Financial Cents: Posts About Payday Loans
Sure, there are many numbers to know when you borrow money. There's the principal, the interest, the term and more. But what number is the most important? Which is the number, above all others, that you want to be certain you understand? That is the APR. OppLoans breaks it down for you here.
Posted on: February 09, 2017
Why is Kansas City, Missouri, considered the "hub for payday lenders"? And more importantly, what can be done about it?
Posted on: October 13, 2016
Payday loans continued to make headlines for all the wrong reasons this week. Between more cities and states enacting tougher regulations against payday loans, deceptive banking practices coming to light, and socially responsible lending innovators winning major awards (what?) this was a busy week. At OppLoans, we track these stories closely because nothing is more important to us than helping borrowers avoid these predatory lenders and their bad products.
Posted on: September 23, 2016
If you have bad credit, finding the right online loan for you can be a lot like dating. Here's how you can tell the princes from the predators!
Posted on: September 07, 2016
Most payday loan borrowers can’t make full repayments on time. That’s why they “roll” their loan over to extend the term, but at a huge cost. Here’s what you need to know to keep your money safe.
Posted on: August 29, 2016
The best politicians are the ones that keep their promises and the same is true with fast cash lenders. To get a better idea of which fast cash loans to avoid and which to trust, we’re holding a little election of our own. May the best loan win.
Posted on: July 28, 2016
The Consumer Financial Protection Bureau Thinks You Deserve Better than a Payday Loan and OppLoans Agrees!
The Consumer Financial Protection Bureau (CFPB) has proposed strong new rules to curb abusive practices by payday lenders. OppLoans, an online personal lender servicing subprime borrowers, fully agrees with and supports the CFPB’s proposals because we know that borrowers always deserve better than a payday loan.
Posted on: June 02, 2016
If you need fast cash, you have options. While some are safe, most are dangerous and predatory. In the world of heavyweight lenders, who’s the baddest of the bad?
Posted on: May 26, 2016
Like bad movies, payday loans have predictable endings. If you do find yourself entering into a payday loan agreement, here are three results you can expect to happen to you and your finances.
Posted on: May 18, 2016
Every good drama needs a villain, but are these predators going too far? Here are three ways predatory payday lenders are changing their tactics to stay in the business of ripping borrowers off!
Posted on: May 17, 2016