The former financial adviser for ex-NFL quarterback Vince Young says he arranged a seven-figure loan for Young during the 2011 lockout because the player wanted to throw himself a $300,000 birthday party.
Americans took out more student and auto loans in September to boost consumer borrowing to a record level. But they cut back on credit card borrowing, a sign many remain cautious about taking on high-interest debt.
The insurance claims from Superstorm Sandy are pouring in and so are the loan requests. The U.S. Small Business Administration’s Office of Disaster Assistance in Fort Worth is looking to hire more than 100 loan officers.
When Damion Pugh needed money fast, his Breitling watch gave him a bright idea. Instead of going to a pawn shop, Pugh used Pawngo –– a web based pawn service.
A payday lending reform bill, dealing with limited state regulation of the industry for the first time, is already sitting on Governor Perry’s desk. Now, a second bill, calling for full disclosure of all of the loan terms, is headed his way.
Some payday lenders say they will leave the state if new regulations are passed. There are several proposed Senate bills that would put limits on interest rates and fees charged by the lenders.
Experts offer advice for those who watched their credit score nosedive.
Dozens of churchgoers walked the streets of Dallas on Saturday, protesting loan businesses.