Can the Pay Day Loan Be Reinvented? There has been some speculation that payday…

Can the Pay Day Loan Be Reinvented? There has been some speculation that payday…

There is some conjecture that payday financing is defined to truly have a year that is big. And with good reason.

As previously mentioned in US Banker’s “8 Nonbanks to view in 2013,” several tech startups are making short-term credit the only real focus of these enterprize model. The slideshow mentions ThinkFinance, an internet business that uses information gathered via social media marketing to drive straight down the fee of a short-term loan, and Wonga, a short-term lender based in the U.K. Continue reading