A bank is a financial business, or company, that accepts bank deposits and lends money to individuals, businesses, and other lenders.

A No Teletrack payday loan is a loan whereby the lender does not use the tracking services provided by the company Teletrack. This means that there is very little follow up required before the applicant is approved.

A Charge-off is a financial industry term that means a loan is likely not going to be paid by the borrower and will likely become a tax write-off for the lending entity.

Predatory Lenders is a term to describe so-called banks, private lenders, or lending institutions that take part in shady lending. These predatory lenders take advantage of “low information” borrowers (which is actually the majority of borrowers) who don’t understand the contents of a loan agreement which has hidden clauses in it. These clauses set up [...]

Personal Inflation Rate (PIR) is calculated by lending institutions (banks) to assess a borrower’s risk level for loan default and payment delinquency. The lender looks at the borrower’s (maybe YOU) financial situation currently as far as financial responsibilities and overhead for living and compares that with your near-future financial situation and monthly payments.