Online loans

Lump-sum payments are making a comeback in the automotive industry

For all lump-sum payments caused by the 2008 mortgage crash, used properly, such loan terms may be a viable option for lowering monthly payments, especially on expensive cars. An example of the resurgence of lump sum payments in the automotive industry comes from Toyota Financial Services Philippines (TFSPH), which is …

Read More »

Survey: 69% of people with federal student loans can’t afford payments when forbearance ends

More than two-thirds of U.S. adults with federal student loans say they need to take extra steps to pay their student loan repayments when payments resume in February, according to a new survey from Bankrate and BestColleges. Federal borrowers have not had to make a student loan payment since March …

Read More »

Microsoft Edge integrating buy now, pay later is predatory and disappointing

Source: Daniel Rubino / Windows Central Microsoft recently began testing a buy now, pay later (BNPL) integration in its Edge browser. The feature, which is powered by Zip, allows online shoppers to split their purchases into four installments over a six-week period. This has drawn backlash across the web, including …

Read More »

Who is Damian Malander?

Damian Malander, founder of Lifestyle Direct Group, which is accused of massive consumer fraud, is apparently back in business, former associates have warned. Maverick company was alerted to a new entity created by Malander and managed by a partner / employee, which operates from the same Cape Town premises as …

Read More »

BSP maintains a cap on credit card fees

The Bangko Sentral ng Pilipinas (BSP) will maintain its caps on credit card charges in response to a low interest rate environment. “The Monetary Council’s decision is based on an overall assessment taking into account developments in the macroeconomics, the state of credit card financing as well as the safety …

Read More »

What is Buy Now, Pay Later and how does it work?

The Buy Now, Pay Later programs allow you to purchase items without paying for them all at once. When shopping online, you can usually get approved for BNPL within seconds at checkout. However, don’t let BNPL trick you into spending money that you don’t really have. Learn more about Personal …

Read More »

ANZ suspends low deposit home loans

ANZ Bank has put pressure on low deposit loans to homeowners wishing to buy existing homes as it prepares to comply with the Reserve Bank’s stricter lending rules. The country’s largest lender today said it was “temporarily” suspending such loans after loan-to-value ratios (LVRs) were tightened in early November, imposing …

Read More »