Credit Card Debt vs. Payday Loans: Which to Pay Down First

Credit Card Debt vs. Payday Loans: Which to Pay Down First

Lenders offer payday loans as a short-term fix for consumers when cash is tight. These are high-interest loans, typically backed by a borrower's post-dated check. Since there's no credit check involved, you can usually be approved for a payday loan …

Read more on NerdWallet (blog)

New York City Announces .3 million Settlement with Debt Collection Agency

With this settlement, we are able to provide thousands of New Yorkers with relief and send a clear message to debt collection agencies and lenders across the country that DCA will not tolerate the collection of illegal payday loan debt from New Yorkers.”.

Read more on InsideARM

Read Carefully Before Signing Up for Debt Settlement Programs

The report suggests changes for the debt settlement industry, but for everyday people looking to wrangle their debt, it may be better to make sure the company you want to work with doesn't require you to default on your loan and doesn't sell financial …

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A Path to Building a Better Payday Loan

The culprit is an innovative group of specialty-finance products that are, in effect, “cash-flow accelerants.” Payday, bill-pay and account-advance loans are designed to make available today what would normally arrive tomorrow — less a healthy helping …

Read more on Credit.com News (blog)

Founder Of Consolidated Credit Counseling Services Reportedly Tied To …

If you're in dire financial straits because you thought you could take out a 275% APR payday loan only to find yourself unable to repay, do you want credit counseling advice from someone with a financial interest in the success of payday lenders …

Read more on The Consumerist

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