City Council Talks Tough
 

Birmingham City Council had a moratorium (an authorised suspension of activity) that prevents payday loan lenders from setting up their business within the city. The deadline for the moratorium is June 2014 but the City Council has decided to extend the deadline further in order to strap new regulatory laws into place.

Lashunda Scales, Councilwoman for Birmingham said that the new laws would be applicable to payday loans as well as pawn title loans. She said that the primary objective of the new regulations would be to discourage the unprecedented growth of payday loan lending like websites cushteecash.co.uk. Lashunda Scales, who is sponsoring the proposed ordinance, explained that the payday loan industry was adversely affecting the poorer families and communities living in Alabama.
 

Strong Reaction from Lending Sector
 

Needless to add, t ... Read more »

We've all heard of that famous quote that justifies the prowess of the feline kingdom: cats have nine lives. What if I told you that you, too, can have nine lives--that is, nine lives in managing your financial life! Whether it be an emergency or last-minute splurges on those boots you've always wanted, money becomes the deciding factor. Oftentimes, we find ourselves in such a twisted predicament that we're unsure of how to proceed. This is why payday loans exist.

These loans allow leniency and luxury in life, spending the money you will make LATER-- now. When life takes an unexpected turn, we cannot be expected to always be prepared. A relative in need shouldn't mean skipping dinner for the next few nights. However, when we act on impulse or emotion, sometimes these injustices become a reality. Payday loans allow us to walk away from the catastrophe, unscathed and unharmed. They reward being working members of society with these "get out of jail ... Read more »

A fast-growing number of seniors are hitting retirement with a student debt burden. Even their Social Security is at risk.

Most debt you can get out of—painful as it might be. Credit card debt can be cleared in bankruptcy. A mortgage can end in foreclosure. But student debt is more sticky, and it turns out it can have big consequences in retirement.

Last year, Richard Minuti’s Social Security payments were cut by 10%.

The Philadelphia native was already earning only a bit over $10,000 a year, including some part-time work as a tutor. “I was desperate,” says Minuti. “Taking 10% of a person’s pay who’s trying to live with bills, that’s the cruelty of it.”

The Treasury Department was taking the money to pay for federal student loans he had taken out years before. Just before age 50, Minuti had gone back to college to get a second bachelor’ ... Read more »

Looking online for loan products can be extremely easy or just plain boring.

One such loan product is the personal loan. Perhaps obvious by it's very name, these loans are for individuals. They are quickly processed and totally unsecured - meaning your home or possessions are not at risk if you default on payment. Simply put, whenever you need it you’ll have it in the fastest and quickest way possible. What’s good about this product is that it takes the idea of repaying the loan on an instalment basis, usually over the space of 6-12 months. Unlike loans from banks or other larger financial institutions the personal loans available online require no supporting documentation. As long as the borrower is employed and in good credit standing loans can be approved on the ... Read more »

“Americans are following a stampede to the financial slaughterhouse. Let us stop following them and go in the other direction.”
― Celso Cukierkorn, Secrets of Jewish Wealth Revealed!