The end of summer is always a bit of a letdown for kids everywhere – no more long days at the pool with friends or summer camp. No more waking up late, regardless of the day of the week. No more beach. No more procrastinating on summer reading or start-of-school projects. It’s back to school … or depending on the pandemic’s effect … something approximating it. In the same vein – assuming kids are actually, you know, leaving the house for school – parent are probably looking forward to the end of summer.
But it’s important to recall that whether the kids will once again be “attending” classes virtually or in actual classrooms, many of the same financial stress points for a household remain. Parents may no longer be able to work from home, requiring help with childcare. The costs for new schoolbooks, backpacks, notebooks, binders, athletic gear, and perhaps new computer hardware or software may be on the shopping list. It all adds up.
Every parent wants their children to have the tools they need to succeed. For those who may have subprime credit or no credit, it may be a challenge to pull together the several hundred dollars required to get kids back to school necessities. That’s why, for more than a century, consumers have relied on traditional installment lenders to offer high-quality, affordable consumer credit.
Traditional installment loans are safe, with set monthly payments, have no balloon or hidden fees, and are reported to credit bureaus so that many customers can gain a credit score or rebuild it. As America gets back to work and back to school, AFSA’s members are ready to help.
The end of summer is always a bit of a letdown for kids everywhere – no more long days at the pool with friends or summer camp. No more waking up late, regardless of the day of the week. No more beach. No more procrastinating on summer reading or start-of-school… Read the rest
The 2021 AFSA Annual Meeting is bringing attendees to our nation’s capital to share how consumer credit is creating opportunities for our customers.
- Explore the evolving landscape of consumer credit – from global to local – and learn what
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August’s Featured Business Partner is Flagstar Bank. We asked them a few questions about the value of AFSA membership and some of the opportunities or challenges they face in 2021. Learn more at flagstar.com.
What are your financial… Read the rest
AFSA President: Rate Caps Lead to Civil Rights Losses, Not Consumer Protection Victories
WASHIINGTON, JULY 29, 2021 (View release in PDF) — Bill Himpler, President & CEO of the American Financial Services Association (AFSA) … Read the rest
On Thursday, July 29 2021, AFSA President & CEO Bill Himpler testified before the Senate Committee on Banking, Housing & Urban Affairs in a hearing entitled “Protecting Americans from Debt by Extending the Military’s 36% Interest… Read the rest
The 2021 AFSA Annual Meeting is bringing attendees to our nation’s capital to highlight how consumer credit is creating opportunities for our customers.
- Explore the evolving landscape of consumer credit – from global to local – and learn
…
Read the rest
Join us on August 5 at 2:00 p.m. ET for New Data: Why Consumers Struggle Paying Bills, presented by PayNearMe.
What makes paying bills so hard? While other payment experiences (such as ecommerce, P2P and subscriptions) are simplifying the … Read the rest
On July 22, Consumer Reports published an article focusing on the new anti-consumer, all-in rate cap that Illinois imposed on its consumers earlier this year.
The author reached out to AFSA, asking some common questions on rate… Read the rest
The House Financial Services Committee (FSC) held a hearing earlier this week entitled, “Banking the Unbanked: Exploring Private and Public Efforts to Expand Access to the Financial System,” to discuss trends in unbanked and underbanked… Read the rest
This week, the House of Representatives passed the “Consumer Protection and Recovery Act” (H.R.2668) to give the Federal Trade Commission (FTC) enhanced ability to bring enforcement actions against fraudsters and scammers and collect… Read the rest
