Angela Espada, executive director of the Indiana Catholic Conference, shares her group’s reasons for supporting legislation that would cap payday loan interest rates. Samantha Horton/IPB News Proponents are again pushing lawmakers to pass legislation that would cap annual percentage rates on small loans. Hoosiers for Responsible Lending wants rate capsRead More →

LONDON–(COMMERCIAL THREAD) – Cashfloat.co.uk, a London-based payday loan provider, released a report titled ‘Who Borrowed Payday Loans During The Coronavirus Pandemic’, which analyzes payday loan applications received during the first part of the coronavirus pandemic. He revealed that payday loan applications fell 52% during Britain’s first foreclosure. Payday loan applicationsRead More →

Payday loans provide a quick influx of money, but should be viewed as options of last resort. You could pay interest rates equivalent to 400% APR or more with payday loans. Alternatives include local nonprofits, churches, family members, and personal loans. Learn more about Personal Finance Insider loan coverage here.Read More →