National Foundation for Credit Counseling (NFCC) member agencies offer Consumer Credit Counseling Services (CCCS) to help consumers achieve financial stability. Member agencies are all nonprofit and community-based.
If payday loans have put you on the debt treadmill, NFCC members can provide financial education and counseling to help you manage your debt…
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American Financial Solutions (AFS) is a non-profit credit counseling agency that offers confidential budget counseling, debt management assistance and financial education.
If you find it difficult to pay off unsecured debt such as credit cards or payday loans, AFS can assist you in making informed decisions about managing your debt…
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“The very consumers you are trying to protect will be harmed by higher interest rates charged by unregulated internet payday lenders… New Hampshire consumers will have to turn over access to their checking accounts to a company operated over the internet that they cannot visit, cannot build a relationship with, and in some cases, cannot trust. “
Brick-and-mortar payday lender Terry Roy believes that you cannot legislate away the need for short-term consumer loans. He believes that a proposed interest rate cap of 36% APR will drive payday lenders out of business, force borrowers to seek online payday loans and ultimately put more strain onto the welfare system in New Hampshire…
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Virgin Money (previously CircleLending) is a peer-to-peer (P2P) lending site that helps facilitate loans between friends and families.
Since banks are cut out of the loop, borrowers end up paying much less interest on the loan. Also, since an experienced lender is involved, everyone can avoid the many pitfalls of borrowing money from family and friends…
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The Lending Club is a licensed, peer-to-peer (P2P) lending site that helps match individuals who would like to finance loans with borrowers who need cash.
With interest rates between 7.12% and 18.36% APR, the Lending Club makes an excellent payday loan alternative and can be a good way to reduce expensive credit card debt as well…
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“We’ve had a lot of people upset. It has been hard the last few days telling them that we’re no longer able to make [payday] loans to people in the military.”
According to payday lender Wendy Gibson, armed forces personnel are upset over the Military Lending Act that went into effect on Monday because it limits their consumer loan choices…
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The Military Lending Act takes effect today. By capping loans at 36 percent APR, the act is a de facto ban on payday loans to members of the armed forces.
What are the emergency loan options for military personnel after October 1st, 2007?
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If you are visiting our site from Canada (eight percent of our visitors do) and have found yourself on the debt treadmill (a common payday loan pitfall), Credit Counselling Canada (CCC) can help you find a credit counsellor in your area. Credit counsellors can explain your options regarding negotiated payment plans with creditors…
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“Payday loans are not beneficial in any way, shape or form.”
Former payday loan consumer Tawana Stewart describes her ordeal with payday loans that ended in bankruptcy…
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Arkansas Federal Credit Union (AFCU) offers military members an excellent payday loan alternative in the form of Military Checking Account Overdraft Privilege…
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