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When you apply for an installment loan, a lender will provide you with a loan contract. The lender uses a loan contract as a formal document regarding the agreement he and a borrower will have during the course of an installment loan. Loan contracts may include negative and positive covenants, guaranties, applicable interest rates and fees, and the amount and mode of repayment of the installment loan. Upon signing the loan contract, a borrower consents to borrow money on the …

Lending of money is regulated by the Truth in Lending Act. Because of the controversies surrounding the payday industry, U.S. legislators believe that consumers deserve to know the cost of borrowing money from lenders. The Truth in Lending Act forms part of the Consumer Credit Protection Act passed by congress in 1967 and enacted on May 29, 1968.

Basically, the Truth in Lending Act is promulgated to protect borrowers from unfavorable lending practices that often lead to borrowing beyond ones …

Short-term loan lending came under controversy after consumer rights advocates pressured lenders to eliminate the high cost of short-term loans, such as payday installment loans. According to those against short-term loans, consumers are at risk of predatory lending practices and consumer debt spirals (getting new loans to pay off the old ones). These critics demand, if not total eradication of short-term loan lending, strict lending regulations.

In the middle of 2008, lending regulations were promulgated in several states in the …

One of the most important requirements asked by payday lenders when you want to get installment loans is a personal check. This serves as collateral to secure your repayment of the payday installment loan.

Payday lenders require a blank or unwritten personal check that will be returned when the borrower repays his loan in cash. In some cases, a borrower writes in a personal check for the amount he wishes to borrow plus the fee payable to the payday lender.  …

Financial problems, such as a deficit in the budget and bad credit, create great stress. Many salaried people suffer from these financial problems because oftentimes they find it difficult to manage their small income with their numerous expenditures. Also, due to the inadequate salary they get, many of these people depend on their credit cards to buy groceries and to pay bills. The usual problem with this practice is that they are unable to make timely payments on their cards …

Due to the financial crisis everybody is facing, borrowing money is a rampant practice, especially for those who live paycheck to paycheck. Many people need to borrow money as some time because their income is unable to meet their daily financial needs. Generally, people turn to short term personal loans to be able to survive from their financial needs.

Short term personal loans are popular financial resources because they offer quick cash. However, the problem with these unsecured loans is …

Have you found yourself empty handed after getting an installment loan? Or have you been aiming for extra cash to be left from your installment loan?  Here are a few tips on how to spend wisely and stretch the money you get from your installment loan.

When you get installment loans to buy groceries, it benefits you in the long run. Groceries are a very useful commodity in every family. Using the extra cash you get from installment loans can …

A no fax installment loan is one of the options many people apply for when in need of a fast cash advance. Usually most lenders require the submission of personal documents to influence their credit decisions. However, with a no fax installment loan, a borrower is released from the stress of paperwork. During the online application for these loans, all you need is to supply complete and accurate information needed for the online application form.

The unavailability of having fax …

If you are facing a financial crisis and want to get cash instantly, then you should apply for installment loans online. Through the internet, you can apply for short term loans because there are numerous online lenders ready to help people who need to get cash immediately. With the help of the internet, you can apply for installment loans online to resolve all your urgent cash needs.

Installment Loans online are short term loans that can be applied for over …

When you are in need of an additional financial resource before payday, an installment loan is a timely option you should get. In recent years, installment loans have become the popular financial resource that many turn to when their budget is not enough to suffice their needs before payday.

Unlike other personal short term loans, installment loans are more appealing since you can borrow a large amount of instant cash and repay it in installments for several months depending on …