Credit Summit

Credit Summit is a website about getting out of debt. We write plain-English posts for ordinary individuals struggling to get out of debt and gain access to credit.

What are payday loans? The definitive guide to payday lending

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 …

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The Best Alabama Debt Consolidation Companies of 2020

Many Alabamians wrestle with credit card, auto, medical, payday and other debt types. Even though The Yellowhammer State has a reasonably strong economy with 2.7% GDP growth, and a historically low unemployment rate of 3.5%, 18.90% of residents live below the poverty line. Many have debt struggles. The average Alabamian has $1,787 in personal debt, …

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If I owe a payday loan, can I get another? Yes, but you probably shouldn’t

A common question anybody struggling with payday debt has asked is ‘Can I get another payday loan if I already have one?’.  The short answer is that yes, you usually can get another payday loan.  However, it will likely not be from the same lender, and will be on worse terms. Instead of getting another …

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