payday loans


The problem behind the business of installment loans

May 13, 2013
World Finance of Greenville, S.C., rakes in half-a-billion dollars a year providing small loans to subprime borrowers. Thanks to an ever-deepening cycle of debt, business is good.
Posted In: installment loans, payday loans

On Victory Drive, soldiers defeated by debt: The story from Propublica

May 13, 2013
A federal law is supposed to protect service members from predatory lending. But lenders exploit loopholes, trapping military personnel in high-interest debt.
Posted In: installment loans, payday loans

A quagmire of debt and a billion dollar company: The story from Propublica

May 10, 2013
World Finance, a billion-dollar company, peddles installment loans, a product that often drives borrowers into a similar quagmire of debt.
Posted In: installment loans, payday loans

Beware tribal payday loans

Apr 26, 2013
High interest payday loans are seen by critics as a fast track to endless cycles of debt for borrowers -- and there's a new breed of payday loan to watch out for.
Posted In: payday loans, scams

Could big banks help rein in payday lenders?

Mar 20, 2013
Payday lenders circumvented state laws by moving online, and in the process big banks became enablers (and potentially profited) from payday lending. Now Chase is making changes to protect its customers from payday lenders. Will other banks follow?
Posted In: Banks, payday loans, lenders

Payday lenders need to be more transparent

Mar 8, 2013
Last week on Marketplace, a payday loan lender defended his industry, saying as long as customers did the math, he wasn't doing anything wrong. Commentator Helaine Olen begs to differ.
Posted In: payday loans

In defense of payday lenders

Feb 21, 2013
A payday lender from Kansas City, Missouri, says his business is fair, just do the math.
Posted In: payday loans, Personal Finance

Payday lenders inspire mixed feelings from borrowers

Feb 20, 2013
New Pew report finds that payday borrowers feel both relief -- and that they are being taken advantage of.
Posted In: payday loans

The argument in favor of payday lending

Nov 9, 2012
Critics of payday lending say the industry is ripe for abuse and should be tightly controlled. Commentator Tom Lehman says the practice can actually be helpful, for individuals and the financial system as a whole.
Posted In: payday loans

Payday loan becomes monthly ordeal

Jan 9, 2012
Commentator Mark Laws found himself on a "rat wheel" trying to pay off a loan to attend his mother's funeral.
Posted In: payday loans, My Life Is True