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How Payday Lenders Thrive Off Your Misery

Since the housing crisis of 2008, the term “predatory lending” has become very familiar to American consumers. A predatory lender is someone who exploits consumers’ financial difficulties to trap them into loans that benefit the lender much more than the borrower. The telltale signs of a predatory loan are easy qualification standards and ultra-high interest… Read More »

Payday Loan Reforms: New Illinois Laws Encourage Fair Deals

Payday loans are short term loans – with terms ending in less than 120 days – that offer consumers quick cash to pay off bills.  Companies that make payday loans usually target people who are already in very difficult financial situations. Senior citizens and others with limited income, such as pensions or social security, and… Read More »