Payday Loans

Things You Need to Know About Payday Loans

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Payday LoansThings are not very good financially for the entire country. Despite what we see on the news, the real figures show that the economy is falling with a lot of people living from hand to mouth.

With falling incomes, we have less amount of money to spend on necessities and luxuries, which is why a lot of us have to turn to loans. There are many types of loans out there, but a lot of people these days are turning to payday loans due to their benefits.

Payday loans are short term loans that can provide you with instant cash. They are very easy to acquire and also easy to pay back. This is why so many people love payday loans and use them to meet sudden expenses and even day to day expenses. Continue reading →

How to get Payday Loans in Los Angeles

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paydayAre you looking for quick easy access to cash? Do you live in the Los Angeles area? Then you can take advantage of the best payday loans Los Angeles California has on offer with the right credit service provider.

With a simple and fast application process, you could be walking away with the cash you need in minutes. Payday loans give you the opportunity to bridge the gap between your next paycheck and keep your monthly finances under control.

Payday Loans in Los Angeles California

If you are a resident of the state of California, then your state laws allow payday loans. All your credit providers should be compliant with state financial regulations and meet the criteria for a credit service provider.

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Wasserman Schultz Has a Change of Heart, But Too Little, Too Late

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Bill Moyers, Michael Winship – Return with us now to the saga of Debbie Wasserman Schultz and the soul of the Democratic Party.

First, a quick recap: Rep. Wasserman Schultz (D-FL), chair of the Democratic National Committee, also has been an advocate for the payday loan industry. The website Think Progress even described her as the “top Democratic ally” of “predatory payday lenders.” You know — the bottom-feeding bloodsuckers of the working poor. Yes, them.

Low-income workers living from paycheck to paycheck, especially women and minorities, are the payday lenders’ prime targets — easy pickings because they’re often desperate. Twelve million Americans reportedly borrow nearly $50 billion a year through payday loans, at rates that can soar above 300 percent, sometimes even beyond 500 percent. Bethany McLean at The Atlantic recently reported that the government’s Consumer Financial Protection Bureau (CFPB) studied millions of payday loans and found that “67 percent went to borrowers with seven or more transactions a year and that a majority of those borrowers paid more in fees than the amount of their initial loan.”

Yet when the CFPB was drawing up new rules to make it harder for payday predators to feast on the poor, Rep. Wasserman Schultz co-sponsored a bill to delay those new rules by two years. How, you ask, could the head of the party’s national committee embrace such an appalling exploitation of working people?

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