Basic requirements to qualify for a payday loan

Basic requirements to qualify for a payday loan

Payday loans, often referred to as cash advances, are short-term, low-balance, high-interest loans with exorbitant interest rates. They get their name because the money is usually borrowed on a post-dated check or account withdrawal authorization that takes effect on the borrower’s next payday. If the applicant has a job, these loans are supposed to be…

Why mortgage lending standards will ease in 2021

Why mortgage lending standards will ease in 2021

Economists and housing experts say mortgage lending standards are likely to ease in 2021, despite the increased risk of future defaults. Such a scenario illustrates the growing disparities in the US real estate market. As a struggling group of homeowners brace for the end of forbearance and weather economic shocks from COVID-19, another segment is…