Parental Recession: Cutting Back on Day Care Nov 8, 2008
Financial strains prompt one mother to pay with a postdated check. Another chooses to work in the middle of the nightafter putting her kids to bedbecause of the extra dollar per hour that shift brings. (Time.com)
Beware of payday and other dangerous loans Jun 30, 2008
When the loan is due, the lender submits your postdated check to your bank for payment in full. If you do not have the necessary amount in the bank, your check will bounce, incurring a fee from your bank, typically, $35, and a fee from the payday lender, typically $35-$50. (Petersburg Progress Index, VA)
Payday lenders look to voters May 24, 2008
The borrower writes a postdated check, which includes the loan principal and fee, and exchanges it for cash. Typically, at the end of two weeks, or after a payday, the lender cashes the check or the borrower repays the debt with cash. (AZCentral -- News)
Title loans fly under radar in predatory-lending debate Mar 3, 2008
Payday loans require a personal, postdated check as collateral for a loan. Car-title lenders require the title to your car, which they put a lien on, and a copy of the keys in case they end up repossessing it. (Helena Independent Record, MT)
A look at car title lenders vs. payday lenders Mar 3, 2008
Payday loans require a personal, postdated check as collateral for a loan. Car title lenders require the title to your car, which they put a lien on, and a copy of the keys in case they end up repossessing it. (Concord Monitor)
Consider alternatives to a payday loan Feb 29, 2008
Payday loans are also called check loans, postdated check loans or payroll advance loans. To take out a payday loan, you fill out an application and provide a paycheck stub and photo ID, sign the loan agreement, write out a postdated check to the lender and get cash back minus the fees for the loan ... If the money isn t in your checking account when the loan comes due, you can refinance the loan for additional fees by writing another postdated check. (Chippewa Falls Chippewa Herald, WI)
Fund Firm Names Hsu in Suit Sep 20, 2007
It would get a postdated check for its investment, plus a guaranteed profit that typically exceeded 20. Source Financing and Components entered into 247 deals from April 2005 to August 2007, the suit says. (Wall Street Journal)
Banking on payday loans Jul 21, 2007
Borrowers can either give lenders a postdated check for the total amount plus interest or provide access to their bank account to have funds electronically withdrawn. If the full balance cannot be paid on time, borrowers pay a finance charge and the loan is continued until their next pay cycle. (Austin Business Journal, TX)
People with shaky credit get suckered by risky loans Apr 30, 2007
With a payday loan, you write a postdated check against your next pay period and walk away with cash. The fees are stiffHarris usually pays $50 for a $250 loan. (MSNBC -- Business)
Payday lenders want piece of pie Mar 18, 2007
BRINGING BACK PAYDAY LOANS Proposal: House Bill 163 How it would work: Borrower writes postdated check for loan amount plus fee ... The recruiter left with $100, leaving behind a postdated check for $120 to cover the loan amount, plus the $20 fee. (Atlanta Journal-Constitution)
State, payday lender reach agreement Mar 14, 2007
Payday loans are short-term loans or cash advances, which are secured with a postdated check for the full loan amount plus interest and fees. These loans typically have triple-digit interest rates and are illegal in West Virginia. (Charleston Gazette, WV -- News)
Laskowski's confession determined admissible Feb 27, 2007
Items removed from evidence include two clothing belts, a roll of undeveloped film, a postdated check for $1,000 and a VCR.. Inside the VCR, police discovered two suicide notes, which will be entered into evidence. (The Hawk Eye)
