Us Personal Loans

The process appears to be simple and straightforward: Someone incurs an unexpected expense and is caught short of funds between paychecks. If one has little or no credit history or if one’s credit score is not ideal, borrowing from a mainstream financial institution may not be possible. In such predicaments, all one has to do is go to a website, fill in a form and voila! The desired amount is delivered electronically via a “payday loan”. Sometimes, there is no credit check to worry about. However, there are times when the process and payback may not be simple and straightforward. Below are some articles that discuss bad consumer experiences with payday loans.

1. How to Get Out of Payday Loan Hell: One person’s experience with fees and interest piled onto a payday loan.
2. Payday Loans vs. Credit Unions: A useful comparison of the two lender types.
3. Victims of Payday Lending: Stories from the Center for Responsible Lending.
4. Usury Country: An article describing how the middle class are being pushed further into debt by payday loans.
5. Payday Mayday: An article that talks about some states that have banned payday loans.
6. Americans for Fairness in Lending: Article reference of NPR interview with Gary Rivlin about the multi-billion dollar industry of making money off of the poverty stricken.
7. Stay Violation: Article draws comparison of payday loan lenders to loan sharks.
8. Credit Slips: Several articles on payday lending.
9. Rip Off Report: Resource with several articles dealing with payday loan experiences.
10. Wise Bread: Article deals with financial products to avoid including payday loans.
11. State Net Capitol Journal: How states are clamping down on payday lending.
12. Missourian: Article deals with the experiences of a payday loan store employee.
13. 43 Things: People discuss their struggles with payday loans.
14. The Colorado Independent: How Colorado dealt with this issue.
15. Express Milwaukee: Article debating the need for payday lending in Wisconsin.
16. Virginians Against Payday Loans: Experiences from those formerly of the industry.
17. The Cap Times: A lawsuit story regarding payday lending.
18. Change: Article comparing payday lending to organized crime.
19. The Lost Albatross: Legislative update on predatory lending.
20. Pilot Online: Article discussing those that use payday lending.
21. Catholic News Service: A minister’s experience with payday lending.
22. Minnesota Public Radio: Article on the cycle of debt payday lending can cause.
23. Usury Law: Discussion of usury and how it applies to payday lending.
24. Alliance to Prevent Predatory Lending: Experiences from victims in their own words.
25. Get Rich Slowly: The danger inherent in payday loans.
26. Center for American Progress: More on how a consumer can get caught in the payday lending process.
27. Military Money: How some payday lenders target military families.
28. CUNA: How online payday loans can cause identity theft.
29. Consumer Fraud Reporting: Scams involving payday loan collections.
30. Trading Markets: Another scam relative to the payday loan collection.
31. Finance-FAQ: Questions and answers on the subject.
32. Think Glink: More on payday debt collection scams.
33. Consumer Law: Article on how those who accept utility payments can get people to take on payday loans.
34. Boing Boing: How payday lenders prey on the underprivileged.
35. Arkansas Advocates: How payday lending malpractice was stopped in Arkansas.
36. Good Financial Cents: Real-life case of a payday loan borrower.
37. New America Media: How payday lending is targeted ethnically.
38. The Petition Site: Real life experience related in a petition.
39. Credit Builders Alliance: Several articles on the pitfalls of payday loans.
40. The Consumerist: Video interview of a former payday lending employee.
41. National Association of Consumer Advocates: Facts on several kinds of predatory lending.
42. CRA-NC: How payday lending affected North Carolina.
43. MACED: How payday lenders prey on the financially insecure.
44. The Debt Trap: How Ohio handled the payday lending industry.
45. The Beehive: Offers information and alternatives to payday loans.
46. Frost Illustrated: Debate about how much a trap payday lending is.
47. PRWatch: A bankers’ gathering in Chicago heard from a victim of payday lending.
48. Mission Local: How a city ordinance affected payday lenders.
49. Cagey Consumer: Several resources for educating oneself on payday lending.
50. Facts About PayDay Loans: What are payday loans and why are they harmful to the families?

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