Steven Said:

Why don't Free Market Principles work when creditors give out loans for students and payday loans?

We Answered:

1, Because there's no such thing as a rational market.
2,Payday loans are generally sought by people with a poor credit history who would be turned down by major lenders. They therefore have no option but pay the exorbitant interest, which covers the lender's risk.
3, People are also swayed by sales pitches (the notorious SAPNAP system - sell a payment not a price), familiarity and ease of use. The example of the latter two is store credit cards. They are familiar and convenient.

Student loans here in NZ are extended and managed by the government at an extremely low interest rate. Repayments only become necessary if the student earns above a certain threshold or that student leaves the country to work overseas (what we call the brain drain.) I can't comment on the US system.

The other major factor is "what does lending your money cost you?" If you could get a better return by investing in 90 day bills or property why would anybody lend at 1%?

Eduardo Said:

I need a personal loan no payday loans no prosper no american general they aare a big joke! no money up front?

We Answered:

Try cashcall.com don't give any of these "PRIVATE" Lenders any personal information, and don't send them any money i've lost over 7800 dollars in that last 10 months sending money to private lenders as colateral for loans from 3000to 10000 they get your bank information so they can "deposit" funds then they wipe out your account. be very careful man.

Carrie Said:

Do you know of a private payday loans for me?

We Answered:

hi
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Good luck!......

Catherine Said:

what type of background check does PLS (payday loan store) conduct for employment?

We Answered:

i used to work for them and my credit score was pretty bad, plus i had a misdemenor on my record...they look more for felonies more related to theft, money laundering, etc. since you WILL be working with money...hope that helps.

Dean Said:

My dad just passed away and he had a few credit cards and one active payday loan.?

We Answered:

You are not responsible for anything your Fathers estate is.

If your Father had a will, there should be someone named to take care of these things. If not the State will step in and handle the probate.

All outstanding debts must first be paid before any inheritance can be given out. This money can come from cash in the bank, investments, 401-k accounts, real property owned like homes, land, cars and boats.

Life insurance is exempt.

As far as the car goes if there is a lien on it you can not change it without paying off the lien first. If not then it's still not a good idea because if they start looking into it and find that the date of the transfer is after the date of your Fathers passing it will be considered fraud.

I would suggest if your Father did not have a will contact your family lawyer if you have one or simply look in the yellow pages under probate law.

Good luck and I'm sorry for your loss.

Jill Said:

Getting a payday loan using financial aid as collateral?

We Answered:

No it won't. I suggest using your financial aid for school and look for a job and use that