Consumers and regulators keep asking, “is Western Sky Financial Legal?” Our answer is, probably not in most areas of the country. Of course, just like any other predatory loan company, it takes years of litigation before they are forced into compliance with state financial service and consumer protection laws. Continue reading →

Western Sky Financial is one of the most successful payday loan companies currently operating in the U.S. Their confusing loan fee and interest rate combination makes if difficult for most borrowers to know just how bad these loans really are. So exactly what interest rate does Western Sky Financial charge? Continue reading →

It’s pretty much a given; if you’re going to college, you’ll need some assistance in paying for it. There are plenty of grants, loans, and scholarships you can apply for when preparing for your higher education, which means there will also be plenty of paperwork to fill out. To fill out the paperwork for each loan, you might be wondering if you need a cosigner. Some lenders, especially those giving private student loans, will look at your credit score to determine how much you get. PLUS loans require your parent or guardian to cosign. If you’re trying to find a student loan that does not require a cosigner, there are two major ones: the Stafford Loan and the Perkins Loan. Continue reading →

For 90 years American General has been the name that is associated with consumer finance loans. While American General does more than just simple loans, that has become their specialty. Now with the sale of the unit by AIG to Fortress Investment Group, it is expected that more could change. Continue reading →

Consolidating your student loans makes repayment much simpler. Instead of looking at multiple accounts with different interest rates, you’re handling just one. The loan’s term might be lengthened, meaning you’ll be paying more interest in the long run. However, you may be eligible for a tax deduction after having paid a certain amount of interest on the loan, so this may be another positive of consolidation. Once you decide on consolidating your student loans, the question becomes how to do so. Continue reading →

If you like structure and you don’t have the entire amount of money to buy something, you might be interested in getting an installment loan. You might be able to handle an installment loan better than a payday loan because of a payment schedule that is set up when you get the loan. Continue reading →