In these tough economic times, many people find themselves turning to payday lenders like SolidCashSolutions to meet short-term financial obligations. There has been a lot of press about these businesses recently, as a house bill was defeated that would have limited both the amount of payday loans consumers could have at one time and the …
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Is Your Payday Lender Legal?
Payday loans meet a very specific need to a very specific subset of the population. People who can’t get credit via other means find themselves visiting the payday lender. They go there to get high-interest, short-term loans to meet temporary needs. In and of itself, this isn’t illegal. Many states place certain regulations on payday …
Colorado Will Be Saying Goodbye To The Payday Loan Business
Governor of Colorado has recently signed an epic payday loan bill into law. This bill comes in the form of House Bill 13511. This bill will change the normal payday loan structure into a short-term loan. This short-term loan will be six to twelve months in length and come with a much lower interest rate. …
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Can Payday Loans Get You out of a Jam?
Payday loans get a bad rap. To be sure, the interest rate on a payday loan is higher – often as much as 20 times higher – than just about any other form of credit you can get. Borrowing at a 350 percent interest rate is never a truly good idea. That’s not the point …
A Payday Loan Success Story
Let us take a stroll down story lane. This is a fictional story. The point is to illustrate when it might be ok to consider a payday loan. No harm will come to animals in the writing of this story. The setup Let’s say you live in a very rural area. Public transport is not …