August 2016

Trying to outpace regulators, the payday loan industry is shifting from lump sum payment to installment repayment. However, the loans still pose huge risks for borrowers, the Pew Charitable Trusts said on Thursday. “Most installment…

Payday loans and installment loans have a lot in common. Both tend to be presented to borrowers with FICO scores that prevent them from accessing more traditional means of acquiring credit like cards or personal bank loans, both tend to…