payday loans

A new report from the Center for Responsible Lending paints a seriously depressing picture of the damage the payday loan industry wreaks on its customers. What's worse is that the report actually understates the grim reality facing payday borrowers today.

When aggressive bill collectors recently targeted members of the military with scams and over-the-top collection techniques, New York's attorney general this month issued a stern warning to debt collectors. Unfortunately, debt collection abuses are not the only financial hazards facing military...

The payday lending industry has taken many a hit over the past couple of years as state after state impose limitations on the interest rates charged that made this such a lucrative business. Now, some payday lenders have found a new strategy that allows them to overcome local restrictions:...

Harassing calls from debt collectors are bad enough, but when you don't even owe the debt, that's a whole lot worse. Susan McCafferty, a 63-year old resident of Harvey, La., and a Consumer Ally reader, says she's been getting those kinds of calls. And, it seems, so are others. As countless...

Payday loans can wreak havoc on a person's financial life. These loans carry sky-high APRs and the penalties for late or missed payments can be extreme. Many consumers, who turned to payday lenders in a time of need, later find themselves worse off than when they started. In this series, WalletPop...

Payday loans can wreak havoc on a person's financial life. These loans carry sky-high APRs and the penalties for late or missed payments can be extreme. Many consumers, who turned to payday lenders in a time of need, later find themselves worse off than when they started. In this series, WalletPop...

Payday loans can wreak havoc on a person's financial life. These loans carry sky-high APRs and the penalties for late or missed payments can be extreme. Many consumers, who turned to payday lenders in a time of need, later find themselves worse off than when they started. In this series, WalletPop...

Payday loans can wreak havoc on a person's financial life. These loans carry sky-high APRs and the penalties for late or missed payments can be extreme. Many consumers, who turned to payday lenders in a time of need, later find themselves worse off than when they started. In this series,...

Sensitive and personal information of Payday Loan Store's customers ended up in the trash despite a company policy that promises to protect such data, according to a lawsuit filed by Illinois' attorney general. The company, which sells high-interest, short-term loans, allegedly dumped the...

The technology officer of a payday loan marketer the Federal Trade Commission says illegally debited the bank accounts of hundreds of thousands of cash-strapped consumers agreed in a settlement to pay $850,000 for his role. The FTC has been cracking down on payday lending and other types of...