A Retrospect on Cash for Clunkers Program

Aug 09, 2010 Matt Roesly

Cash for Clunkers took more than 700,000 used cars out of circulation offering up to $4,500 for a clunker, and this federal program gave consumers an incentive to turn in their old cars and trucks to buy more fuel-efficient new models. But

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What is a Debit Card Advance?

Aug 06, 2010 Matt Roesly

Some folks in the banking industry have criticized payday loans calling them predatory and their interest rates excessive.  Other experts believe that they are critical for "underbanked" consumers that need money fast for emergency purchases

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Payday Loan Companies Continue To Grow Through Pawn Shop Expansion

Aug 05, 2010 Matt Vitko

Cash America International announced Monday that it agreed to buy a 39-store pawn shop chain that operates in Washington state and Arizona.  The $70 million cash and stock acquisition of Maxit Financial will bring to more than 1,100 the

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Online Payday Lending - What is the Difference

Aug 04, 2010 Matt Vitko

These days, the Internet makes nearly everything faster, easier, and more convenient including your payday loan. Getting a short term loan has even become more convenient with the growing number of online payday loan sites. And with current

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The Underbanked Market

Jul 19, 2010 Matt Vitko

A couple of weeks ago I reviewed definitions of the terms "underserved", "underbanked" and the "unbanked".   Today I'd like to look at the "underbanked" consumer more closely.  The Center for Financial Services Innovation (CFSI)

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