Big print is a big step toward reining in payday loan fees - Fort Worth Star Telegram

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If Texas won't fix payday lending, will Washington? Or how about better-informed customers?

Consumer advocates have long pushed to rein in these high-cost loans that target the working poor. About 10 percent of Texas residents take out small cash advances, using future paychecks as collateral. But many roll over the loans and...
Source: www.star-telegram.com

GUEST COMMENTARY: Proposed payday loan bills don't solve problem - Columbia Missourian

This is a response to David Rosman's column: Two new Missouri Senate bills attempt to tackle payday loans .

The nature of payday loans is neither forgiving nor helpful to most Missouri consumers.  Missouri's laws are some of the weakest in the country, allowing lenders to charge an average APR of 445 percent.  As Mr. Rosman points out, several senators are now proposing...

Source: www.columbiamissourian.com

troops' finances - Helena Independent Record

Payday loans , some believe, began way back among the Roman soldiers in the time of Caesar.

And military personnel today still remain a target for predatory loans and financial fraud, Holly Petraeus told a group of about 50 uniformed personnel at Fort Harrison Wednesday. Plus, some in the military, especially young people, manage their financial affairs poorly and dig themselves into...

Source: helenair.com

PayDay Loan Tree

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Pentagon Federal Credit Union creates new foundation: promotes financial literacy and takes aim at payday loans.(Interview): An article from: Armed Forces Comptroller

by American Society of Military Comptrollers
Price: $5.95
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Questions & answers

  1. Dawn L Dawn L says:
    09/19/07
    Are there any payday loans or emergency loan companies that will help people in the Military Reserves?
    We are desperately waiting for a re-enlistment bonus we are expecting but in the meantime need a quick loan to get us by for somethings that have come up. Payday loans dont seem to help those in the military anymore and I know payday loans are not a good idea but we also know we will only use this until the bonus comes thru . Anyone know where we can get a quick guaranteed loan for personnel in...
    Gary says:
    I wouldn't do this. Why spend unnecessary? You are betting on receiving something that has yet to come. What would happen if something goes wrong for you? This is like writing a check and not having enough money in your account to cover it.
  2. says:
    05/18/11
    where can my husband and i get a payday loan fast?
    ME and my husband who is active military are trying to get a payday loan. Some unexpected stuff came up. We tried online for one and every single one we went to said we didn't qualify because he was military. Which is complete crap, my husband is out there everyday risking his life and we can get a payday loan it's really irritating. We are trying through pioneer military loans but it's taking...
    says:
    According to the Fiscal 2007 Military Authorization Act, it is illegal for creditors to lend military personnel and their dependents any financing with interest and fees that are greater than 36% combined. In addition, it is forbidden for any lender to use a check or other “financial instrument”...
  3. paristoys paristoys says:
    02/10/07
    Because of the 36% apr cap on loans for military, will payday loan companies give payday loans to military?
    lisa s says:
    Of course. They are the main reason why those payday loans are still in business outside of the military bases. At ft knox in kentucky there were probably 15 of them within a 10 mile radius of the post. I cannot see any reason why ANYONE would do that more than once!

Google news feed

  1. How payday loans work
    12/31/69, via The Southern
    For example, John and Jane Doe (our fictional couple who have no savings, no emergency fund and bills due) visit a payday loan company, flash John's pay stub and walk out with $200 cash. John is expected to return to the office in two weeks — on his
  2. Idaho Press-Tribune Idaho among laxest states on payday loans
    12/31/69, via Idaho Press-Tribune
    Several years ago, Congress capped interest on payday loans for active military and family at 36 percent annually. Yet despite the increasing restrictions, payday lending has grown dramatically in the past decade. The number of stores licensed in Idaho
  3. Keep out payday lenders: Pa. should not let them prey on our most vulnerable ...
    12/31/69, via Pittsburgh Post Gazette
    They claim that active military families would have special protection -- although not reservists or veterans -- even though federal law already protects military families from payday lending. They claim to be limiting interest rates to 28 percent,

Digg

  1. 07/13/11, 1 diggs, via miltonvirgen
    Military Payday Loans are in fact very easy to qualify for. The first requirement with military payday loans is a current valid bank account and a regular income which being in military, you already have. A veteran or an active member both can apply for military payday loans. The loan lender can...
  2. 04/17/12, 1 diggs, via amiekdin2
    Daily Life Works , Home ,Health,Insurance,Loans,Lawyer, Gas/Electricity, Trading, other tips and Trix
  3. 06/22/11, 1 diggs, via nunthadate
    Article by Nunthadate Muenprasert at 2011-06-22 07:22:52
    Categorized in Payday Loan Review,

Google Books

  1. Your Military Family Network
    Your Military Family Network
    Published by Capital Books Inc 2007
    ISBN 1933102357,9781933102351
    649 pages
    Every chapter includes Advice "From the Field," Frequently Asked Questions, A Need-to-Know Checklist, and a way for finding additional resources and Interactive Online References to connect you with the entire Military Family Network Community. Your Military Family Network will save you hours,...
  2. A Family's Guide to the Military For Dummies
    A Family's Guide to the Military For Dummies
    Published by For Dummies 2008
    ISBN 0470444703,9780470444702
    384 pages
    Expert advice on all aspects of military life A Family's Guide to the Military For Dummies is for the millions of military dependents, family members, and friends who are looking for straightforward guidance to take advantage of the benefits and overcome the challenges unique to life in the...
  3. The cost of credit
    The cost of credit
    Published by Natl Consumer Law Center 2009
    ISBN 1602480486,9781602480483
    1244 pages

Bing news feed

  1. Scott Keadle, GOP candidate, caught questioning Obama's birthplace
    05/15/12, via Worldnews.com
    We see it and we condemn it." On July 7, while in Moscow, he responded to a Vice President Biden comment on a possible Israeli military strike on Iran by saying: "We have said directly to the Israelis that it is important to try and resolve this ...
  2. 4 Awkward Issues That Come Up When Drafting A Will
    05/15/12, via The Business Insider
    Every family has its skeletons, but when you leave this earth, the last thing you'll want to do is create more drama. We spoke to personal finance expert Jane Bryant Quinn to find out why it's so important to make a will that won't disrupt family dynamics ...
  3. YIPI, PLCC, FFN, BTZO and DGRI are the Daily Market Movers for May 15th from OTCPicks.com
    05/15/12, via Emailwire
    Based in Fort Myers, Florida, Yippy, Inc. is a new economy technology company that develops educational and reference search technologies, content aggregation services and application services environments for both consumer and commercial market segments ...

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