debt

Mint Money Audit: 4 Steps for Getting Out of Debt Once and For All

March Mint Audit: Samantha, mom of two, struggling to pay off $41,000 in credit card debt Samantha reached me recently to ask how she and her better half could squash their $41,000 in credit card debt once and for everyone. She works in as a media mentor for administrators. Her better half works for the Read more about Mint Money Audit: 4 Steps for Getting Out of Debt Once and For All[…]

interest rates

Interest Rates vs. APR: How Not Knowing the Difference Can Cost You

When you apply for a loan it’s tough to know the interest rates and the APR. In spite of the fact that you probably won’t recognize these two terms, they are different — and not knowing the distinction could result in your regular monthly scheduled installments being higher than you expected. Teaching yourself about interest Read more about Interest Rates vs. APR: How Not Knowing the Difference Can Cost You[…]

credit card debt faster

This repayment hack could help you knock out credit-card debt faster

Forget that base regularly scheduled installment. An expected report discovers buyers satisfied a greater amount of their month to month credit card balance when allowed to target particular buys on their statement for reimbursement. But specialists say there aren’t numerous instruments to do that specifically through your credit card issuer. A DIY approach would require Read more about This repayment hack could help you knock out credit-card debt faster[…]

instant approval payday loans

U.S. Bank unveils payday loan for cash-strapped consumers

A recent study from finance company Northwestern Mutual indicates that the average American presently has $38,000 in the debt, excluding Mortgage. Many Consumer advocates for years have said that payday loan is expensive to borrow and that people are caught in a circle of high-interest debt. On the other end of aisle, many industry associations claim Read more about U.S. Bank unveils payday loan for cash-strapped consumers[…]

texas payday loan laws

Texas payday loan laws

Legal Status: Legal (Credit Access Businesses) Citation: 5 Tex. Fin. Code §§ 393 et seq.,  4 Tex. Fin. Code §§ 342.004 Loan Terms: Maximum Loan Amount: Not specified Loan Term: Up to 180 days for CAB agreement Maximum Finance Rate and Fees: No cap on Credit Access Business fees.  Lender interest capped at 10%. Finance Charge for 14-day $100 loan: No cap. Read more about Texas payday loan laws[…]

Washington payday loan laws

Legal Status: Legal (Lender must have a small loan endorsement to their check casher license) Citation: Wash. Rev. Code Ann. 31.45.010 et seq. Loan Terms: Maximum Loan Amount: $700 or 30% of gross monthly income, whichever is less Loan Term: Max: 45 days Maximum Finance Rate and Fees: 15%: first $500; 10%: remaining portion of the loan in excess of Read more about Washington payday loan laws[…]

Oregon payday loan laws

Oregon payday loan laws

Legal Status:  Legal (Lower Cost) Citation:   54 Or. Rev. Stat. § 725A.010 et seq. Loan Terms: Maximum Loan Amount:  $50,000 (Loan limit up to 25%of borrower’s net monthly income if earns $60,000 per year or less.) Loan Term:  31 to 60 days Maximum Finance Rate and Fees:  36% APR interest, one-time $10 per $100 of loan origination fee, up Read more about Oregon payday loan laws[…]

Montana payday loan laws

Legal Status:  Prohibited (Usury Cap) Citation:  Mont. Code Ann. 31-1-701 (Payday Loan Law enacted prior to Ballot Initiative 164 that capped rates at 36% APR remains on the books.) Loan Terms: Maximum Loan Amount: $300, up to 25% of the monthly net income of the borrower Loan Term: Max: 31 days Maximum Finance Rate and Fees: 36% APR Finance Charge for Read more about Montana payday loan laws[…]

Wyoming payday loan laws

Legal Status: Legal Citation: Wy. Stat. 40-14-362 et seq. Loan Terms: Maximum Loan Amount:  Not Specified Maximum Loan Term:  1 calendar month Maximum Finance Rate and Fees:  the greater of 20% per month or $30 Finance Charge for 14-day $100 loan:  $30 APR for 14-day $100 loan:  780% Debt Limits: Maximum Number of Outstanding Loans at One Time:  Read more about Wyoming payday loan laws[…]

Colorado payday loan laws

Legal Status:  Legal (Lower Cost) Citation:  Colo. Rev. Stat. 5-3.1-101 et seq. Loan Terms: Maximum Loan Amount:  $500 Loan Term: Min:  6 Months Maximum Finance Rate and Fees:  20%: $0-$300 + 7.5%: $301-$500 plus 45% per annum interest plus monthly maintenance fee $7.50 per $100 borrowed, up to $30, after first month. Finance Charge for 14-day $100 loan: Not applicable Read more about Colorado payday loan laws[…]