PACE Loans Are Out of Line
…their loans. I have defended the title and payday loan industries in the past. Those companies loan very small amounts compared to what PACE programs will lend you—at admittedly extreme…
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Kansas City Deep in Debt
…tearing down dangerous homes—and so it must borrow again to generate the $10 million needed. Despite lofty city rhetoric against payday loans, we seem to be managing city funds using…
Missouri Legislature Looks to Further Regulate Payday Loans
Payday loans are high-interest, short-term loans that are most commonly used in low-income communities. Because high interest rates (often above 500% annually) can easily cause a person’s debt load to…
It’s Official: Payday Lending, Minimum Wage Initiatives Off November Ballot
…large part because its customers cannot get credit anyplace else; payday loans are very, very expensive, but if the alternative is having your gas or electric flipped off for lack…
Short-Term Lending Regulations Can Do More Harm Than Good
…at this rate will not only prevent high interest rates; they will eliminate payday loan shops in the state. Consequently, payday borrowers will probably not be able to acquire credit….
Can The Market Provide Cheaper Short-Term Loans?
…old-fashioned signature loans (that means no collateral from the borrower) of $300 to $2,500. That’s also what payday and installment lenders do. Except Fair Community Credit will lend money for…
Musings On Payday Loans And Pawn Shops In Jackson County
…the government singling out pawnbrokers and short-term loan shops? What next? The proximity of ATMs? When will the regulations stop? For more Show-Me Institute payday loan material, check out this…
Show-Me Institute Free-Market Field Trip No. 2: Payday Loans
In this video, policy analyst David Stokes, accompanied by two research assistants, endeavors to get to the heart of the payday loan debate by … actually getting a payday loan….
Helping the Poor by Denying Them Access to Money
…for many low income individuals, but many states have already eliminated second- and third-best options like payday loans, and there is pressure for Missouri or its localities to follow suit….
