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Payday Loan Industry Watch (PLIWatch.org) News
An aggregated source of payday loan and cash advance news provided by independent observer Payday Loan Industry Watch (PLIWatch.org)

Industry preys on Alabamians
19 Mar 2007 at 6:02am
Montgomery, Alabama - Starting later this year, payday lenders who prey on the working poor in Alabama, charging unconscionable interest rates of 450 percent or more, won't be able to do so for those Alabamians who serve in the military.
Payday lenders hope to return in Georgia
18 Mar 2007 at 4:15pm
Atlanta, Georgia - When the Georgia General Assembly opened for business in January, representatives of the payday lending industry walked in the Capitol's door, eager for another battle. . . . the return to Georgia was a bold move.
Payday lenders, state reach deal on curbing fees
18 Mar 2007 at 8:25am
Phoenix, Arizona - The state's payday lenders have agreed to sharp new curbs on their practices and fees in exchange for ensuring they are not forced out of business in three years.
Boost or burden? Proposed law to control payday lending
18 Mar 2007 at 8:12am
Concord, New Hampshire - Negative perceptions about payday loans really aggravate Megan Tracy, a 42-year-old Concord woman who lives on a month in Social Security and disability benefits.
House, Senate lawmakers agree on payday loan restrictions
16 Mar 2007 at 2:17pm
Santa Fe, New Mexico - A compromise bill to impose new regulations on the payday loan industry passed the Senate in a 37-5 vote Thursday and will now go to Gov. Bill Richardson, whose office helped broker the deal.
Payday loan regulation bill passes Senate
16 Mar 2007 at 2:05pm
Santa Fe, New Mexico - A compromise bill regulating payday lenders has cleared the Legislature and is now awaiting the signature of Gov. Bill Richardson so it can become law.
Payday lenders to reform policies
15 Mar 2007 at 11:18am
San Francisco, California - The reforms aimed at African-American and Latino borrowers seeks to educate customers about the use of payday loans, voluntarily limits advertising and offers a once-a-year break to borrowers who don't pay back loans quickly.
Payday loan companies agree to cease lawful debt collection in West Virginia
14 Mar 2007 at 9:15am
Charleston, West Virginia - West Virginia Attorney General Darrell McGraw announced a settlement agreement with four affiliates of the nation's largest payday lender, Advance America, Cash Advance Centers, Inc. ('Advance America') of Spartansburg, South Carolina. The companies agreed to cease engaging in certain debt collection practices that concerned McGraw's office.
2006 in review: EZCORP
28 Dec 2006 at 11:40am
Austin, Texas - Ah, the value of hindsight. Had we all known in January what we know today, we could have tripled our money in pawnshop operator and payday lender EZCORP, which started the year at around a share and trades today at more than .
2006 in review: Cash America
28 Dec 2006 at 11:40am
Fort Worth, Texas - It was a year for pawnshops and payday lenders to branch out beyond their normal boundaries as their traditional lines of business came under legal and regulatory assault.
Widen payday loan limits
28 Dec 2006 at 11:40am
Austin, Texas - Last September, Congress passed a law that limits the rate of interest that can be charged on a loan to members of the U.S. military and their families to 36 percent.
Jones defends cash advance businesses
28 Dec 2006 at 11:25am
Cleveland, Tennessee - Cleveland, Tn.'s Allan Jones, chairman and CEO of Check Into Cash, Inc., is taking issue with the recent attack on the industry by the Center for Responsible Lending (CRL).

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Bankruptcy Claim And Community Debts
by Administrator
27 Apr 2008 at 8:52pm
If you are divorced and are filing for bankruptcy claim, you might be thinking whether you will be able to wipe out your obligation of paying community debts. In normal circumstances, it is quite likely that filing the court petition regarding the same will free you from all community debts that are dischargeable. However, in [...]
Differences in Bankruptcy Chapters
by Administrator
29 Oct 2007 at 3:30am
Know Your Credit Score? Find Out Free by Alan Lester van der Reinje No matter how much we prepare for disasters it never seems to be quite enough. Most people live from paycheck to paycheck and only make the minimum payments on their credit cards or loans. When disaster strikes, such as unforeseen unemployment, many find themselves [...]
7 Steps to a Fresh Start after Bankruptcy
by Administrator
30 Mar 2007 at 1:32pm
Get Your Credit Score At No Charge Bankruptcy is one option to consider in order giving yourself a ?fresh start,? when you have more debts than you have assets. There are in fact many types of bankruptcy provided under the law but the most common is Chapter 7 bankruptcy, which is also known as liquidation. When filing [...]
New Bankruptcy Law Makes it Harder to Stop Foreclosure
by Administrator
29 Mar 2007 at 2:24pm
Get Your Credit Score At No Charge On October 17, 2005 President Bush?s sweeping bankruptcy reform law goes into effect forever changing the rules of debt collection in this natiion. Consumer advocates and the public appear to be completely unaware of the total and complete victory of the creditors under the new legislation. This article opens [...]
What Homeowners Should Know to Stop Foreclosure- Speaking Your Lender?s Language
by Administrator
28 Mar 2007 at 11:06am
Get Your Credit Score At No Charge Financial literacy is the means of empowering consumers to make informed financial decisions through exposure to accurate and timely information. In no other area is the void of accurate information more evident that in the area of foreclosure. The national foreclosure rate is at the highest level since the [...]
Why Bankruptcy May Not Be Your Best Option
by Administrator
28 Mar 2007 at 2:43am
Get Your Credit Score At No Charge You are in a position of needing to consider bankruptcy based on your current financial situation. Hopefully you have learned some lessons along the way in getting to this point, like about how do strike deals, when to get statements in writing from partners or customers, how to plan [...]
Chapter 13 Bankruptcy - Stop Mortgage Foreclosure
by Administrator
27 Mar 2007 at 12:45am
Get Your Credit Score At No Charge Yes, you can save your home! Using the chapter 13 can strategically help you cure your mortgage default, protect your equity and eliminate your other debts to help you right the ship. Several years ago, we saw a boom in mortgage lenders offering low adjustable rate mortgages (ARMS) 100% [...]
Considerations Before Filing Bankruptcy
by Administrator
15 Nov 2006 at 7:47pm
Financial difficulties can occur in anyone?s life. When you think financial difficulties are more than you can handle, don?t let bankruptcy become your first thought. Bankruptcy should be considered as a last resort, not just the first thing that pops into your head when the going gets tough. Instead, consider these options. One of the first [...]
Can a Personal Bankruptcy Prevent You From Getting a Job?
by Administrator
13 Nov 2006 at 7:58pm
Personal bankruptcy? Kiss your dream job good bye… For quite some time, it’s been standard for financial, gaming and government employees to have their credit reports checked by their employers. After all, we don’t want criminals working in the government (insert your favorite joke here). But now, the “Credit Police” are infiltrating other industries as well. And what [...]
Paying Credit Cards More Important than Tithing
by Administrator
19 Sep 2006 at 5:05pm
The United States Bankruptcy Court for the Northern District of New York has recently held that those going though Chapter 13 bankruptcy must pay off their credit cards and other creditors before they tithe to their church or make other charitable donations. This wasn’t the case before the new bankuptcy law went into effect last year. [...]