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Latest
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Officials call payday financing |
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When Melissa Hampton needed an advance on her weekly paycheck she borrowed $150 from a local loan store in Prestonburg, Ky., and promised to pay it back plus a fee. Six months later, More.. |
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Officials call payday financing "loan sharking" |
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Payday loans now are permitted in Colorado, Washington and Tennessee, where many of these businesses first cropped up. Loan stores also are seeking legal status in Georgia and Kentucky where borrowers More.. |
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Payday Lenders Or Loan Sharks? |
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Payday lenders offer tempting short-term loans for a fee, due on payday. What McClintic and a growing number of military borrowers don't foresee is how fast those loans and fees add up. More.. |
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payday lenders reject critics |
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But payday lenders reject critics claims that they're "legal loansharks". They insist they help people on active duty stretch their paychecks in a pinch. More.. |
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