Consumers looking for a quick cash infusion often turn to payday loans. Most of these loans are for relatively small amounts, usually only hundreds of dollars, and include repayment terms that are reasonable to meet. For a person with few options and unexpected needs, they may sound like a sensible choice. Unfortunately, these loans can… Read More »
Is There Such a Thing As Low-Interest Payday Loans?
4 Unbelievable Facts About High Payday Loan Interest Rates
Payday loans may seem like a quick fix when in need of cash. Most applicants for these loans are approved fast and without question, which can also seem appealing. In reality, though, payday loans can be some of the most dangerous methods for consumers to help themselves financially. Once a consumer defaults on their initial… Read More »
Online Payday Loans: Expectation vs. Reality
Online Payday Loans: Expectation vs. Reality Some choose payday loans when looking for a quick monetary fix. By offering fast money, few restrictions on applying, and a two-week repayment schedule, some consider these loans a reasonable answer to financial woes. Unfortunately, payday loans are often filled with loopholes and financial traps designed to keep the… Read More »
COVID-19 Could Push You Towards Payday Loans – Why You Should Resist
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 »
Calculate How Much Your Loan Really Costs (It’s More Than You Think)
If you need money quickly, walk into a payday loan store and leave in a few minutes with $300 or $500 in your pocket. Nothing could be simpler. But this convenience comes at a cost. Payday loans are the most expensive way to borrow money. According to the Consumer Financial Protection Bureau (CFPB), a United States… Read More »
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