Small Consumer Loans?
Date: Thu, 07/28/2011 - 16:47
I live in IL & just read that there is now something called "small consumer loans" as an alternative to PDLs & at a much lower interest rate. Part of the IL regulations that were recently passed (at least that's what I read).
Anybody know anything about these?
I know this is a "get out of debt" forum, but many of us get payday loans as a last resort & often for bare necissities - like paying the rent or being able to feed our kids. These loans seemed more reasonable as far as the interest rate goes - I wonder if there's a catch or they are just as bad as PDLs.
Anybody know anything about these?
I know this is a "get out of debt" forum, but many of us get payday loans as a last resort & often for bare necissities - like paying the rent or being able to feed our kids. These loans seemed more reasonable as far as the interest rate goes - I wonder if there's a catch or they are just as bad as PDLs.
Yes, I have heard of small consumer loans. You can check out the
Yes, I have heard of small consumer loans. You can check out the given page to know more in this regard: "http://www.illinoisattorneygeneral.gov/consumers/paydayloans.html".
You can obviously take out small consumer loans if you want to.
You can obviously take out small consumer loans if you want to. But personally speaking, I don't think it is a good idea. It is not a good sign that you have to take out a small consumer loans to pay your rent. This shows that you have not been able to manage your finances well.
I agree with what the previous posters have said. Check out the
I agree with what the previous posters have said. Check out the given page to know more about small consumer loans:
"http://www.smallconsumerloans.net/"
