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Banks Want a Piece of the Payday-Loan Pie – WSJ – Financial firms, spurred by the Trump administration’s promises to deregulate, hope to return to offering short-term, high-interest loans after being pushed out of the sector by Obama-era rules.
KKR boosting investment in high-interest, short-term home loans – KKR & Co. (NYSE:KKR) boosts its investment in Toorak Capital Partners to a total of $250M, after initial investment of $75M in 2016; Toorak invests in small balance real estate loans in the U.S. and U.
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Interest rates are typically not as high as payday loans and your lender reports all on-time repayments to the three main credit bureaus. Contact your creditors. If you need a short-term loan to cover bills that you owe, get in touch with your creditors or loan servicer to ask for more time.
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