You knowingly have debt in the Form of a drawn $2,000 loan, but no idea about what you actually pay for it!

It is not, because a current and, above all, representative survey of the opinion research institute FORSA shows exactly this result. 42 per cent of all respondents who have used or are currently using a loan do not know the amount of their interest rate for this loan. Incredible, considering that exactly those people are…

Continue readingYou knowingly have debt in the Form of a drawn $2,000 loan, but no idea about what you actually pay for it!

How much longer will payday loans be allowed in Virginia?

The future is uncertain for an industry that some consumer advocate groups feel are preying on people in financial trouble. On the other side of these consumer groups is a well organized and heavily funded group of lobbyists in favor of payday loans. With the economy currently under scrutiny by lawmakers, some people are wondering…

Continue readingHow much longer will payday loans be allowed in Virginia?

Payday loans

There are many types of loans. Some loans require your greater understanding to know its category. But others like payday loans, which are generally small loans, suggest the meaning of its type by its mere name; they are designed to tide employees over until their next payday. Fees coupled with payday loan depend upon its…

Continue readingPayday loans