Financial commissioner

Your options when you can't make your payments What options do you have when you're struggling to make your payments on a bad credit loan? First, you must admit that there is a problem for yourself. No doubt you'll try to think of…

A payday loan is a high-cost, short-term loan for a small amount - usually $500 or less - that is supposed to be repaid with the borrower's next paycheck. Payday loans only require income and a bank account and are often given to people…

pathdoc / Shutterstock.com This story originally appeared on The Penny Hoarder. A payday loan can provide quick respite from unexpected expenses or a run of bad luck. But if you don't have enough money to repay the loan on your next…

Would-be lenders have long attempted to evade state usury laws by using what are known as bank leasing programs: an out-of-state bank, which is not bound by interest rate caps in the state of the payday lender, acts as a…

For the more than 12 million Americans who take out payday loans each year, the debt doesn't end with their next paycheck. In fact, data from the Consumer Finance Protection Bureau shows that more than 80% of payday loans are rolled…

Sunny became the latest high-profile payday lender to collapse in June following a wave of complaints over the mis-selling of short-term, high-cost loansMost victims will be left behindHalf a million people whose loans were mis-sold by!-->…

A payday loan default can result in bank overdraft fees, collection calls, damage to your credit scores, a day in court, and garnishment of your paycheck.Don't think it can't happen because you only borrowed $300."If you have a valid,…

There are a lot of Americans who are having a hard in paying for unexpected expenses and payday loans with a the highest interest rates are the most suitable alternative, despite the risks associated from it. But, the guidelines that…

the Consumer Financial Protection Bureau Tuesday issued a final rule on payday loans, repealing Obama-era provisions that would have required lenders to ensure borrowers could repay their loans before issuing cash advances.To help ensure…

If you've taken out a payday loan that charges exorbitant fees, the struggle to make the payments can seem overwhelming. This is a particularly difficult type of debt to repay because borrowers can get trapped in a cycle of debt.…

"The president is committed to draining the swamp, instead it looks like he's taking care of the alligators."Offer what an observer called “a perfectly clear picture of how money buys influence in American politics,” a leaked audio…

Payday loans target consumers with no credit or low credit. These high-interest loans promise quick cash until the next paycheck arrives, but they often create dangerous cycles of new loans to pay off old ones, draining finances and…

You've been fired, but you still have to pay rent. You're short on your car payment and need a little extra help. Your electricity has gone out and you need to find a way to pay your overdue bill to get it back…