A surprisingly large number of Americans don’t have enough money saved to cover an unexpected $500 emergency. So, what happens when the fridge stops working or the car needs urgent repairs? Most turn to credit, and for some, that credit comes in the form of high-interest payday loans. You can’t avoid unexpected financial emergencies. But… Read More »
The holidays are an exciting, and stressful, time of the year. Between holiday parties, decorations, and gifts, the list of holiday expenses can quickly add up, and your spending can get out of control. On average, Americans with holiday debt, add nearly $1,000 to their overall debt, due to the holidays. Unfortunately, going into debt… Read More »
For first-time payday loan borrowers, it’s not just a quick cash fix. One payday loan turns into multiple payday loans and before you know it, you’re stuck in the cycle of rolling over payday loans month after month. Four out of five payday loans are either rolled over or renewed within 14 days. The payday… Read More »
Your car breaks down. There is no money in your savings account to cover the $300 worth of repairs. But you’re bank account is next to empty and you can’t miss work again. Getting a payday loan is a fast and easy solution when cash is short and you’re faced with a financial emergency. But… Read More »
You never plan to get a flat tire, chip a tooth, or have to rush the dog to the emergency vet. Most all financial emergencies are unplanned. You don’t know that they’re going to happen; you’re not given any notice. And if you’re like two thirds of Americans, you don’t have enough money to cover… Read More »
You were short on cash and applied for a payday loan. Next thing you know you were approved for one loan and keep getting approved. Before long, you’re in more debt than you can manage, you’re unable to make your minimum monthly payments, payday lenders are calling nonstop, and you don’t know what to do.
You’re focused on getting out of debt. You have a plan in place and you’re ready to pay off your debt as fast as possible. As you’re creating a budget to get out of debt, though, keep these 5 things at the top of your of mind. These 5 items should always get paid first,… Read More »
It can seem next to impossible to escape the payday loan debt trap. But it’s not; not when you have the right help and a plan in place. We work with clients every day that we help escape the payday loan debt trap. We know it’s possible. We’ve seen it happen hundreds of times. So,… Read More »