Being a Responsible Lender…

At PiggyBank, we pride ourselves on being a responsible lender. With a fair amount of negativity in the current press regarding payday loans, we are writing this entry to show that there are positives to payday loans, as long as they are used in the right way. At the very beginning of the application process, prior to being approved for a loan, we conduct a fair amount of checks on each...

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Responsible lending is important

Responsible lending of long and short term loans is important for both lenders and borrowers for varying reasons, and both have different responsibilities. Responsibilities of lenders Lender responsibilities extend from adhering to financial regulations to providing quality loan products and services with exceptional customer service to credit-worthy borrowers. Borrowers require support...

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Why guarantor loans are the new big thing

There are a range of perspectives as to why guarantor loans have gained in popularity. Some may say that it is down to a weakening economy, a time of recession, and the need for banks to compete for borrower confidence. The needs driving the guarantor loans trend are basically two-fold: Lenders are required to deliver responsible long and short term lending practices, including loan...

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Payday lending, the facts

People struggling to pay bills before payday often turn to short term lenders to meet their financial responsibilities. Doing so allows these individuals to pay their bills on time so that they do not default on payments before their wages or salaries are actually received. Short term loans can bridge the gap for meeting financial obligations, while waiting for monies to be received. When...

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Tips on finding a responsible loan company

Finding a responsible lender can take a fair amount of effort on the part of a potential borrower.  However, it’s important to take the time to carry out this process in order to find the best value, borrower support, and flexibility throughout the loan duration.  Responsible lenders help individuals achieve their borrowing goals, whether for long or short term loans. Finding a...

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