Contending with the process of a bankruptcy is an unfortunate but common financial issue for many people. And while bankruptcy cases have decreased in recent years, the official U.S. Courts website states over 540,000 cases were filed in 2020. 1 The website defines bankruptcy as a process of “dealing with debt problems of individuals and …
Types of Bankruptcies Explained: Which (If Any) Fits You? Read More »
Bad credit – not the type of situation anyone would want to find themselves in, but it happens more often than you think. According to a 2020 Consumer Credit Review by Experian, it turns out that while only 1.2% of Americans have a perfect credit score of 850, 16% have “very poor” credit, and 18% …
For many consumers, a short-term cash advance loan may seem like the answer to their financial struggles. But with high interest rates and predatory practices, lenders like Cash Advance Now should be considered with great caution. What is Cash Advance Now? Established in 2012, Cash Advance Now is a tribal lender owned and operated by …
Payday loans are short-term emergency loans people take to cover urgent cash needs until their next paycheck. A typical payday loan averaged $375 in 2020. For a comparatively small amount people need to repay within a couple of weeks, payday lenders may charge an interest of up to $75. In desperate situations, a payday loan …
Payday Loan Qualifications: What You Need to Get a Payday Loan Read More »
Debt collection is legal in some circumstances. If you owe money to a lender, the lender may hire a debt collector to attempt collection. You may not know whether debt collectors are legitimate or attempting to defraud you when they contact you. If you are contacted by a payday loan debt collector, the information below …
An unexpected bill has come up and you need money right now. A quick internet search turns up Mountain Summit Financial, which promises short-term loans of up to $1,500. Before you apply for a loan from it, get the full story on Mountain Summit Financial. What is Mountain Summit Financial? Mountain Summit Financial isn’t technically …
Mountain Summit Financial Review: Read Before You Borrow Read More »
If paying back your student loans feels like a burden you’ll never escape from, don’t stress – there are options to simplify the process. Refinancing or consolidating your loans may be a strategic move if you’re looking to lower your interest rate, shorten (or lengthen) your payment term, or streamline all of your payments into …
6 Best Student Loan Refinancing / Consolidation Lenders Read More »
Although taking out a payday loan may seem like a quick solution to a temporary shortfall of cash, in the majority of cases, it actually sends borrowers deeper into debt. In fact, the Consumer Financial Protection Bureau (CFPB) issued a report showing that in a 14-day period, 80% of borrows end up having to rollover …
Can you go to jail for not paying a payday loan? Read More »
Are you looking for a fast cash solution for your sudden financial emergencies? Is your current credit score preventing you from acquiring a good low interest loan? Have you been thinking about applying for a payday loan? Think again. Payday loans are indeed a fast solution for small financial emergencies. However, these cash advances are …
What are payday loans? The definitive guide to payday lending Read More »
Have you been thinking about securing a payday loan in these very trying times? Are you wondering why a lot of people get easily stuck in the so-called “payday loan debt trap”? Well, good thing you’re in the right place. In this guide, we’ll be talking about what a payday loan really is, what are …
