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. 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 …
Surprisingly, yes. It turns out unemployed people can indeed apply and qualify for payday loans. But, get this – it’s not all good news. Such a loan comes with a huge caveat – one that couldultimately prove to be your biggest financial undoing. This article provides insights into the whole thing – how payday loans …
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%.[1] 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 »
The short-term, high-interest loan industry is alive and well in America, despite the ongoing efforts to get it under control. America’s state governments have the power to regulate lenders within their borders, but some of them don’t play by the rules. As they transition out of storefronts and onto the internet, it’s becoming even harder …
Blue Trust Loans Review: Read This Before You Borrow Read More »
An often-cited survey by the Federal Reserve in 2017 showed that up to 40% of Americans would be unable to cover an unexpected $400 expense.[1] Whether that’s due to a lack of self-discipline or factors outside of their control, it often leads people to resort to short-term loans like the ones Inbox Loan provides. Before …
