In the latest payday loan industry news, we find some interesting developments in more than one race.
In an election year that is wrought with claims of lying, cheating and all around crazy behavior in the race for president, an interesting twist has developed in at least a couple of campaigns involving the payday loan industry and politicians behavior.
We have known and reported countless times that the payday loan industry has used their influence by helping politicians get elected in return for favors.
This comes with a price to both the politician and the users of these services as the favors are usually in helping the payday loan companies continue with their outrageous profits while having little regard for the safety and well-being of their clients.
Let’s take a look at what’s happening in a couple of local campaigns around the country.
New rules that went into effect this last spring brought on by the Consumer Protection Bureau have been touted as great progress!
They are helping make payday loans less risky but are the new payday loan rules and regulations still too weak?
Many are concerned they have not taken their efforts far enough.
In this article, we will explore these new rules and regulations, what they are and how they may affect the use of payday loans and if they are strong enough to make a difference in today’s borrowing trends.
We are happy to report that payday loan consolidation in Texas is now available!
What most people do not know is that it always has been since the inception of payday loans and the loan companies themselves have made sure they do not let any of their customers know this option is and always has been available to them. and most times the best way to go.
Most of the cases this option is the best way to go!
Why would an industry keep this information from their customers?
The state of Idaho has the highest interest rate for their payday loans in the nation and many of this state’s population are in need of payday loan debt help in a hurry!
At the rate of 582 percent, this puts Idaho at the very top of a list and the reasons for this are many.
All but seven states in the USA have caps on the amount of interest allowed for these short-term high-interest loans and you can guess that Idaho is one of those seven states that do not have any limits on the amount a lender may charge for these types of loans.
Need Help With Payday Loan Debt In Idaho Or Any Other State?
When it comes to Nebraska and payday loans it seems like this state is doing it’s best to change the laws despite huge efforts from the payday loan lobbyists to stop them.
We here at Help With Payday Loan Debt are very pleased with the state’s efforts.
There are new laws taking effect that will make payday loan companies follow strict terms when it comes to giving out payday loans and this will help the borrowers from getting in over their heads with these loans.
Payday loan companies are notorious for giving out multiple loans and larger loan amounts than people can afford to pay back and this is just not right as it traps the poor and is considered taking advantage of the disadvantaged!
Let’s take a look at what is happening in Nebraska and how it will affect the industry and the customers who may be thinking about taking out one of these loans.
Need help with payday loan debt in Nebraska or any other state?