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Can consumer loans ever be so expensive they break the law? The California Supreme Court says yes

California’s high court has ruled that interest ra.....»»

Category: topSource: latimesAug 13th, 2018

NerdWallet: 10 (legal) ways to scrounge up rent money

If you’re scrambling to make rent, try these steps first before resorting to high-interest loans......»»

Category: topSource: marketwatchMay 11th, 2020

People think opening a credit card is bad for your credit score, but that"s a myth — using it responsibly can actually make your credit better

Crystal Cox/Business Insider A high credit score can open lots of doors, from getting you more favorable interest rates to helping you get approved for mortgages and other loans. It's a commonly hel.....»»

Category: topSource: businessinsiderDec 19th, 2019

Super-rich families pour into $787 billion private debt market

While banks are pulling back from lending, ultra-high-net-worth individuals are offering direct loans in return for high yields......»»

Category: personnelSource: nytDec 10th, 2019

California advances bill to cap consumer loan interest rates

SACRAMENTO, Calif. (AP) — California lawmakers approved legislation Friday to cap interest rates for consumer loans, a measure that supporters say is designed to blunt predatory lending practices......»»

Category: topSource: moneycentralSep 14th, 2019

California advances bill to cap consumer loan interest rates

SACRAMENTO, Calif. (AP) — California lawmakers approved legislation Friday to cap interest rates for consumer loans, a measure that supporters say is designed to blunt predatory lending practices......»»

Category: topSource: moneycentralSep 14th, 2019

"The Broke And Beautiful Life": Millennials Now Use High-Interest Loans To Pay For Weddings

Millennials, already the most indebted generation of all time, are now flocking to high-interest loans to tie the knot, reported the Washington Post. Demand for wedding loans has quadrupled in the past .....»»

Category: blogSource: zerohedgeJun 29th, 2019

FTC, Manhattan prosecutors probe costly small-business loans

The Federal Trade Commission has opened an investigation into potentially unfair or deceptive practices in the merchant cash-advance industry, which offers unregulated, high-interest loans to small... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMay 26th, 2019

Is using a personal loan to pay off credit card debt a good move?

Personal loans often have relatively high interest rates, but many people take them out to consolidate credit card debt that carried even hi.....»»

Category: topSource: usatodayMar 16th, 2019

5 Tips to Get Approved for a Personal Loan for Debt Consolidation

If you need relief from your high-interest loans or credit card debt, you may be considering a personal loan. Offered by many banks and credit unions, personal loans let you consolidate or refinance your debt into a lower-interest .....»»

Category: topSource: moneycentralMay 15th, 2018

As Mortgage Loan Rates Hit Multiyear Highs, New Mortgage Applications Skid

All types of mortgage loans saw interest rates post multi-year highs last week according to the Mortgage Bankers Association. This week's loan rates have remained high......»»

Category: blogSource: 247wallstMay 23rd, 2018

Auto loan rates at nine-year high

Interest rates on auto loans have surged above 5%......»»

Category: topSource: foxnewsJun 1st, 2018

Can an interest rate be "unconscionably" high? The California Supreme Court will decide

Can a loan be too expensive? That question, .....»»

Category: topSource: latimesJun 5th, 2018

Bitcoin’s High Price Last Year Might Have Been Artificially Inflated

Bitcoin may have gotten so valuable thanks to market manipulation, not investor interest. That super high price we saw for Bitcoin.....»»

Category: europeSource: fortuneJun 14th, 2018

3 Ways to Dodge a Bad Student Loan

You might not use the word “good” to describe student loans, but not all of them are bad. A truly bad loan has high interest rates, few repayment options or….....»»

Category: topSource: moneycentralJun 27th, 2018

Facebook tested plane-mounted lasers that fire super high-speed internet

Facebook quietly tested plane-mounted experimental lasers that can provide high-speed internet in the skies above California.....»»

Category: topSource: moneycentralJun 29th, 2018

Attorney general candidate to return donation after reporter’s inquiry

An Oklahoma Native American tribe whose short-term, high-interest loans were banned by the Cuomo administration just gave $10,000 to the frontrunning candidate for state attorney... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkSep 8th, 2018

U.S. consumer regulator sues pension lender for misleading borrowers

The U.S. Consumer Financial Protection Bureau has filed suit against Future Income Payments, a Nevada company that offers cash advances in exchange for future pension benefits, which the regulator said are actually exceptionally high-interest loans......»»

Category: topSource: reutersSep 13th, 2018

Storefront lender accused of pushing customers into taking out big loans without interest rate caps

California regulators want to seize Cash Am.....»»

Category: topSource: latimesSep 17th, 2018

Major banks now offering high-cost loans for nasty surprises

U.S. Bank has begun to offer small loans to help customers deal with unexpected expenses like a car repair. The interest rate is about 70 percent......»»

Category: topSource: moneycentralSep 21st, 2018