examples of installment loans

Alterations in pay day loan market — more lending that is responsible less indebted

Alterations in pay day loan market — more lending that is responsible less indebted

Within the very first half-year of 2016, the quantity of pay day loans awarded in Lithuania reduced by two thirds 12 months on 12 months, whereas the total online installment loans Texas amount lent to customers halved. Credit lenders assessed customer solvency more responsibly. When it comes to very first time in history, credits overdue reduced in number.

‘Changes are obvious. Active guidance, stricter needs regarding the Law on Consumer Credits that arrived into force at the beginning of the and competition forced credit lenders to fundamentally change their approach and assess customer solvency more cautiously year. Continue reading

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