Random Feed wrote an interesting post today on
Here’s a quick excerpt
Court Orders Websites to Halt Payday Loans February 25, 2009 by Joe Finance In a not too surprising move, U.S District Court has ordered seven online payday lenders to cease offering payday loans. The move isn’t all that unexpected considering the array of laws broken by these lenders. Seems a few rotten apples are spoiling the barrel. The companies were not being compliant with many laws. Loan terms and rates were not disclosed properly. Abusive collections practices were implemented

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Random Feed wrote an interesting post today on
Here’s a quick excerpt
If you’ve had credit problems, you know the impact that can have on your borrowing ability. With no credit check payday loans, you can have some of your borrowing power restored. Have you encountered credit blemishes like Bankruptcies, Collections, Foreclosures, Slow or late payments? If you have, you may have difficulty in obtaining a loan…

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Random Feed wrote an interesting post today on
Here’s a quick excerpt
Prosper Marketplace’s recent fee changes on P2P loans are further separating P2P lenders’ interests from those of Prosper. Prosper is loading up more fees at the front of the loan so they will be earning a far greater percentage of their income from loan origination. Lenders, on the other hand, earn all their money from loan payments being made. There has long been concern that Prosper creates and packages loans and moves on to originate the next loan while forgetting about collections. Collect

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