Millions of people take out payday loans in hopes the money will help them with an emergency financial situation. But these short-term, high-interest loans often cause more harm than good. Rather than getting people out of financial trouble, they end up trapping them in more debt they can’t escape. Fortunately, there are several effective ways …
Payday Loan Relief Reviews: Escape the Debt Trap Read More »
Payday loans seem like a fast, easy solution to sudden or unexpected financial emergencies. That’s why 12 million Americans take out at least one payday loan every year to help cover their bills between paychecks. On the surface, these loans seem like a great way of getting through financial hardship. But with astronomical interest rates …
What Are Payday Loans + 11 Most Popular Payday Lenders Read More »
Your paycheck is a week away, but you need money — now. A payday loan sounds like a quick solution to an urgent crisis. That’s how the payday loan trap begins. Your next paycheck is shrunk by the loan amount plus interest. You run out of money again before payday. You borrow again. Soon you …
Payday Loan Organizations: Help for Victims of Payday Lenders Read More »
Suddenly laid off, hit with a significant household expense, short on rent, or saddled with a medical emergency, and don’t have enough cash to cover the costs? We’ve all felt that panic and desperation. Some people are lucky to have access to many different loan options to bridge this gap; others don’t have to turn …
Payday loans are short-term emergency loans people take to cover urgent cash needs until their next paycheck. In 2020, a typical payday loan averaged $375. For a relatively small amount borrowers need to repay from their next paycheck, payday lenders may charge interest of up to $75. In desperate situations, a payday loan might seem …
Payday Loan Qualifications: What You Need to Get a Payday Loan Read More »
Debt collection is perfectly legal in many circumstances. If you owe money to a lender, the lender may hire a debt collector to try to collect it. Unfortunately, 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 …
Surprisingly, yes. It turns out unemployed people can indeed apply and qualify for payday loans. But despite this, it’s not all good news. Payday loans comes with a huge caveat — one that couldultimately prove to be your biggest financial undoing. The most important question to ask yourself, though, before you take out a payday …
Though the specific percentage depends on what source you prefer, all the statistics indicate that a sizable number of Americans live paycheck to paycheck. Unfortunately, living without an emergency fund is a recipe for disaster. Without a few months of expenses in the bank, people have no choice but to turn to debt when surprises …
Fox Hills Cash Review: Read This Before You Borrow Read More »
In 2020, a study showed that your odds of having a $2,000 emergency in any given month is approximately 31.8%. For those who have a cash cushion to fall back on, that’s not so big a deal. For anyone without the savings to cover it, though, short-term loans become tempting really quickly. If you’re struggling …
Golden Valley Lending Review: Read This Before You Borrow Read More »
Payday lending has been a problem in this country for decades, almost since its very beginning. Since each state has the right to regulate the industry within its borders, it’s nearly impossible for the country to come to a consensus on the best plan of action. The lenders haven’t waited for legislators to decide their …
Silver Cloud Financial Review: Read This Before You Borrow Read More »
