Lower rates do not respond to short-term loans | Editorials
Consumer advocates and those trying to protect those less fortunate are bracing for a fight that…
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interest rates
Fintech Focus: Auto Title Lender LoanMart Agrees to Terminate Banking Partnership Lending Program…
On December 14, 2021, Wheels Financial, LLC (d/b/a LoanMart) entered into a consent order with the California Department of Financial Products and Innovation (DFPI) in which the company agreed to end its lending partnership with Capital…
How do car title loans work?
All loans carry risk if they are not reimbursed on time. However, a car title loan has a particularly troubling consequence if you don't meet your payment obligations: the lender can repossess your vehicle. Before you consider getting a…
5,000 fake employers reported on car loan applications since 2019: here’s how to spot them
“The increase in the use of fake employers for credit applications is staggering, and the billion dollar threshold only proves the growing threat of this problem,” said Justin Hochmuth, senior fraud analyst at Point Predictive, in a press…
What is a builder loan and how does it work?
Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as "Credible", is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us…
Are you considering a car title loan? Understand these 4 things
Auto title loans are a type of personal loan secured by your…
6 best personal loans of January 2022 | Personal finance
Can you use a personal loan for anything?Taking out a loan on behalf of someone else or using it for any form of gambling, including investing, is totally prohibited with any type of personal loan. Some lenders restrict lending a bit more…
State Must Cap High Interest Lending – Now My opinion
Every day in New Mexico, people find themselves trapped in the cycle of high interest consumer loans - in…
DFPI Reports Increase in Consumer Loans Under $ 2,500, Decrease in Consumer Loans Between $ 2,500…
On November 16, the Californian DFPI published Version 2.0 of its Annual Report PACE lenders, brokers and administrators licensed under the California Finance Act (CFL). The annual report examined unaudited data collected from CFL…
Payday loans are a problem. Can a public bank be part of the solution?
When the coronavirus first threatened the health and finances of Americans, Tiffany Moore of Forest Park first approached an installment lender in hopes of financial relief.
The good news: She got approval for a loan of $ 9,500 to…
California DFPI loan report released Buy Now Pay Later
On November 16, the Californian DFPI published Version 2.0 of its Annual Report financial lenders, brokers and PACE administrators licensed under the California Finance Act (CFL). The annual report examined unaudited data…
Attorney General Josh Shapiro announces wins in cases against out-of-state car title lenders –…
Delaware-based CashPoint and Owner Sentenced to Pay $ 8.5 Million, Cancel $ 3.2 Million in Outstanding Loans
HARRISBURG - Attorney General Josh Shapiro today announced victories in two…
Small loans are up to 24 times cheaper at Oportun, which uses AI to assess credit risk and score…
Posted 02-11-21Proposed byOpportuneSAN CARLOS, Calif., Nov. 2, 2021 / CSRwire / - Today, Oportun (Nasdaq: OPRT), an AI-powered fintech that gives hard workers access to responsible and affordable loans, released the findings of the!-->!-->…
4 types of emergency loans
If you don't have enough cash on hand or in your rainy day fund to cover an emergency expense, using an emergency loan can be a good option. Most types of emergency loans can provide you with quick access to cash. Plus, some have…
Personal loan review Before
The Select editorial team works independently to review financial products and write articles that our readers will find useful. We may receive a commission when you click on product links from our affiliate partners.Whether you need a few…