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 »
Taking out a payday loan may be an easy and quick way to overcome a financial crisis or help when you’re low on cash. However, payday loans lead to a slippery slope of large amounts of unwanted debt. One payday loan leads to another and before you know it, you’re dealing with multiple monthly payments… 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 »
Creating a budget should be one of your very first steps on your debt free journey. Creating a plan for your money helps you see where your money is going and holds you accountable. Without a plan, it’s easy to move through the day making decisions that don’t get us closer to our goals. A… Read More »
We work with hundreds of clients every day who are trying to escape the payday loan trap. Each of their stories is very different. However, there’s one common story that we see with nearly every client we work with. They’ve either been a victim of a payday loan scam or have been contacted by someone… Read More »