July 2021

FORT LAUDERDALE, Fla. (AP) - A video recording of New England Patriots owner Robert Kraft and other men allegedly engaging in sex at a massage parlor will be returned to prosecutors for destruction, a judge ruled Friday of Florida, ending a…

MEMPHIS, Tennessee (WMC / CONSUMER REPORTS) - If you're struggling to pay your bills, you might consider a payday loan. But be careful! Even with some recent reforms, many of these loans still come with high fees and very high interest…

MEMPHIS, Tennessee (WMC / CONSUMER REPORTS) - If you're struggling to pay your bills, you might consider a payday loan. But be careful! Even with some recent reforms, many of these loans still come with high fees and very high interest…

Payday loans are often touted as “emergency relief,” but if you look…

A Super Flower Moon rises through low clouds over the city of San Diego, California, United States on May 25, 2021. REUTERS / Mike BlakeTotal amount borrowed decreased by $ 1.14 billion in 2020Decrease part of a national trend correlated…

Michigan history shows the limit of payday loan service. The law tried to limit the interest rate ceiling to 25%. In 2005, Michigan was the last state to allow payday loans at rates of 340% APR or more. But…

By Annie Millerbernd | NerdwalletLow-cost, short-term lenders, released from a maximum federal interest rate, can charge borrowers rates of 400% or more on their loans.But more and more states are reducing that number by setting ceiling…

South_agency / Getty ImagesIt's hard to find yourself in a situation where you need the cash right away, but you are not alone. In fact, 42% of millennials have used methods like payday loans to deal with debt, according to a study by…

Low-cost, short-term lenders, released from a maximum federal interest rate, can charge borrowers rates of 400% or more on their loans.But more and more states are reducing that number by setting ceiling rates to curb high-interest…