Missouri groups have already been active in terms of trying to increase minimum wage and reduce the maximum interest allowed on cash advances but other groups believe that this is not enough. This is why churches, bankers, non-profit agencies and lawyers have joined forces in Kansas City to create an alternative source of credit for [...]

While a number of states are seeking to reduce the maximum interest rate charged by payday lenders, New Hampshire Governor John Lynch has the opposite problem. He is trying to prevent legislation that would maximize the interest rate. In late January 2012, Lynch vetoed a proposal to increase the maximum annual interest rate to 400%. [...]

It seems as if US Congress is on a mission to render low income Americans utterly helpless as they continue to crack down on payday loans, one of the few places a low income family can turn to for immediate financial assistance. Banks are under fire for refusing to issue loans to small businesses as [...]

The anti-payday loan sentiment gripping some areas of the United States has spread to the church. Rev. Dr. DeForest Soaries, a senior pastor of the First Baptist Church, located in Lincoln Garden, New Jersey, is keen to start a campaign against instant cash loans across the nation. The Reverend received numerous phone calls after his [...]

Last week’s first public meeting involving the Consumer Financial Protection Bureau (CFPB) and relating to the payday loan industry was eagerly anticipated and was well attended. The meeting took place in Birmingham, Alabama and hundreds of storefront instant cash loan companies were in attendance. It is the beginning of the CFPB’s involvement in the industry, [...]

In the last article, we spoke about the unfair labels that were being attached to instant cash loans and were showing the fact versus the fiction. This second article will provide more of the same and show that online cash loans are an excellent way to solve a short-term financial crisis. Fiction #4 Instant cash [...]

What do you really know about instant cash loans other than what you hear from bank employees? The news is always filled with tales of bad lending practices by online cash loan companies. This is a convenient way of hiding the less than transparent practices of banks. Coming up are two articles which delve into [...]

We all know that statistics can be manipulated to suit an argument and nowhere is this more obvious than in the words of those who are on some sort of crusade against instant cash loan companies. Naturally, those who work into the banking sector are the most vehement in their protestations against online cash loan [...]

There are specific instant cash loans available to members of the military who have hit a financial brick wall. The United States loves its heroes and there are few braver men and women than those who proudly serve in the Armed Forces. We take these individuals for granted as they fight for liberty and justice [...]

Despite the fact that online cash loans are a fantastic way to deal with short term money problems, you have to be careful if you decide to take one of these loans out. The fact that you are in real need of the money may cause you to make unwise choices. This would be extremely [...]