In summary A new report has revealed a dramatic decrease in Californians’ reliance on payday loans as a direct result of government assistance linked to the pandemic, including unemployment benefits, rent relief, moratoriums on evictions, stimulus checks and loan forgiveness. But experts warn that payday loan usage is expected toRead More →

A payday loan is a high-cost, short-term loan for a small amount – typically $ 500 or less – that must be repaid with the borrower’s next paycheck. Payday loans only require an income and a bank account and are often granted to people who have bad or no credit.Read More →

HOME CREDIT Philippines saw an increase in in-store installment financing as more consumers purchased items due to work-from-home agreements and lifestyle changes resulting from the coronavirus pandemic. The company saw a year-on-year increase in lending in the first half to 10.6 billion pesos, Home Credit chief executive David Minol saidRead More →

With many malls nationwide experiencing a resurgence in foot traffic as lockdown measures and COVID numbers stabilize, there is also an increase in the demand for work from home (WFH), online schooling, home improvement and other “new normal” needs. With that comes an increase in demand for consumer finance, withRead More →