Online loans

JPMorgan Chase To Offer Online Loans To Credit Card Customers

JPMorgan Chase is the latest bank to see the opportunity to offer new loan products to existing credit card customers. From the end of the year, eligible cardholders will have two new types of loans available to them. One, called My Chase Plan, is a loan with a fixed monthly fee instead of an annual […]

Online loans

Online loans worsen consumer debt, Fed study finds

Online lenders are framing themselves in virtuous terms, claiming that digital innovation has enabled underserved U.S. consumers to refinance expensive debt at lower interest rates, while improving their credit scores. But provocative new research from the Federal Reserve Bank of Cleveland casts doubt on this optimistic outlook. Indeed, the study reveals that borrowers who use […]

Online loans

Now you can get loans online in minutes, but at what cost? – Orange County Register

Jason Berry and Stuart Hecker are familiar with the promises – and the pitfalls – of online lending. In the summer of 2011, business partners were pushing back creditors and struggling to keep the doors open to their Anaheim-based auto repair chain. They asked Wells Fargo for a capital injection but were quickly shot. Desperate, […]

Online loans

Wincanton Lending Faces Online Loan Complaints

Nine people have filed complaints against Wincanton Lending and 835 people have asked the Better Business Bureau about the Atlantic Canada loan company, the BBB reported on Wednesday. The BBB said consumers said they paid money to insure the Wincanton Lending loans, but did not receive any money in return. The BBB is waiting to […]