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 …
Debt consolidation rolls all your loans into a single, more manageable plan. Here’s what you need to know to see if consolidating your debts is a viable option. Are you being overwhelmed with financial burden on multiple loans? Do you wish you could just pay off all your loans in one go? For many Americans, …
Debt Consolidation: How to Consolidate Your Loans Read More »
Looking to learn the difference between payday loans and installment loans? We’ll break it down for you. When unexpected events come up, many Americans don’t have the cash to make ends meet. In fact, 58% of Americans have less than $1000 in their savings account. Throw in an unexpected life event – a hospital visit, …
Payday Loans vs Installment Loans: What’s the Difference? Read More »
Payday lenders make all sorts of threats, but can they actually take you to court? If you’re stuck in payday loan debt, you’ve probably gotten your fair share of threatening collection calls. And one of those threats is particularly scary. The threat of a lawsuit. Courtroom trials may look glamorous on TV, but that’s not …
If you’re stuck in payday debt and interested in payday loan consolidation programs, you’re on the right track. Payday loan consolidation programs or loans allow you to combine all your loans into a single, lower interest loan. However, you also need to watch out for payday loan consolidation scams. The payday industry is full of …
Payday Loan Consolidation Scams: How to Avoid Them Read More »
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, …
The Best Alabama Debt Consolidation Companies of 2020 Read More »
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 …
If I owe a payday loan, can I get another? Yes, but you probably shouldn’t Read More »
Student loan debt in 2020 is now $1.56 trillion in the United States, with borrowers on average owing $37,172 in debt. Graduates of the most recent class of students leave college with $29,200 in student loans. Student loan debt is the second largest class of consumer debt, behind mortgage debt. For millions of Americans, higher …
Student Loan Debt Statistics – Updated July 2020 Read More »
