, consider the alternatives. If you’re looking for a small loan, you may be tempted to use a payday lender. After all, they make it seem so easy: Walk in, provide some basic information, and walk away with the money you need. Payday lending companies […]

Afterpay-Westpac ‘Retro’ painted with pa

Afterpay’s new ‘Retro’ feature retroactively divides a payment into four instalments, which critics say is no better than a payday loan or wage advance. Announced on Wednesday and scheduled for launch next month, Afterpay’s collaboration with Westpac retroactively divides a payment into four instalments, based off a transaction in the past 72 hours. The Retro […]

BNPL Could Be the Next Payday Loan Fiasc...

Buy now pay later (BNPL) is serious business. Fintech firms are popping up at a relentless pace, offering staggered online shopping repayments without interest. The typical shopper experience, let’s say on a pair of £30 shoes, looks like this: Klarna offers to let you pay in three monthly £10 instalments. Laybuy says you can spread […]