Payday loan
A payday loan (also called a paycheck advance) is a small, short-term loan that is intended to cover a borrower's expenses until his or her next payday.
Larry King and 7th wife both file for divorce after claims he slept with her younger sister
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CNN's Larry King is splitting from his seventh wife, who says the 76-year-old cheated on her. The talk show anchor and his wife Shawn Southwick, 50, both filed for divorce Wednesday citing "irreconcilable differences." The marriage crumbled after Southwick accused King of having an affair with one of her close relatives, TMZ reported. In December, the National Enquirer reported King cheated on his wife with her younger sister Shannon Engemann, quoting an unnamed friend of Southwick's. The tabloid also said Southwick had an affair with her son's baseball coach in 2008 - a claim she denied. "It's a very...
Published on Sunday 5th of September 2010 01:36:25 PM
Florida Man Finds Frog in Pepsi Can
Posted by admin / Under Payday Loan
September 02, 2009 10:23 PM The tests show it's true, but the question remains: how did a frog - or a toad - get into a Florida man's soda can? Apparently a man from Ormond Beach opened the can of Pepsi, took a drink, and started gagging. His wife shook the can, until the remains of an amphibian came out. The FDA confirms the findings. A spokesman for Pepsi says the company is aware of the testing, but stands by its manufacturing process. The man is seeking legal advice to determine what to do next.
Published on Sunday 5th of September 2010 01:36:25 PM
Illegal Immigrant Child Molester Gets $4 million from County
Posted by admin / Under Payday Loan
Lawmakers have secretly approved awarding an illegal immigrant child molester more than $4 million because he was beaten by fellow inmates while in custody. Fernandez Ramirez, 24, is an illegal immigrant from Mexico who molested a 6-year-old girl in a park. The back door settlement, paid with tax dollers, gives the illegal alien's family $3.75 million and $900,000 will go to medical liens rendered while in custody. Orange County (CA) Board of Supervisors refused to comment on the settlement even though constituents have the right to know since it's their money.
Published on Sunday 5th of September 2010 01:36:25 PM
PAYDAY: GM's Rick Wagoner Drives Away with $20M Retirement
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Rick Wagoner will leave his post as CEO of bailed-out General Motors with a $20 million retirement package, the company's financial filings show. In this March 12, 2009 file picture, General Motors Chief Executive Officer Richard Wagoner listens... In this March 12, 2009 file picture, General Motors Chief Executive Officer Richard Wagoner listens as President Barack Obama, not pictured, speaks about the economy at Business Roundtable, an association of chief executive officers of leading U.S. companies, at a hotel in Washington. Although the Treasury Department has barred GM from paying severance to Wagoner or any other senior executive, Wagoner is...
Published on Sunday 5th of September 2010 01:36:25 PM
Cash America to close 43 payday loan shops in Ohio[Voters put cap at %28 on loans]
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Payday lender and pawn shop operator Cash America International Inc. said Wednesday it will to close about one-third of its Ohio lending locations in the next few months, after voters in the state chose to maintain new payday loan restrictions. Voters Tuesday approved a new payday lending law that cuts the annual percentage rate that lenders can charge to 28 percent and limits the number of loans customers can take out to four per year. It is among the strictest laws in the country. Its backers say cash advances are defective products that trap borrowers into a cycle of debt....
Published on Sunday 5th of September 2010 01:36:25 PM
Beyond Payday Loans (Note Authors)
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The American dream is founded on the belief that people who work hard and play by the rules will be able to earn a good living... But that dream is harder to achieve for millions of Americans because they spend too much of their hard-earned money on fees to cash their paychecks or pay off high-priced loans meant to carry them over until they get paid at work. Here is one initiative that can unite progressives and conservatives as well as business leaders and community activists: helping the "unbanked" enter the financial mainstream by opening checking and savings accounts, and...
Published on Sunday 5th of September 2010 01:36:25 PM
Payday Mayday
Posted by admin / Under Payday Loan
Representative Marian McClure calls payday lending an "ugly" business and intends to run payday loans out of business. Like the vast majority of Arizonans, I'm not a payday loan customer. But so long as payday loans are basically a commercial transaction between mutually willing parties, government's first reaction should be to leave them alone. A typical payday loan is short term and high risk. Someone with an urgent need for cash will borrow, say, $100 for two weeks and pay back $105. That's an annualized interest rate of about 130 percent, which is what policymakers find repugnant. But the transaction...
Published on Sunday 5th of September 2010 01:36:25 PM
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