Payday Loans

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 …

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

The differences between microloans and payday loans

Microloans and payday loans are sometimes conflated, but very different types of financial products. Both are small loans to low-income individuals who typically have no credit score or access to traditional financial products. However, microloans are designed to help low income individuals start businesses, whereas payday loans are designed to give short term credit between …

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