The impact of the coronavirus pandemic is being felt across the country. Whole cities are locked down. The economy is contracting. Millions of Americans are furloughed or have lost their jobs. What effect has all this had on people’s finances? A recent survey confirms what we intuitively know. People are spending far more than they… Read More »
COVID-19 Could Push You Towards Payday Loans — Here’s Why You Should Resist
If You Owe a Payday Loan, Can You Get Another
The chances of getting a second payday loan before paying off the first one is very low. Lenders can see that you already have a loan and will not approve you for another. There are some payday lenders that will extend a second loan, but you don’t have to dig too deep to realize why… Read More »
What Happens if You Don’t Pay Back a Payday Loan
If you took out a payday loan, it was probably because you needed a quick influx of cash, perhaps to pay a bill or take care of a repair. The loan was fast and easy to get, and immediately solved a problem. The problem with payday loans is that it only takes one missed payment… Read More »
Will Payday Lenders Take You to Court?
Called by many names, payday loans, deferred deposit loans or check advance loans are short-term, high-interest loans that are usually for $500 or less and are appealing to those who need a quick fix until the next payday. However, with rates that can be as high as 400%, it’s unfortunately fairly common for borrowers to… Read More »
Don’t Let Payday Loan Scammers Ruin Your Day
Everyone goes through challenging times in their life, which might result in considering the option of a payday loan. Some people go through with the loan, while others may fill out an application but never send it through. In either of these cases, your information may be shared with third-party companies. Not all of these… Read More »
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