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Author Archives: Kevin Devaney

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A New (Old) Way to Break the Cycle of Debt

Kevin Devaney, Founder and CEO of Divvy You see a lot over the course of a career in finance. There’s the good stuff: people realizing their dreams to buy a new car, buy a house, send their kids to college, and enjoy a fulfilling retirement. And then there’s the bad stuff: lenders taking advantage of people who need quick access to money, people taking on more debt than they can afford with credit cards or payday loans, and companies whose sole purpose seems to be to profit off of people who find themselves in financial trouble. When 10 to 12 million Americans a year take out payday loans, with some people paying 400% in interest rates, it’s no wonder people … Read More