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Are Payday Loans Good For You
By Lal Krishna

Millions of people make use of payday loans every year, and their number is increasing. Yet the payday loan industry is also the favorite whipping boy of several organizations. The allegations against the industry are well known: that they charge a high interest rate, and push low-income people further into debt.

There have been arguments for and against this position. Yet the fact is the industry has continued to grow, and more people access their services every year. What is more, some banks have also extended credit lines to payday loan lenders in order to get a finger into the growing pie. The irony is that the banks refuse to lend to people the payday loan industry serve, yet want a portion of the...
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In the News
Scientific Games Announces Pricing of $250 Million of 8.125% Senior Subordinated Notes Due 2018
NEW YORK, Sept. 8 /PRNewswire-FirstCall/ -- Scientific Games Corporation (Nasdaq: SGMS) (the "Company") announced today that it has priced its private offering (the "Notes Offering") of $250 million of 8.125% Senior Subordinated Notes due 2018 (the "2018 Notes"). The 2018 Notes will be offered only to qualified institutional buyers in accordance with Rule 144A and to non-U.S. Persons under ... Read More ...

Impossible Things And Our Economic Recovery
Economists and policy makers seem to want to believe impossible things in regard to the current debt Read More ...

Wealth workout: our verdict on new savings deals
Banks and building societies release new offers all the time. But how good are they? Every week, we put them to the test. Read More ...

 

 

 
 
 

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