Dangers of Payday Loans

It’s no secret that finances can put a huge strain on a relationship. According to a study cited in this CNBC article, finances are the leading cause of stress in a relationship. Thirty­five percent of all respondents “experiencing relationship stress said money was the primary cause of friction.” With money being a leading cause of… Read More »

If you’ve submitted your personal information when applying for an online payday loan, chances are you’ve been victim of someone attempting to illegally collect on fake payday loan debt or someone falsely promising a payday loan debt settlement. It’s important to know the difference between legitimate payday loan consolidation companies and those that are out… Read More »

The payday loan trap is a very real thing, and so is payday loan addiction. The average payday loan borrower takes out 8 loans per year. Psychology Today defines addiction as “a condition that results when a person … engages in an activity that can be pleasurable but the continued use/act of which becomes compulsive and interferes with… Read More »

With new upcoming rules and regulations, the payday loan industry has been all over the news recently. And while most agree that everyone should stay far, far away from payday loans (along with all their dangers) and that taking one out is quite possibly the worst financial decision to make, there’s a small minority in… Read More »

Payday loans are like quicksand. They’re easy to fall into, but nearly impossible to get out of. While most people who take out payday loans have every intention of paying them back within the two-­week loan term, it rarely ever happens. Most people continue to roll over and renew payday loans, accruing more and more… Read More »