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In view of the numerous predatory practices of some lenders of online loans, the CFSA or the Community Financial Services Association of America has imposed new online lending practices to provide comprehensive protection for consumers. According to the CFSA President, Darrin Andersen, “Appropriate state regulations provide strong protection for consumers, while ensuring continued access to choices for short-term credit needs. That same principle should apply in cyberspace.”

The CFSA is a national trade association that represents payday lenders. The new …

It is a fact that online applications for payday installment loans and other short-term loans are increasing. Aside from the convenience that these online loans offer, people tend to be fascinated with quick loans due to urgent and untimely cash needs. The increasing demand for online loans has also been a favorite niche for scammers. The more people that patronize online loan applications, the more online scams are circulating around the internet.

So how can an innocent consumer of payday …

The payday lending industry is often criticized for being an expensive option of a financial resource. Despite of having this negative reputation, businesses offering payday installment loans are flourishing both online and in the brick-and-mortar stores. The obvious reason for this is the increasing demand for an instant cash resource with convenient application and qualification options.

Critics have unwittingly saddled the payday lending industry. They say that these payday installment loans abuse helpless clients by charging them high interest rates. …

When taking out a payday installment loan, it is important to pay off your lender on time. If you fail to repay your lender at the agreed due date, you end up paying for late fees and additional charges. There are several repayment options on how to pay off payday installment loans. These include giving the lender post-dated checks, electronic withdrawals, and installment and roll-over options depending on the state that allows them.

The most common practice to pay off …

Payday lenders will face another dilemma over a new controversial bill that is currently being taken into consideration and is under debate in the House of Representatives. The bill is said to change some rules designed to protect borrowers of payday installment loans from predatory payday lenders.

The House Bill 1678, which is a repeal of a year-old rule that imposes an eight-loan cap for borrowers of payday installment loans within 12 months. According to the bill’s sponsor, Rep. Steve …

During a tough financial crisis, many people turn to payday installment loans for help. A payday installment loan is a short-term loan offered by lenders to people who need quick cash. This popular financial resource is available anytime because of its online application.

However, since most of these loans must be repaid in short-term, usually two weeks after the approval of the application, many are unable to pay on time. Many borrowers get caught up in the cycle of accumulated …

Had a hard time coping up with immediate necessities?  Applying for short-term personal loan can be a big help. However, since most of these loans need to be repaid in shorter duration, usually after two weeks, this may not fully address your need for financial freedom. Don’t let a short term loan put you in a situation of an endless cycle of debt.

With this concern about short-term loans and to ease the desperation of people in meeting their immediate …

Payday installment loans are one of the most popular financial resources for people with bad credit. Turned down by traditional lenders and banks, many people find financial relief with instant cash loan lenders. There are no credit checks involved, quick approval time and convenient loan applications.

However, some loan lenders take advantage of the financial needs of their consumers. They give the impression that they are doing you a great favor.  Many financial counselors advise people to be very careful …

Due to the urgent need for quick cash, most borrowers of installment loans fail to read the loan agreement diligently. Most lenders, however, do not thoroughly explain the contents of their loan agreements either. So, it is important for borrowers to take time and read all the fine prints on their loan agreement before signing in order to avoid future complications.

Reading the very specific details on your loan agreement will not only protect you from some predatory practices of …

The government has been alarmed about the series of complaints received from consumers of payday installment loans. They accuse some financial lending companies of charging extremely high interest rates, usually more than a 100% of the loan amount. Payday installment loans are designed to meet emergency cash needs of low-income workers, people with fixed income, senior citizens, military personnel, and even unemployed workers with income.

However, financial lending companies sometimes loan consumers an amount greater than he can actually pay …