payday loans

CRL: Payday Loan Shops by State

November 12, 2010

The Center for Responsible Lending recently published a color-coded Payday Loan Shops by State map. The map examines shops per 10,000 households and breaks them down into four categories: Over 5.0 shops per 10,000 households 2.0 to 4.9 shops per 10,000 households 0.1 to 1.9 shops per 10,000 households No Payday Shops A quick glimpse [...]

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Book Review: Broke, USA From Pawnshops to Poverty, Inc.

November 10, 2010

This summer I wrote about a new book I was reading, Broke, USA From Pawnshops to Poverty, Inc. – How the Working Poor Became Big Business. Although it has been a few months since I started reading the book, I only just finished it this past week. Now it is book review time.

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As States Ban PayDay Loans, Online Sites See Surge in Activity

August 15, 2010

As more states across the nation begin to ban or severely restrict payday loan and cash advance centers, online payday loan sites are seeing a surge in activity according to this press release. Unintended Consequences; Online Payday Lending On the Rise According to a Pay1Day blog, because of tight regulations on the local lenders, many [...]

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Arizona Payday Loan Centers Close Their Doors

July 13, 2010

Citizens of Arizona voted to ban the outrageous interest rates offered at Payday Loan Centers throughout their state and as of June 30, 2010 hundreds of stores have shut their doors or changed their business focus. In order to stay open as a payday loan center in Arizona, companies cannot charge more than a 36% [...]

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Reading: Broke, USA: From Pawnshops to Poverty, Inc

July 8, 2010

I just downloaded a new book on my Apple iPad and so far it is excellent and may be of interest to those trying to get out of debt, and stay there. The book is called Broke, USA: From Pawnshops to Poverty, Inc. How the Working Poor Became Big Business. I’m only a few chapters [...]

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