Archive for the ‘Payday Loans’ Category
Just wanted to let everyone know our resource page is up and running. We want to be able to give our readers some valuable link resources in the realm of finance. Check in periodically and see what new resources we are able to find and post for you.
The public anger that our economy is suffering because the government allowed millions of Americans to obtain massive amounts of debt is causing government officials to propose new laws to prevent this from happening again. Senator Dodd, for example is proposing new laws for younger people, with one of the requirements being that a parent or guardian most co-sign for loans given to people younger than 21. While this could be seen as a great idea or another sign of government tyranny, everyone would agree that United States citizens as a whole need a crash course in financial literacy. And as Senator Dodd rightfully targeted, our children need this crash course the most. Read more
Senator Dick Durbin is attempting to limit the credit options of millions of Americans. I for one am outraged, and you should be too. The proposed “Protecting Consumers from Unreasonable Credit Rates Act” will put a federal interest rate cap on all loans at 36% APR. What does this mean to you and me? Well, nothing, unless you have ever needed short-term credit like a cash advance.