Payday Loan News for 09/03/2007



Bad Credit Payday Loans resources
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No Credit Check Payday Loans
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Lawsuit filed against South Carolina payday lenders (WIS News 10 Columbia)
SPARTANBURG, SC (AP) - A Horry County couple has sued, saying payday lenders attract borrowers to what they call "unconscionable loans" and trap them in an endless cycle of trying to repay the loans...

Horry couple sues payday lender (The Myrtle Beach Sun News)
An Horry County couple has filed a lawsuit claiming payday lenders attract borrowers to "unconscionable loans" and trap them in an endless cycle of trying to repay the loans. State Sen. John Hawkins filed the lawsuit Tuesday on behalf of Mark and Rebecca Morgan of Horry County. Hawkins said he would seek to make the lawsuit a class-action. "We allege in this case that . payday lenders have ...

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BLOG BITS: Nonprofit payday loans; campaign finance failure - Kansas City Star

BLOG BITS: Nonprofit payday loans; campaign finance failure
Kansas City Star, MO - Aug 30, 2007
The New York Times has a story on a nonprofit organization that is offering payday loans in order to help debtors out of the payday loan trap. .
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Emergency Payday Advance Myths Debunked - PR-GB.com (press release)

Emergency Payday Advance Myths Debunked
PR-GB.com (press release), Bulgaria - Sep 1, 2007
While the popularity of pay day advances is growing, so are the myths surrounding them. If you are applying for payday loans for the first time, .
When your Bank Won't Lend you Money PR-GB.com (press release)
all 2 news articles
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Edwards takes shot at payday lenders - Spartanburg Herald Journal (subscription)

Edwards takes shot at payday lenders
Spartanburg Herald Journal (subscription), SC - Sep 1, 2007
In addition to Advance America, the industry leader, the suit names Carolina Payday Loans Inc., Check Into Cash of South Carolina Inc., Check 'N Go of South .
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Payday Lending Suit (Live 5 News Charleston)
A couple from Horry County is taking the payday loan industry to court. They've filed a class action suit saying payday lenders have trapped them in an endless cycle of loans they can never pay back...

The District Needs Payday Loan Reform, Not a Ban - Washington Post

The District Needs Payday Loan Reform, Not a Ban
Washington Post, United States - Sep 1, 2007
Payday loans are two-week loans, not annual loans, and applying an annual rate just doesn't work for short-term credit products. At that rate, lenders would .
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Class-action suit targets payday loan industry (The Greenville News)
A sweeping class-action lawsuit filed this week in state court seeks to take on South Carolinaʼs payday loan industry, alleging that lenders have engaged in "unconscionable" lending practices, should be forced to research borrowersʼ ability to pay back loans and should be required to pay damages...

Payday lenders flourish - The Coloradoan

Payday lenders flourish
The Coloradoan, CO - 13 minutes ago
Payday loan stores offer short-term loans to consumers by holding onto the borrower's signed check. The loan is supposed to be repaid by payday, .
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Payday loans in cap target - Bizjournals.com

Payday loans in cap target
Bizjournals.com, NC - Aug 25, 2007
by Adrian Burns A Republican legislator plans to propose next month that the annual percentage rate charged by payday lenders for short-term loans be capped .
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Couple Sues S.C. Payday Lenders (AP via Yahoo! Finance)
A South Carolina couple has filed a lawsuit claiming payday lenders attract borrowers to "unconscionable loans" and trap them in an endless cycle of trying to repay the loans...

Guaranteed Payday Loan - Emergency Cash Loan - American Chronicle

Guaranteed Payday Loan - Emergency Cash Loan
American Chronicle, CA - Aug 29, 2007
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Don't restrict short-term loans that help thousands in KC - Kansas City Star

Don't restrict short-term loans that help thousands in KC
Kansas City Star, MO - Aug 29, 2007
A January 2007 study by the Federal Reserve Bank of New York found not only that payday loans were not predatory, but that by increasing the supply of .
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Payday lenders flourish (The Fort Collins Coloradoan)
Mark Bohlinger says he can tell when an affluent family is down on its luck: They start bringing their high-end electronics, televisions, jewelry and guns to his College Avenue pawn shop...

Payday Loans, Nonprofit Style, Emerge to Mixed Response - New York Times

Payday Loans, Nonprofit Style, Emerge to Mixed Response
New York Times, United States - Aug 27, 2007
But alternative payday loans have also drawn criticism from some consumer advocates, who say the programs are too similar to for-profit payday loans, .
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Simpsonville rejects limits on new payday lenders (The Greenville News)
The Simpsonville City Council has rejected an ordinance that would have banned new payday loan, check cashing and title loan stores from opening in the cityʼs commercial districts...

Critic of payday lenders sues industry in S.C. (The Charlotte Observer)
LENDING A Myrtle Beach borrower who testified against payday lenders before an S.C. Senate panel last spring has sued the industry, claiming the loans were made without regard to his ability to repay them. The suit filed Tuesday in Horry County by John and Rebecca Morgan has ties that extend through the General Assembly and to some of the state's most powerful businessmen in Spartanburg.Two ...

Information on All Types of Payday Loans
Information on all types of payday loans including no fax payday loans, bad credit payday loans, and online payday loans to help people save money on their next payday loan...

Payday lenders face suit (The Post and Courier)
Companies violate laws, plaintiffs say -- With the help of two state lawmakers, a South Carolina couple is suing five payday lenders, including the industry leader, saying the companies knowingly make loans to borrowers who can't afford to repay them. ...

Payday lenders put their 2 cents in (Roanoke Times)
Lenders' payments to lobbyists and campaigns will likely grow as the General Assembly considers reform. Related Graphics Payday lender's campaign contributions Roanoke Valley payday loan stores What is a payday loan? A payday loan allows people to borrow, on a short-term basis, small amounts of money that a bank would not likely lend. Most payday lenders dont conduct credit ...

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A Way Out of Debt by Way of Iraq - New York Times

A Way Out of Debt by Way of Iraq
New York Times, United States - 5 hours ago
Last year Congress passed legislation prohibiting payday lenders from charging service members more than 36 percent EUR” effectively ending payday loans to .
For Americans in debt, Iraq offers a drastic solution Houston Chronicle
all 7 news articles
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