Payday advances are marketed as being a quick monetary fix but in fact create an inescapable financial obligation trap.

Payday advances are marketed as being a quick monetary fix but in fact create an inescapable financial obligation trap. Payday loan providers charge exorbitant rates, simply simply take usage of a borrower’s banking account for payment, and work out loans without any respect for a borrower’s capability to repay without refinancing or defaulting on other […]

Installment Loan Act Would Expand Predatory Lending in Louisiana

Installment Loan Act Would Expand Predatory Lending in Louisiana The Louisiana Installment Loan Act would expand the loan that is payday in Louisiana by enabling payday loan providers and automobile name lenders to supply longer-term “installment loans.” Installment loans act like high-interest pay day loans, but enable borrowers to get larger loans for extended amounts […]