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Archive for January, 2009

Cost of personal loans soars - MSN UK News


The number of personal loans available has halved during the past year, while the cost of taking out one of the products has nearly trebled, research has shown. There are now just 57 different loans available for someone looking to borrow £5,000

GMAC gives up some GM car financing in bailout - Crain’s Detroit Business
DETROIT (AP) — GMAC L.L.C. will no longer have exclusive rights to provide low-interest loans to people who buy General Motors Corp. vehicles, and it will stop financing leases under a complex deal to get federal aid for the troubled lender. GMAC

Savers facing accounts with no interest - Daily Telegraph
Experts have warned the return on savings could plumb new depths with the Bank expected to take unprecedented steps to regain control over the economy. They widely believe the Bank will reduce borrowing costs to below their 2 per cent level - and

Same day payday loan-Swift cash when financial urgency cloud your life - Best Syndication
Same day payday loan help to remove all your worries from your unexpected expenses and urgent requirements of money. As its name includes, you can acquire the cash loan within 24 hours hours of your application on the very same day. The finance can

The Week Unzipped: Sainsbury’s cuts rate for loans - Scotsman.com
SAINSBURY’S Finance has cut the rate of its online personal loan to 8.2% for customers looking to borrow between £7,000 and £15,000. The 0.7% reduction is available for a limited time to customers who apply for the loan online. SKIPTON Building

Long Term Auto Loans: Borrower Friendly Variant of the Traditional - Best Syndication
Having a vehicle is the need of modern time to cop up with personal and commercial needs. The problem comes when we lack sufficient money in order to buy the desired vehicle. Going for loans is the option left but as natural we all start worrying

Loans for bad credit consumers - MyFinances.co.uk
Many consumers who are aware of their poor personal credit standing, often wrongly assume that due to their credit score, they do not stand a chance of getting a personal loan. Instead of looking around and comparing different avenues for a bad

Payday Lenders Thrive on Wild Web - E-Commerce Times


Payday loan providers are finding a safe haven online, even as governments try to crack down on their operations. One lender that has switched to an online-only approach has been rewarded with an upsurge in business. Competitors are closing stores in

City dusts off payday-loan, zoning-limit ordinance - TriVallyCentral
In giving initial approval to an ordinance limiting distances between future payday loan offices in Casa Grande to a quarter of a mile, the City Council is taking perhaps its only option available to try to control the high-interest lenders. Arizona

Payday loan rate cap among new laws for 2009 - Nashua Telegraph
CONCORD, N.H. (AP) — New Hampshire is giving payday lenders the gong as it rings in the New Year. A law that takes effect Thursday caps the interest rate on small loans at 36 percent a year, which the industry has said will put it out of business

Payday lenders now under tighter restrictions - WSLS
The day significant changes come to these payday lenders they’re closed, but when the doors re-open the new state regulations will be in effect. Starting January 1, 2009 those seeking payday loans will be restricted to just one at a time and they

New Va. payday lending law takes effect Jan. 1 - WVEC
RICHMOND — Some of the nation’s most sweeping reforms on payday lenders will take effect in Virginia Thursday, but some short-term, high-interest lenders are getting around the new law by offering different types of loans. Legislators ended three

New Virginia payday lending law takes effect - HometownAnnapolis.com
Legislators ended three years of debate over the industry last winter when they passed a law that limited borrowers to one payday loan at a time and extended the length of time they have to repay it, effectively limiting how many loans they can get

Mo. court rules against Kan. payday lender - Columbia Missourian
KANSAS CITY — A Missouri appeals court has ruled that a Kansas-based payday lender can’t prevent customers from filing class-action lawsuits over its lending practices. The Missouri Court of Appeals for the Eastern District in St. Louis last week

Philly IMC: The Payday loan game - OpEdNews.com
I have had personal experiences with this cash cow. Only problem is that the cash went back to them 5 maybe 10 times what was originally borrowed. I wanted the experience, one to see if it was real. Two, cause I could find ways to spend it