Payday Loan Stocks List

Recent Signals

Date Stock Signal Type
2021-04-12 EZPW Spinning Top Other
2021-04-12 EZPW MACD Bullish Signal Line Cross Bullish
2021-04-12 FCFS 20 DMA Support Bullish
2021-04-12 FCFS Bollinger Band Squeeze Range Contraction
2021-04-12 FCFS Cup with Handle Other
2021-04-12 FCFS Pocket Pivot Bullish Swing Setup
2021-04-12 WRLD 20 DMA Resistance Bearish
2021-04-12 WRLD 50 DMA Resistance Bearish
2021-04-12 WRLD Bollinger Band Squeeze Range Contraction

Recent News for Payday Loan Stocks

Date Stock Title
Related Industries: Credit Services

A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a small, short-term unsecured loan, "regardless of whether repayment of loans is linked to a borrower's payday." The loans are also sometimes referred to as "cash advances," though that term can also refer to cash provided against a prearranged line of credit such as a credit card. Payday advance loans rely on the consumer having previous payroll and employment records. Legislation regarding payday loans varies widely between different countries, and in federal systems, between different states or provinces.
To prevent usury (unreasonable and excessive rates of interest), some jurisdictions limit the annual percentage rate (APR) that any lender, including payday lenders, can charge. Some jurisdictions outlaw payday lending entirely, and some have very few restrictions on payday lenders. In the United States, the rates of these loans used to be restricted in most states by the Uniform Small Loan Laws (USLL), with 36–40% APR generally the norm.
There are many different ways to calculate annual percentage rate of a loan. Depending on which method is used, the rate calculated may differ dramatically; e.g., for a $15 charge on a $100 14-day payday loan, it could be (from the borrower's perspective) anywhere from 391% to 3,733%.Although some have noted that these loans appear to carry substantial risk to the lender, it has been shown that these loans carry no more long term risk for the lender than other forms of credit. These studies seem to be confirmed by the United States Securities and Exchange Commission filings of at least one lender, who notes a charge-off rate of 3.2%.

More about Payday Loan
Browse All Tags