Online loans

The role of government in protecting citizens from illegal online lending

The community has recently become aware of the practice of illegal online lending. Some people mistakenly thought that online loans from financial technology (fintech) companies could help solve their financial problems. However, on the contrary, the illegal practice of online lending actually harms the company by insulting and threatening it. These individuals behind the practice […]

Loan payment

Wisconsin officials warn of student loan payment scams

MADISON, Wis. (WMTV) – Student loan borrowers should be wary of a number of scams that could arise as the federal student loan payment hiatus ends, the Department of Agriculture, Commerce and the Department of Agriculture, Commerce and Industry warns. of Consumer Protection. The DATCP noted Monday that the latest extension of the federal student […]

Loan payment

Wisconsin officials warn of student loan payment scams

MADISON, Wis. (WMTV) – Student loan borrowers should be wary of a number of scams that could arise as the federal student loan payment hiatus ends, the Department of Agriculture, Commerce and the Department of Agriculture, Commerce and Industry warns. of Consumer Protection. The DATCP noted Monday that the latest extension of the federal student […]

Business loan

What Do Lenders Look For When Evaluating Business Loan Applicants?

Nowadays, there is no shortage of applicants for business loans. Not only are there a lot of need within the business community, but with rates so low, it’s a good time to borrow. The question is, what do commercial lenders look at when they assess an application? How to think like a lender When you […]

Online loans

Government to revoke licenses for co-ops operating illegal online lending

Jakarta (ANTARA) – The Ministry of Co-operatives and Small and Medium Enterprises has decided to give a boost to savings and credit co-operatives that operate illegal online lending programs by revoking their authorizations. “Regarding the legality of business entities, we will coordinate with the Ministry of Law and Human Rights to revoke their business licenses, […]

Loan payment

The student loan payment hiatus did not help most of the 7.7 million borrowers who were behind on federal bills at the start of the pandemic. 93% of them still are.

University diploma.Rattanakun Thonbun / EyeEm New ed. Department data revealed that 93% of federal student loan borrowers are still in default, even after the payment break. Administrative obstacles made it difficult for these borrowers to return to good standing during the pandemic. The department would consider a “safety net” to facilitate repayment of borrowers. New […]

Business loan

How to qualify for a small business loan in 5 steps

Obtain a small business loan can be a time consuming process. By knowing in advance if you meet a lender’s qualifications, you can avoid potential frustration. Here are five steps to help you qualify for a small business loan. See your loan options with Fundera by NerdWallet 1. Establish personal and professional credit scores Personal […]

Online loans

Online Loans Market Size, Growth (2021-2028)

New Jersey, United States, – A new informative report titled “2021 Online Loans Market Size by Key Players, Types, Applications, Forecast to 2028 » was recently published by Verified Market Research® in its massive database that helps shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business […]

Online loans

Do not be tempted by online loans: Baznas

Do not be easily tempted by (online) loans on the web. (Getting) loans is easy, but repaying them is difficult Jakarta (ANTARA) – National Agency Amil Zakat (Baznas) has urged people not to be easily swayed by online loan applications which will make the problem even worse, given their high interest rates. “Don’t be tempted […]

Online loans

OJK responds to MUI edict banning online lending containing riba

TEMPO.CO, Jakarta – Financial Services Authority (OJK) spokesperson Sekar Putih Djarot responded to the Indonesian Council of Ulemas (MUI) edict or fatwa which states that online or offline loans bear interest or are known as riba is haram or illegal under Islamic law. According to Sekar, the Indonesian financial system still adheres to a dual […]