Google Payday Loan is a set of algorithm updates and data refreshes for the Google search engine initiated to help identify and penalize web sites that utilize search engine spam techniques (also known as spamdexing or Black Hat SEO ) to improve their rankings for specific search queries that are considered "spammy" in nature. From 1997-2001, North Carolina exempted payday loan operations from restrictions in the state's usury laws. That exemption ended by bipartisan agreement in 2001. The North Carolina Commissioner of Banks and the Attorney General eliminated the last of the payday storefront operations, and the state hasn't had any brick-and-mortar loan shops since 2006. But that doesn't mean traditional lending institutions haven't tried to peddle short-term, high-interest products through loopholes.Depending upon the loan purpose, some small business borrowers chose a shorter-term loan to minimize the total dollar cost of the loan. According to a survey commissioned by the Electronic Transactions Association, 57 percent of small businesses would choose a shorter-term loan in order to minimize the total fees and expenses when presented with a short-term investment opportunity. Because APR does not represent the total dollar cost of a loan, this was true even if the shorter-term loan included a higher APR than the longer-term option.
No comments:
Post a Comment