• 28Oct

  New Research Says Payday Loans Offer Freedom

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  New Research Says Payday Loans Offer Freedom

  Payday loans have had a bad name in the press, but new research confirms what industry insiders already know: payday loans actually offer freedom of choice in managing a household budget and without them, borrowers end up using less desirable alternatives for getting cash.

  Online PR News – 26-October-2009 – Contrary to what the press may have us think, payday loans help people rather than hurt their finances. X9a.biz payday loans and the people behind them would like you to know the facts about this issue. There is a broad and powerful coalition working against the sector of the financial industry which offers payday loans to consumers. It includes people ranging from anti-poverty activists to the President of the United States, Barack Obama. They claim that payday loans exploit poor people by offering loans with bad terms to people who can’t seem to refuse them, whether it’s out of desparation or not knowing any better. The government has even gone as far as banning payday loans to members of the military and their families, saying these loans affect “military readiness”! Now President Obama wants to ban payday loans to all citizens, at a federal level.
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  Tags: payday loans, payday loans offer, payday loans offer freedom

• 28Oct

  Payday Loans Help

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  Payday Loans Help, not Hurt, the Consumer, According to Recent Research

  A no fax cash advance can help the average consumer, according to new research out this month. President Obama promised to “work to empower more Americans in the fight against predaroty lending”, but ask the experts who study the financial industry and you’ll hear a different tone. E-cash-advance.net is here to dispel the rumors and offer facts about the no fax cash advance.

  Online PR News – 25-October-2009 – Opponents of the no fax cash advance claim that the industry exploits poor people by offering them loans with terrible terms. The reasoning here is that poor people don’t know any better, and that the no fax payday loan makes it easy for poor people to get in to serious debt. The no fax payday loan is lumped together with actual predatory products like no-documentation mortgages, high interest credit cards, and credit-default swaps.
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  Tags: no fax payday loan, payday loans, payday loans help

• 28Oct

  Advance America Cash Advance Reports

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  Advance America Cash Advance Reports Diluted Earnings per Share of $0.20 for the Third Quarter

  Advance America, Cash Advance Centers, Inc.

  SPARTANBURG, S.C., Oct. 28 /PRNewswire-FirstCall/ — Advance America, Cash Advance Centers, Inc. (NYSE: AEA) today reported the results of its operations for the nine months and quarter ended September 30, 2009.

  For the nine months ended September 30, 2009, total revenues decreased 5.4% to $474.4 million, compared to $501.5 million for the same period in 2008. Total revenues for the quarter ended September 30, 2009 decreased 3.4% to $167.9 million, compared to $173.9 million for same period in 2008. These comparisons include the results of operations in Arkansas and New Mexico, states the Company exited in 2008, as well as operations in New Hampshire, a state in which the Company ceased making advances in January 2009. Revenue from these three states for the nine months and quarter ended September 30, 2008 was $10.1 million and $3.6 million, respectively. In addition, as a result of a new Ohio law enacted in November 2008, the contribution to revenues from our centers in that state has decreased dramatically. Revenue from Ohio declined by $16.6 million and $3.8 million for the nine months and quarter ended September 30, 2009, respectively, compared to the same periods in 2008.
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  Tags: Advance America, America cash advance, cash advance reports

• 28Oct

  BHM Financial Provides Solution

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  BHM Financial Provides Solution to New B.C. Payday Rollover Problems

  The B.C. government has recently instilled new payday loan laws that will impact borrowing fees, rollover loans, and grace periods. BHM Financial Group is offering payday lenders a way to profit despite these new laws.

  British Columbia, Canada, October 28, 2009 –(PR.com)– New legislation proposed by the government of B.C. states that payday loan companies will no longer be able to administer rollover loans. This places payday owners at a great disadvantage relating to outstanding loan debts.
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  Tags: payday lender, payday rollover, payday rollover solution

• 28Oct

  Payday loans unfairly attacked

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  Payday loans unfairly attacked

  The column written by the Alabama Poverty Project representative on Oct. 21 contains several glaring inaccuracies and unfairly categorizes the payday lending industry.

  The experiences of the payday loan customers mentioned in the column are far from typical. It is possible that an unethical payday lender led to this woman’s experience, but it does not in any way represent the industry as a whole.
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  Tags: Alabama payday loans, payday lender, payday loans

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