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North Korean money lender sentenced to e...

An undated photo of Hyesan in Yanggang Province on the border between North Korea and China. (NK daily) A loan shark in Yanggang province was recently taken to court after allegedly forcing a couple’s husband to live with her until their debt was repaid. “While exploiting people’s economic difficulties during the COVID-19 pandemic by lending […]

Is San Antonio FloatMe a Safer Alternati...

FloatMe, a San Antonio tech startup that gives workers cash advances on their next paycheck, said it has increased $16.2 million from investors during its last fundraising. Overall, the startup has raised $49.1 million in funding since June 2019, including $25 million in debt funding, according to Crunchbase, which tracks investments in tech companies. FloatMe’s […]

Your money: are you taking out a loan fr...

However, before you start talking to a hard money lender, you should understand the pros and cons of taking out a loan. Investors are constantly looking for financial solutions to develop their property. Borrowing money from a hard money lender is a popular option for those who are struggling to secure finance to develop real […]

New rule asks if borrowers can afford pa...

Lenders offering payday loans and other small advances to cash-strapped consumers must first determine whether borrowers can afford to repay the debt under a long-awaited federal rule finalized Thursday. The rule, passed by the Consumer Financial Protection Bureau, would also reduce repeated attempts by lenders to debit payments from borrowers’ bank accounts, a practice that […]

Taking inspiration from fintechs, banks ...

A small number of banks have started to offer advance direct deposit – a move that will cost them revenue in the short term but could help them preserve market share and boost their public image in the long term. This service, sometimes called prepayment, allows customers to access their paycheck a day or two […]

Former door-to-door money lender ‘surpri

Steve barras Provident, which recently withdrew from the market, said it would direct those affected by the closure of their mortgage division to their local credit union. Steve Barras, Business Development Manager for Just Credit Union, said: “While Provident was a controversial high-cost lender, we welcome their gesture in recommending credit unions as an alternative […]

What is a hard money lender? It’s not a

What is a hard money lender? The term real estate can conjure visions of crooked-nosed guys cutting off a borrower’s little finger for collapsing on a hard money loan. But you can rest assured that, despite the nickname “hard money”, these professionals are not thugs. In fact, these lenders have a legitimate niche in the […]