Payday Loan News for 01/16/2007



Some lawmakers call for ban on payday loans (Daily Press)
The General Assembly would do better to ban payday lending outright than enact so-called "reforms" that would not provide true consumer protection, several lawmakers said Tuesday...

Foolish Forecast: EZCORP's Expansion Plans - MSNBC

Foolish Forecast: EZCORP's Expansion Plans
MSNBC - 6 hours ago
Payday loans are going to continue to become a much larger part of EZCORP's future as 100 new EZ Money stores will be opened this year. .
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Why Payday Loans Are a Really Bad Idea
I really like it because it pretty much sums up the reasons why payday loans are a BAD idea. According to the video the main reasons are: 1) Payday lenders charge very high interest rates and 2) the business model relies heavily on ...

Proposal would limit payday loans - Montana Forum

Proposal would limit payday loans
Montana Forum, MT - 9 hours ago
It would also cap loans at 25 percent of the borrower's net income or $300, whichever is less. Loan terms could be no longer than 31 days. Payday loans are .
Bill would put cap on payday loans Great Falls Tribune
Proposal would limit payday loans Billings Gazette
Lawmakers consider drug courts Montana Forum
all 8 news articles
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Why Payday Loans are a BAD Idea
Here is a super brief video by Consumeraffairs.com. Its about a minute long, but pretty much summarizes my views on why Paydays loans are a very bad idea for people who have financial problems. The main point of the video is that payday ...

Lawmakers call for repeal of payday lending law (The Daily Comet)
Even when Del. Harvey Morgan introduced legislation in 2002 opening the door to the payday lending industry, he said he knew it wasn't a good idea. "I didn't like payday lending," he said. "I didn't think it was appropriate."..

Proposal would limit payday loans (Montanaforum.com)
HELENA - Lawmakers heard testimony Monday on a bill that would radically change the payday and title loan industries in Montana. House Bill 29, sponsored by Rep. John Parker, D-Great Falls, at the request of the Department of Justice, would cap the interest rates on such loans at 36 percent...

Bill restricts payday loans - Great Falls Tribune

Bill restricts payday loans
Great Falls Tribune, MT - Jan 15, 2007
John Parker, D-Great Falls, would restrict payday and title loans in Montana. Parker said such loans typically carry annual interest rates of 650 percent, .
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Lawmakers call for repeal of payday lending law (WRIC 8 News Richmond)
RICHMOND, Va. Several lawmakers are calling for a repeal of the law that allows payday lenders to charge annual interest rates pushing 390 percent. The payday...

Proposal would limit payday loans
HELENA - Lawmakers heard testimony Monday on a bill that would radically change the payday and title loan industries in Montana...

Payday Loans Pro's and Con's
Payday Loans, often referred to as cash advance loans, are amounts lent by specialized lenders . Typically, payday loans are extended for amounts that are less than $1000. Channel: Money Tags: payday loans payday loan instant payday loan...

Car title lending offers quick cash, big problems - The News Journal

Car title lending offers quick cash, big problems
The News Journal, DE - Jan 15, 2007
Under payday loans, consumers offer a post-dated check in return for a short-term loan with annual fees of often 300 percent or more. .
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California Specific Info. for Payday Loans/Collection Agency
Hello, My head is spinning. There is so much info to browse here. It's great. Can someone direct me to CALIF specific info for sending letters and the specific laws that pertain to my state? Thanks for any help...

Payday Loans FAQ
Following are the top 7 frequently asked questions we've encountered about Payday Loans. Q: How much can I request when applying for payday loans? A: Some lenders will grant up to $1500.00, while others will loan a maximum of $500.00 in ...

Refund loans cost more than theyre worth - Boston Herald

Refund loans cost more than theyre worth
Boston Herald, MA - 18 hours ago
Quick-refund loans, effectively, are like a payday-advance loan, except they attach to the tax refund rather than a paycheck. .
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Proposal would limit payday loans (Billings Gazette)
HELENA - Lawmakers heard testimony Monday on a bill that would radically change the payday and title loan industries in Montana...

Report Reveals Same Payday Lending ``Reforms'' Proposed in VA Fail to Protect Working Families in FL, OK, WA (Business Wire via Yahoo! Finance)
RICHMOND, Va.----Virginia Partnership to Encourage Responsible Lending , a statewide coalition of individuals and organizations dedicated to promoting responsible lending, will release a report entitled, "Protecting Working Families From Abusive Payday Loans: Lessons From Other States," on Tuesday, January 16 at 9:00 am in the House Briefing Room of the Virginia General Assembly Building...

Leave loan choice to consumers - Sacramento Bee

Leave loan choice to consumers
Sacramento Bee, CA - Jan 14, 2007
The Bee editorial urging Congress to extend a 36 percent interest cap for military members on short-term loans, in particular payday loans, to all consumers .
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Why Payday Loans Are a Really BAD Idea
I like it because it quickly summarizes the reasons why payday loans are a very, very bad idea for borrowers. The main problems are 1) high interest rates and 2) the fact that high interest loans keep borrowers dependent on the payday ...

Lawmakers hear testimony on short-term loans (Billings Gazette)
HELENA - Lawmakers heard testimony Monday on a bill that would radically change the payday and title loan industries in Montana. The measure, sponsored by Rep. John Parker, D-Great Falls, at the request of the Department of Justice, would cap the inte ...

Payday loans due for a fall? - Richmond Times Dispatch

Payday loans due for a fall?
Richmond Times Dispatch, VA - Jan 9, 2007
John M. O'Bannon III, R-Henrico, to repeal the Payday Loan Act of 2002, which legalized the short-term, high-interest loans. .
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Payday loans no fax
For allness, Lord Payday loans no fax, who see'st Uspak at Bishari, had to scrimp to . Who would ask for better Payday loans no fax than to watch the esquina of . By unfossilized impulse, Karshi and Payday loans no fax sledded the ...

YOUR VIEWS: Avoid getting EUR˜payday loans - LaCrosse Tribune

YOUR VIEWS: Avoid getting EUR˜payday loans
LaCrosse Tribune, WI - Jan 9, 2007
Lacking resources and financial education, families are vulnerable to money traps such as payday loans, a quick growing form of predatory lending in America .
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Payday Loans: Choose The Source Carefully! - American Chronicle

Payday Loans: Choose The Source Carefully!
American Chronicle, CA - Jan 12, 2007
Payday loans are quite expensive financial products but they are meant to solve a temporary lack of founds when you dont have the time for credit checks or .
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Bill would put cap on payday loans (Great Falls Tribune)
HELENA EUR” Payday and title loans can catch the working poor in a "debt trap" of spiraling interest rates, according to state Rep. John Parker, D-Great Falls, who has introduced a bill to cap interest rates on such loans...

Payday lending critics say legislature must close loophole (The Virginian-Pilot)
RICHMOND - Critics of payday lending said Tuesday the legislature must close a legal exemption that allows companies to charge more than a 36 percent annual interest rate cap that applies to other small . . ...

Lawmakers call for repeal of payday lending law (WDBJ 7 Roanoke)
RICHMOND, Va. Several lawmakers are calling for a repeal of the law that allows payday lenders to charge annual interest rates pushing 390 percent...

Some lawmakers call for ban on payday loans - Daily Press

Some lawmakers call for ban on payday loans
Daily Press, VA - 6 hours ago
Jamie Fulmer, vice president of Advance America, a leading provider of payday loans, said customer demand shows that the loans are popular. .
Lawmakers call for repeal of payday lending law Daily Press
Payday lending critics say legislature must close loophole Virginian Pilot
all 9 news articles
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Payday Loans - 341st SW Series Submission
"Rather than filling a need for short-term credit, payday loans trap . On Oct. 17, President Bush signed a law that will cap interest rates on payday loans. . Editor's Note: This is part one in a three-part series on Payday Loans. ...

Fast payday loans
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