News & Insights

Local California government files for bankruptcy

Like consumers, local governments sometimes go to lenders to borrow money to pay for unforeseen expenses. Though consumers usually approach short term lending companies, authorities usually obtain government loans that can help fund infrastructure

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Iowa enforces debt collections from citizens' gambling winnings

Iowa residents who win jackpots of $1,200 or more in the state's casinos and racetracks are subject to database searches to determine if they owe the government money.The Associated Press reports that a 2011 change in the state's law

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Process servers sued for non-delivery

To inform individuals who have missed payments that they are being sued, debt collection agencies and their attorneys often rely on a third party process server. These workers are usually charged with serving debtors official papers letting

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Pawn industry remained profitable during recession

When individuals need fast cash and have valuable belongings, they often consider pawn shops as a valid form of short term lending. Depending on the quality of the good, a borrower can receive a large cash loan by putting up collateral. These

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Delaware considers short term loan reform

Short term loans can sometimes provide a valid option for people in need of a short term lending option. It can offer an individual fast cash in exchange for their next paycheck to cover emergencies and other unforeseen expenses. While many believe

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1.5 million credit accounts hacked

Initial reports in late March indicated that approximately 10 million credit card numbers and other personal information from Visa and MasterCard were compromised after a Global Security database was hacked. However, Global Security recently

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