Payday loan

LegalShield June Consumer Stress Index Increases as Consumer Protection Measures Approach Expiration Date

Retrieved on: 
Tuesday, July 20, 2021
Finance, Other Consumer, Consumer, Professional services, Legal, Finance, Money, Economy, Credit, Loans, Ada, Oklahoma, Criminal law, LegalShield, Payday loan

LegalShield, the company that protects and empowers people with tools and services needed to affordably live a just and secure life, today released its June Economic Stress Index, a suite of leading indicators of the economic and financial status of U.S. households and small businesses. The LegalShield Consumer Stress Index, one of five sub-indices, rose in June for the second consecutive month, with the index’s consumer finance component reaching its highest point since June of last year. LegalShield plan members sought assistance with credit reports and repair, vehicle financing, payday loans/title loans, and billing disputes causing The LegalShield Consumer Stress Index to increase (worsen) 1.7 points in June to 61.5.

Key Points: 
  • The LegalShield Consumer Stress Index, one of five sub-indices, rose in June for the second consecutive month, with the indexs consumer finance component reaching its highest point since June of last year.
  • LegalShield plan members sought assistance with credit reports and repair, vehicle financing, payday loans/title loans, and billing disputes causing The LegalShield Consumer Stress Index to increase (worsen) 1.7 points in June to 61.5.
  • View the full release here: https://www.businesswire.com/news/home/20210720006036/en/
    The LegalShield Consumer Stress Index (Graphic: Business Wire)
    While stimulus payments, federal protections, and forbearance programs have kept consumer stress muted throughout the pandemic, financial strain appears to be increasing as government interventions are being phased out, said LegalShield CEO Jeff Bell.
  • Despite the rise in Consumer Stress, LegalShields Bankruptcy Index remains at its second-lowest reading on record.

People Believe Online Lenders are Less Discriminatory Against Applicants Due to Race or Ethnicity, According to New Survey Data

Retrieved on: 
Tuesday, July 20, 2021
Money, Finance, Economy, Credit, Loans, Mortgage industry of the United States, Discrimination, Urban politics in the United States, Payday loan

ARLINGTON, Va., July 20, 2021 /PRNewswire/ -- According to new data from a survey conducted by Morning Consult on behalf of the Online Lenders Alliance (OLA), black and Hispanic adults are significantly less confident than other adults in their ability to get credit from traditional financial institutions. As a result, many hesitate to even apply for credit. However, these same consumers believe that online lenders are less discriminatory against applicants due to race or ethnicity than other lenders.

Key Points: 
  • However, these same consumers believe that online lenders are less discriminatory against applicants due to race or ethnicity than other lenders.
  • "According to this new survey data, less than half of black and Hispanic adults feel confident in their ability to get any credit they needed in 2021," said Andrew Duke, Executive Director of the Online Lenders Alliance.
  • "Online loans are not only an essential option for millions of consumers, they believe they face less discrimination with online lenders than with other lenders.," Duke continued.
  • All adults (but particularly African Americans) felt that online lenders were less discriminatory against applicants.

Oportun Expands Secured Personal Loans Product to Florida

Retrieved on: 
Tuesday, July 13, 2021
Money, Finance, Loans, Economy, Payday loan, Title loan, Payday loans in the United Kingdom, Merchant cash advance

Just as our traditional personal loans have served as an alternative to payday loans for the borrowers we serve, this new product serves as an affordable, credit building alternative to auto title loans, said Matt Jenkins, Chief Operations Officer at Oportun.

Key Points: 
  • Just as our traditional personal loans have served as an alternative to payday loans for the borrowers we serve, this new product serves as an affordable, credit building alternative to auto title loans, said Matt Jenkins, Chief Operations Officer at Oportun.
  • Through its secured personal loans, Oportun can serve customers who would otherwise be denied access to affordable credit.
  • Oportun secured personal loans offer customers fixed and affordable payments; no prepayment penalties or balloon payments; and the opportunity to build a credit score.
  • Oportun secured personal loans range in size from $2,525 to $20,000.

Clair Closes $15M Series A Led by Thrive Capital

Retrieved on: 
Thursday, June 10, 2021
Software, Human resources, Finance, Banking, Data management, Small business, Professional services, Technology, Finance, Money, Economy, Entrepreneurship, Thrive Capital, Venture capital, Financial technology, Payday loan, Clair, Thrive Capital, CLAIR, THRIVE CAPITAL

Clair helps workers avoid relying on predatory payday loans and instead gain access to a wide range of financial services.

Key Points: 
  • Clair helps workers avoid relying on predatory payday loans and instead gain access to a wide range of financial services.
  • Clairs Series A round follows Thrive Capital raising its most recent fund, Thrive VII, which closed $2 billion in February 2021 and brought the firm's total assets under management to $9 billion.
  • Thrive Capital is one of the most experienced VC firms around when it comes to backing game-changing fintech businesses.
  • Founded in 2009, Thrive Capital is a venture capital investment firm based in New York that builds and invests in internet, software, and technology-enabled companies.

National Payday Loan Relief: A Trusted Financial Institution That Is Providing The Best Payday Loan Settlement As Part Of Their Payday Loan Help Program In This Pandemic

Retrieved on: 
Friday, June 4, 2021
Money, Finance, Economy, Credit, Loans, Debt, Payday loan, PayDay, Payday loans in the United States, Community Financial Services Association of America

National Payday Loan Relief is popularly known for its payday loan consolidation and payday loan relief programs.

Key Points: 
  • National Payday Loan Relief is popularly known for its payday loan consolidation and payday loan relief programs.
  • The payday loan help program provided by National Payday Loan Relief is available to help people out of their debt cycle, huge debts, and embarrassing calls from lenders.
  • The payday loan settlement program can help achieve a loan cut to as little as 50% of the original loan.
  • Rather than filing for bankruptcy, the estranged borrower should take up the free consultation National Payday Loan Relief and embrace the payday loan settlement program.

Mountain America Credit Union Announces Retirement of Chief Lending Officer

Retrieved on: 
Friday, May 21, 2021
Money, Finance, Economy, Loans, Credit, Paycheck Protection Program, Payday loan, Lendio

b'SANDY, Utah, May 21, 2021 /PRNewswire/ --Mike Turner, Mountain America Credit Union\'s chief lending officer since 2009, has announced he will retire on June 4, 2021.

Key Points: 
  • b'SANDY, Utah, May 21, 2021 /PRNewswire/ --Mike Turner, Mountain America Credit Union\'s chief lending officer since 2009, has announced he will retire on June 4, 2021.
  • Over the span of his career, Mike also worked for Valley National Bank, Bank One and Chase Bank prior to joining Mountain America in 2004.
  • During his time at Chase Bank, he served as senior vice president and chief of staff, overseeing business lending in five states.\nMike joined Mountain America\'s lending team in 2004 and was promoted to chief lending officer in 2009.
  • Under Mike\'s leadership, Mountain America has recognized the following successes:\nMountain America\'s lending portfolio has grown from $2.4 billion in 2009 to over $9 billion in outstanding loans today.\nCallahan and Associates has ranked Mountain America as the #1 SBA lender for credit unions for the past 17 years.\nDuring the first round of the Paycheck Protection Program, Mountain America was ranked as the #1 credit union lender nationally, funding more than 7,000 loans to help keep businesses open and employees on the payroll.\nIn 2018, Mountain America was one of the first financial institutions to introduce eClose on commercial loans.\n"While Mike has an innate ability to recognize opportunities and successfully execute his vision, his commitment to helping members achieve their financial dreams has allowed Mountain America to grow rapidly while placing members first," says Nathan Anderson, chief operating officer at Mountain America Credit Union.

National Installment Lenders Association: Illinois Citizens Speak Out Against New Lending Law [Videos]

Retrieved on: 
Tuesday, May 11, 2021
Money, Finance, Loans, Economy, Installment loan, Title loan, Payday loan

The new law has effectively shut down the traditional installment lending industry in the state, leaving borrowers with no legal, licensed, in-state credit resources to draw upon.

Key Points: 
  • The new law has effectively shut down the traditional installment lending industry in the state, leaving borrowers with no legal, licensed, in-state credit resources to draw upon.
  • "\nTraditional installment loans have been available in Illinois for generations and are seen as a safe and affordable alternative to payday or title loans.
  • This law must be repealed quickly if our state is to avoid a situation in which large numbers of our citizens face considerable hardship.
  • "\nA selection of the videos is available at nilaonline.org/testimonials , with the remainder, nearly two hundred and counting - published to Vimeo.

Payactiv Wins "Company of the Year" in Financial Services at the 2021 American Business Awards®

Retrieved on: 
Wednesday, May 5, 2021
Money, Finance, Economy, Debt, PayActiv, Payday loan, Overdraft, Bank

"\nWinner, Corporate Social Responsibility Program of the Year: "Payactiv went above and beyond..." and "Epitome of corporate responsibility..." and "A conscious effort to help those in industries most impacted by COVID-19.

Key Points: 
  • "\nWinner, Corporate Social Responsibility Program of the Year: "Payactiv went above and beyond..." and "Epitome of corporate responsibility..." and "A conscious effort to help those in industries most impacted by COVID-19.
  • "\nPayactiv creates products that empower more people to participate in the economy they helped create.
  • Employees love Payactiv because it eliminates the expensive between-paychecks toll of payday loans, bank overdrafts and late fees.
  • Payactiv offers a suite of financial services that includes savings and budgeting tools, bill payment and financial-health measurement.

National Payday Loan Relief Is One Of The Few Trusted Companies That Provides Effective Means To Refinance A Mortgage With A Great Refinance Rate

Retrieved on: 
Tuesday, May 4, 2021
Money, Finance, Economy, Mortgage, Loans, Personal finance, United States housing bubble, Refinancing, Payday loan, Mortgage loan, Foreclosure, Payday loans in the United States

They are known for their payday loan relief and payday loan consolidation program.

Key Points: 
  • They are known for their payday loan relief and payday loan consolidation program.
  • It means the rate at which lenders decide not to exercise their legal right to foreclose on a mortgage is declining.
  • A person can decide to refinance a mortgage not only because they have problems paying off the mortgage.
  • The client can use National Payday Loan Relief to help negotiate with the lenders to get a better deal on the mortgage payment.

National Payday Loan Relief Delivers an Excellent Payday Loan Consolidation Program for People During the Pandemic

Retrieved on: 
Tuesday, April 27, 2021
Money, Finance, Economy, Loans, Credit, Debt, Payday loan, PayDay, Payday loans in the United States, Payday loans in the United Kingdom

National Payday Loan Relief knows this fact about debts; it is why they have Payday Loan Consolidation program, Payday Loan Relief program, and Debt Management to help people get free from debts.\nWith the presence of the COVID-19 pandemic came an upsurge of debts and financial instability.

Key Points: 
  • National Payday Loan Relief knows this fact about debts; it is why they have Payday Loan Consolidation program, Payday Loan Relief program, and Debt Management to help people get free from debts.\nWith the presence of the COVID-19 pandemic came an upsurge of debts and financial instability.
  • National Payday Loan Relief has a national payday loans map that will help people know the availability of payday loan laws and debtor\'s protection in all states of the country.
  • National Payday Loan Relief is the only marketing firm in the United States that partners people with a payday loan relief program in their state.
  • They pride themselves on being one of the most reliable, customer-friendly, knowledgeable payday loan relief firms.\nFor more information on payday loan relief, visit https://nationalpaydayloanrelief.com or call (888) 407-4521.