MN Atty General Sues Payday Lenders Valley News Live
From the MN Attorney General:
Minnesota Attorney General Lori Swanson today filed separate lawsuits against five Internet lenders that made loans to cash-strapped Minnesota borrowers that were marketed as providing "cash between paydays," but that contained unlawfully high annual interest rates of up to 782% percent and that were often illegally extended from paycheck to paycheck, trapping the borrower in a cycle of expensive debt. The Attorney General warned Minnesotans against taking out loans over the Internet from unlicensed lenders, citing a growing list of complaints to her office from consumers who have done business with such companies.
"Many people are living paycheck to paycheck right now, and unlicensed Internet lenders offer easy credit. This credit comes with a hefty price tag and often leaves a rash of problems in its wake," said Attorney General Swanson.
The Internet payday loan industry is estimated to have a total loan volume of $10.8 billion in 2010. Attorney General Swanson said that, in recent months, consumers who have taken out or even just explored the option of short term loans from unlicensed Internet companies have experienced the following types of problems:
Car Loan | Renault Invests $400 Mln In Car Loan Bank
Renault Credit International bank will invest around $400 million to open a Moscow based-unit to provide services all over Russia in September 2012, RCI Banque Eurasia region director Bruno Kintzinger said on Friday.RCI, operating in 27 countries, provides car loans and brings in about 700 million euros total revenue, Kintzinger told reporters at the opening of AAA Motors, the largest Renault .. more …
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Auto Loan refinance to extend loan.?
In October 2006 I started paying on my truck loan, $41,142.72 @ 6.79% for 48 months($744.72 per month payment). 9 Months later I have $25,997.37 and 39 months left on my loan. I would really like to extend my loan 12 more months to make my payment smaller so I could put that extra cash towards a house payment. Would a loan officer even take me serious if I wanted something like $26,000 loan @ 5.75% for 51 months so my payments are around $575 or so?? My credit score is around 774-779 and I live in Minnesota if that helps. Also, are there any fees or extra cost with refinancing an auto loan or anything like that I should watch out for?? Thanks!
I don't own a home yet. I will be starting a mortgage on one in the next 3-4 months.
Just call you auto loan company and ask them to refianance the loan for you to give you smaller payments.
Good Luck!
http://www.webloaners.com/
http://www.loanchamber.com/ Source(s) http://www.eloanwizard.com/
auto loan minnesota refinance - News
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US CREDIT-Bond repayments loom for Nova, Chemtura - Reuters India US CREDIT-Bond repayments loom for Nova, Chemtura Chemtura said in a quarterly earnings statement in November that it intends to refinance the notes with "the issuance of new long-term financing or proceeds |