Payday Loans: What Are My Options?
Payday Loans: What Are My Options? Payday loans have been around for some time. The need for a short term loan to make ends meet has and always will be around. That being said, while the general loan type has been around for a while;…
Life on the Financial Edge
Life on the Financial Edge In America, 47 percent of people are living on the financial edge – just one financial emergency away from being unable to pay their rent, make a car payment or fully feed their family. It’s very likely that everyone reading…
What is a Payday Loan and How Credit Fair-E Offers an Alternative Loan
What is a Payday Loan and How Credit Fair-E Offers an Alternative Loan What is a Payday Loan A payday loan is a short-term, high interest loan (generally for $500 or less) that is designed to help bridge the gap between the borrower’s paychecks. How…
3 Reasons Why You Keep Needing Payday Loans
3 Reasons Why You Keep Needing Payday Loans We all have to borrow money from time to time. Our car breaks down in between pay periods and we need a quick cash fix. Perhaps your furnace or AC goes out in the dead of winter…
Announcing: Partnership with Nerdwallet
Credit Fair-E is proud to announce that we have partnered with Nerdwallet to help consumers in search of payday loan alternatives. Nerdwallet is a personal finance website that helps people make and manage financial decisions by comparing various products available from various banks and finance companies.
Why Do Some Lenders Offer A Guaranteed Approval?
Anytime we go to our local bank to apply for an installment loan or personal loan, we always expect some sort of validation or verification process to go along with it. The bank pulls your credit report and likely validates your stated income before making a decision on whether or not to approve your loan request. The terms of your approval also very on the information received in their underwriting process. This is very common and most people don’t seem to expect it when going that route.
5 Signs Debt Might Be An Issue For You
When going through the day to day obligations of life, we often times find a way to ignore the obvious. We simply get so caught up in our kids, family or work that we sometimes lose sight other important items that need to be overcome.
3 Reasons to Consider Direct Lender for Your Next Loan
Most of us, in some capacity have gotten a loan from a indirect lender at some point. Perhaps you took out your mortgage with the help of a mortgage broker? Maybe you went online for a personal loan and thought it was just that simple. Then you get a bill from Lender’s Anyonymous and wonder what is going on. A direct lender is someone that uses their own money to lend to you. This means that the company you apply through is making the decision on it’s own and using it’s own capital to fund and service (bill you) your loan the entire time.
3 Ways To Quickly Payoff Your Payday Loans
We all want to get out of debt. Here are a few simple tips to help speed up the process.
We all have had a financial emergency at one time or another. In those moments, we don’t always have a lot of options available. When an unexpected bill or medical expense pops up, we tend to go with what is quick and easy. Loans (like other products) that offer us a great deal of convenience are not typically the cheapest products. They don’t have to be. You have an urgent need and they are willing to lend with often times even if you have bad credit. Don’t lose hope, there are still several ways to better manage your payday loans.
Movement to Regulate Payday Loans Is Growing
Back in June, the CFPB or Consumer Financial Protection Bureau released a series of proposed rules to tackle predatory lending. The primary targets were Payday Lenders and Auto Title Lenders. The goal is to protect consumers from financial products that keep people trapped in a cycle of bad debt. After all, the average payday loan borrower has to rollover or in other words refinance, their loan close to 7 times before successfully paying back the debt. Each time incurring additional fees and cost of the loan.