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Back to School

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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.

Back to School
Aug 05, 2021

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

Make Your Voice Heard This Fall in Washington
Aug 05, 2021

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
Read the rest

August Featured Business Partner | Flagstar Bank
Aug 02, 2021

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 financialRead the rest

RELEASE | Rate Caps Lead to Civil Rights Losses, Not Consumer Protection Victories
Jul 29, 2021

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

AFSA Testimony in Senate Hearing on Rate Caps
Jul 29, 2021

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% InterestRead the rest

Make Your Voice Heard This Fall in Washington
Jul 28, 2021

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

New Data: Why Consumers Struggle Paying Bills
Jul 27, 2021

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

Correcting Consumer Reports 
Jul 23, 2021

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 rateRead the rest

House Committee Explores Way to Expand Banking Services
Jul 23, 2021

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

House Votes to Expand FTC Enforcement Authorities
Jul 23, 2021

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

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