deseretnews.com | Trapped for cash: Deeper in debt: "Each payday, Patty Bailey of Kearns faced a long line of lenders whose two-week loans to her were due � along with interest at annual rates ranging from 400 percent to 980 percent.
Bailey could not afford to pay off those 'payday loans.' So, with cash from her paycheck, she visited lenders to buy more time. For example, she would pay, according to her records, $26 to Cash America to extend a $200 loan for another two weeks for an interest rate that comes to 469 percent annually."
Wednesday, November 16, 2005
Northwest Herald - Online
Northwest Herald - Online: "Consumer advocates say it's a 'borrower beware' market. Companies and independent brokers generally are not legally required to tell customers that they might receive a better deal elsewhere, and regulations have not kept pace with the booming mortgage refinancing market and skyrocketing home prices. "
Borrowing for debt consolidation with bad credit made easier. - UK Debt Consolidations
Borrowing for debt consolidation with bad credit made easier. - UK Debt Consolidations: "Debt consolidation has by now become a popular source of debt settlement for the British residents. However, borrowers with bad credit using debt consolidation loans are still seen with suspicion by loan providers. The loan providers would seldom believe that the debt consolidation loans are a necessity for the borrowers with bad credit. UK Debt Consolidations understands this and has thus come up with equally competitive deals in debt consolidation loans for bad credit borrowers."
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