Category Archives: Money Installment Loans

Four Things You Must Know About Payday Advances

Four Things You Must Know About Payday Advances

A day that is new dawning for “payday” loans.

The buyer Financial Protection Bureau recently proposed a collection of guidelines that could provide more defenses to borrowers whom remove pay day loans – high-interest, short-term loans, usually aiimed at lower-income borrowers.

The proposed rules would need that loan providers assess whether borrowers are able to spend their loans back, on top of other things. Continue reading