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 the terms will be even worse than your original loan. …

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U.S. Credit Card Debt Statistics & Data – Updated 2020

Since the Diner’s Club card first became available in 1950, Americans have been enamored by the concept of the credit card. Additional creditors like American Express followed suit soon after, kickstarting America’s love affair with credit. While credit cards are convenient and provide consumers with additional purchasing power, it’s easy for your financial situation to …

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US Bankruptcy Statistics & Data – Updated 2021

If you’re dealing with financial struggles that have you considering bankruptcy, it’s common to feel like you’re alone in the world. But, hundreds of thousands of Americans declare bankruptcy each year. While many people tend to look at bankruptcy as the result of reckless spending and poor financial management, bankruptcy statistics show that most filings …

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Microfinance, Microlending and Microcredit Statistics – Updated 2020

While it’s a relatively new financial concept, the concept of microfinance is incredibly powerful. Microloans and other forms of microfinance may have the power to reduce global poverty while providing much-needed financial services to a sector of people that are most commonly underserved by traditional financial products. Not to be confused with predatory payday loans, …

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Can Payday Loans Be Consolidated? Read More to Find Out.

From payday loans to credit card debt, most Americans owe money in one form or another. In 2020, U.S. consumer debt hit $14.88 trillion, according to an Experian consumer debt study. Juggling multiple high-interest payments can leave many borrowers struggling to stay afloat. And payday loans are dangerous, short-term loans that can haunt borrowers for an extended period of …

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About Tribal Loans + 8 Tribal Lenders to Avoid

Payday loans help to bridge the gap between struggling Americans and the timing of their next paycheck. But due to sky-high fees and soaring interest rates, traditional payday loans have been outlawed in many states.  But that doesn’t seem to have pared back the number of lenders preying on those who need an emergency infusion of cash. Enter …

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