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Refund Anticipation Loans: A Better Alternative
A Refund Anticipation Loan (RAL) is one in which the short-term loan is secured by the taxpayers expected tax refund and is structured so as to give customers who are waiting for their tax refund quicker access to the same. These can be an alternative ...
Disadvantages of Payday Loans
Payday loans which are also called paycheck advances, cash advance loans, or check advance loans are short term loans that are offered for approximately one to four weeks. The name payday loan is the result of people borrowing on the promise of a payback on ...
Payday Loans Glossary of Terms: Part – IV
This is a continuation of the third part of the glossary of terms related to payday loans in particular. This may help you in filtering the jargon out of the subject matter and understand the terminology used in payday loans. Hope you find this part ...
Payday Loans Glossary of Terms: Part – III
This is a continuation of the second part of the glossary of terms related to payday loans. Hope you find it beneficial in understanding the subject and perhaps save money and avoid personal debt through awareness and knowledge of the jargon and technicalities involved in ...
Payday Loans Glossary of Terms: Part – II
This is the continuation of the first part of the glossary of terms related to payday loans. Hope you find it useful if and when you decide to choose such type of loans. Credit reporting agency (CRA): They assemble financial data about borrowers. The three chief ...
Payday Loans: Glossary of Terms – Part I
Payday loans have come under a lot of criticism in the United States and in many countries because of their predatory lending practices and other shady acts that are detrimental to people who are in the low income group and can only rely on payday ...
Predatory Lending and Payday Loans
Predatory lending is a very broad concept but can be defined as the practice of lending in a fraudulent and abusive manner. This means that lenders take advantage of people who are in need of finances and have bad credit history and often become the ...
Installment Payday Loans : The Last Option
These are a newer version of payday loans and as the name itself suggests offer repayment option of paying in installment. However the downside to such loans is that the interest rate is very high. Sometimes the interest can be more than thirty percent of ...
Faxless Payday Loans: An Expensive Alternative
A faxless cash advance or payday loan is a short-range loan that is agreed based on service income and verification of payroll direct deposit. A cash advance is also called as a payday advance and owes in complete on your subsequent payday. No credit checks ...
Online Payday Loans: A Quicker Option
Online payday loans are marketed through e-mail, online search, paid ads, and referrals. Typically, a consumer fills out an online application form or faxes a completed application that requests personal information, bank account numbers, Social Security number and employer information. Borrowers fax copies of a ...
What Are Payday Loans?
A payday loan (also called a paycheck advance or payday advance) is a tiny, short-term loan that is planned to cover a borrower's everyday expenditure until his or her subsequent payday. The loans are also sometimes called cash advances, though that term can also refer ...
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- Predatory Lending and Payday Loans
- Installment Payday Loans : The Last Option
- No Credit Check Loans: “Interesting” Instruments
- Faxless Payday Loans: An Expensive Alternative
- Bad Credit Loans
- Payday Loans Glossary of Terms: Part – IV
- Online Payday Loans: A Quicker Option
- Payday Loans Glossary of Terms: Part – III
- What Are Payday Loans?
- Payday Loans: Glossary of Terms – Part I
