A UK based start-up business, Wagestream, whose aim is to put an end to payday loans, has recently received a £40m investment from a variety of different firms including one that invested in Wonga, the former payday loan giant that went into administration late last year. Wagestream has developed new technology which, by paying a… Keep Reading
Taking out a loan is kind of a rite of passage of adulthood. You may need to secure a student loan to secure financing for college next year. An auto loan may be necessary if you’re starting your first job and commuting every day puts you at risk of being chronically late. If you’re starting… Keep Reading
Attending a college or university is costly. Tuition fees for a four-year course in a private college cost over a whopping $40,000 for just a year. Public universities offer courses at a lower price, but the average $10,000 is still far from affordable. Studies suggest that prices are expected to increase in the following years.… Keep Reading
According to the New York Times, the Federal Reserve increased the benchmark interest rate for the fourth time of 2018 on December 19. The benchmark interest rate is the rate that the Fed charges the banks to borrow from them. This higher interest rate trickles down to loan customers of all kinds. Of course, higher… Keep Reading
JL Llavina is the founder of American Loans and a long-term finance expert that has worked with loans for over two decades. He was born in Argentina and immigrated to the United States by coming to Utah to attend College at Brigham Young University. This is where he started doing various jobs to make ends… Keep Reading
Entrepreneurs may have poor credit for many reasons, including college debt, bankruptcy, or divorce–just to name a few. For many startup businesses, this can make it difficult to build business credit. The good news is, there’s a way to build business credit despite a lower personal credit score, and you don’t need to wait for… Keep Reading
The 2018 budget is being released today by the Chancellor of the Exchequer, Phillip Hammond, and a lot of it aims to help those who have found themselves with long-term debt. Phillip Hammond is set to unveil a plan to solve problem debt, helping those trapped in debt which has been caused by payday loans… Keep Reading
The once thriving payday loan industry in the UK is on the verge of collapse following the recent rise in compensation claims, reports the Prague Post. Although the industry was once worth around £2 billion in 2013, it has recently seen a huge overhaul following the introduction of stricter regulation by the FCA which has… Keep Reading
Having a bad credit score is obviously a major stumbling block for most loan applicants. Banks and other lending institutions such as credit unions view you as a high-risk client. Although every lender has their own loan qualification standards, the primary factor for calculating the terms of your loan often depends on your credit history.… Keep Reading
Lenders make mistakes, too. Foreclosures put your most valuable investment at risk, and there are times when a foreclosure is warranted. If a borrower fails to make payment, the lender has a right to recuperate their investment in you by foreclosing on your property. Examples of foreclosure errors can be seen with Bank of America.… Keep Reading
