From unexpected financial difficulties to situations where a axis bank personal loan top up eligibility injection of cash is needed to see them through till next payday, they are a popular and useful way of borrowing money. We take a look at 10 reasons people take out payday loans. Redundancy In todayвЂs economic climate, there are very few вЂjobs for lifeвЂ and redundancy is something that more people across the UK […] New Retail Credit Union Launched: But Will Credit Unions Really Replace Payday Loans.
This week has seen the launch of a new credit union for the retail sector. The credit union, called retailCURe is heralded to be a big boost for the sector. It is backed by a number of high street names including Debenhams and John Lewis and aims to give retail staff access to finance. Former Dragons Den star Theo paphitis has also backed the new venture revealing that he and his businesses have invested over ВЈ100,000 in the not-for-profit venture.
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" Among her other points: "The article relies heavily on a Pew Charitable Trust study regarding online and storefront lending that is based on research conducted in 2011, which preceded changes by many online lenders in response to industry axis bank personal loan top up eligibility from the FTC.
In short, the study does not reflect how legitimate online lenders conduct business today. We do, however, agree with a number of the conclusions in the Pew report, including the need for more fraud protection and strong, clear federal guidelines for small-dollar loans. "OLA and its members abide by a strict set of industry best practices that Pew referenced positively in its study.
OLA companies use sophisticated underwriting analytics to ensure customers are willing and able to repay. Defaults arent good for the lender or the consumer. OLA has a fraud prevention and identification program that works with the FTC to shut down [fraudulent lenders].
OLAs newly launched 'Look for the Seal' education campaign encourages consumers to 'know before they owe' and only work with responsible, legitimate online lenders. " How to get payday loans online.
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