When you are facing an emergency and need cash quickly, you probably think about payday lenders and pawn shops. While both offer quick money solutions, which one is better for you depends on your current situation. Whether you have items worth pawning, when you can repay the loan, and how quickly you need the cash all matter when deciding where to head for your quick loan. Do You Have Something Worth Pawning?…
Read More »Early in 2015, the Consumer Financial Protection Bureau began putting together policies meant to regulate payday lenders throughout the United States. Currently, payday lenders are limited only by state rules regarding maximum interest rates for short term loans and are not federally regulated. Although the CFPB cannot lower the cap on interest rates, that can change the rules that qualify clients to become borrowers. While government intervention is meant to protect you as a borrower, there are some things you should be prepared for if you want to get a payday loan in the future.…
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