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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 […]

Should you borrow from a money lender? ...

Enter Wall Street with StreetInsider Premium. Claim your one week free trial here. London, UK, February 11, 2022 McapMediaWire Loan sharks have no positive reputation among people and are always linked to serious crimes. In this line, crimes that occurred under unknown circumstances have moneylenders or loan sharks on their lists of people to investigate. […]

House passes bill to lower NM loan inter...

Rep. Susan Herrera, D-Embudo, left, speaks with Rep. Wonda Johnson, D-Church Rock, upstairs at the Roundhouse on Monday. Herrera is sponsoring a bill to lower the interest rate cap on small loans. (Eddie Moore/Albuquerque Journal) SANTA FE — The State House passed legislation late Monday that would cap the interest rate on small loans in […]

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 […]

What is a hard money lender and how does...

Image source: https://pixabay.com/illustrations/mortgage-house-cash-business-buy-4137485/ If you are a real estate investor, you already know how urgent some opportunities can be. Conventional loans may not be ideal for such situations due to their lengthy and rigorous approval procedures. For most real estate entrepreneurs, hard money loans are a lifeline in such cases. If you are new to […]

Credit regulator withdraws action agains...

The National Credit Regulator withdrew its request to revoke Moneyline Financial Services’ registration as a money lender. Mountain was found to recklessly extend credit to consumers, most of whom were recipients of social subsidies. The company is a subsidiary of Net1. Net1 was the owner of the company which had been hired by the South […]

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 […]

Moneylender Provident will stop offering...

Moneylender Provident Financial has decided to close its home loan division, as the Covid pandemic hit its recovery efforts. Provident is one of the largest lenders in the Irish market. The British firm, a subprime lender since its inception in 1880, said it planned to put the managed business into liquidation or consider a sale […]

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 […]

The SA money lender now accepts NFTs as ...

Lamna Financial co-founder Charles Meyerowitz. South Africa based asset backed lender Lamna Financial claims to be one of the first financial services companies in the world and the first in Africa to offer loan advances against non-fungible tokens (NFTs). The registered credit provider offers short-term asset-backed loans for high net worth individuals. The company offers […]

Wellington money lender accused of ‘hara

Superloans hung posters outside their store of a woman who wrote on their window, saying “Wow! Te Aro taggers are old as hell !!” Photo / Supplied / Sam Pavan A man from Wellington said the owner of a high-cost loaner store tried to intimidate him after he emailed complaining about the conduct of the […]

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 […]