Over the years, I have received more than my share of rejection letters from banks. I didn't understand. I was good with my money, so why wouldn't these banks let me borrow some of theirs?Since those early days, I've learned…
The Government of British Columbia today announced that it is amending the Consumer Protection Act to better protect people who use payday loan services. “Many British Columbians are not immune to financial hardship and have to live paycheck to paycheque, 
Martin Lewis has revealed how students could be owed hundreds of pounds from loan companies. The founder of Money Saving Expert said that over the past three years, 100,000 graduates have started paying off their loans too early. Anyone who…
Click here to read more American Tire Distributors, Inc. has reached an agreement in principle with the holders of the majority of its term loans to support the previously announced Restructuring Support Agreement, which would reduce the Company's debt by…
Bill Hinton | Getty ImagesWhen the phone rang, James Hunter's legs burned in pain.He has been paralyzed from the waist down since an accident when he was 30, and Navient's incessant calls about his student loans have triggered his nerves.“Every…
The private student loan industry may soon receive more favorable treatment on the government's financial aid website.Right now, the website for the Department of Education's Office of Federal Student Aid is promoting private student loans as an option that students…
Gold lending company Muthoot Finance, the flagship company of the Muthoot Group, has warned people about Muthoot Finance's bogus schemes and advertisements that mislead customers. “In a recent case, an unidentified organization fraudulently attempted to attract clients / investors, through…
The 2014-15 fiscal year has started on a high note for non-bank financial gold lending companies (NBFCs), with the RBI easing some stringent regulations, said Mr. G. George Muthoot, chairman of Muthoot Finance. He pointed out that the central bank…
New federal payday loan rules were finalized on Wednesday. The new rules, first proposed by the Consumer Financial Protection Bureau last year, will take effect 21 months after they are published in the federal register. Payday loans typically cost around…
Declining product tenures and periodic interest collection have helped gold lending companies such as Muthoot Finance and Manappuram regain their profitability levels before regulatory tightening since 2012, observes a recent research report from Crisil. In fiscal 2017, gold lending companies…
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Savings and credit institutions, also known as S&L, savings banks, savings banks, or savings institutions, provide clients with many of the same services as commercial banks, including deposits, loans, mortgages. , checks and debit cards. However, S&L places more emphasis…
Running a farm is not cheap. Whether buying new land or new equipment, the costs can be extremely high. That's why many are turning to agricultural loans. Farm loans make it possible to purchase a new farm or expand current…
Starting a business almost every time has two main scenarios. These are people who have accumulated a lot of money and the obstacle is not having a viable idea to finance.The other batch is made up of people who have…
Bombay: Gold lending companies have been among the top winners so far this year in the BSE 500 pack. They hit an all-time high on Friday, thanks to new products, easier regulations and a rebound in prices. gold. The strong…
(Reuters) - Amazon.com Inc is entering the student loan business in partnership with Wells Fargo & Co, offering cheaper loan rates to Amazon customers who pay for a "Prime Student" subscription.The deal sees Wells Fargo slash its student loan interest…
A Dollarwise payday loan store is featured on Friday January 23, 2009 in Kent, Washington. (Ted S. Warren / AP)The US agency responsible for protecting consumers from financial abuse on Thursday unveiled a proposal that would limit short-term borrowing known…
In the race to reduce application times for small business loans, Eastern Bank has a new entry: less than five minutes.The Boston-based Mutual Savings Bank took three or four weeks to process loan applications as employees gathered information, ticked off…
Payday lenders say new municipal rules governing their industry are an unnecessary duplication of provincial consumer protections already in place. "This already largely duplicates what payday lenders are already required to meet through the provincial government," said Tony Irwin, president…
This week Shahein Nasiripour at The Huffington Post reported on the huge projected profit from the government-run student loan program. The article mainly focuses on whether the government is wrong to profit from student loan money and whether these projected…