Month: June 2020

Payday loan calculator

Payday loans are short-term, high-interest loans for typically under $1,000 that are designed to be paid back on the borrower’s next payday. Advertised as a short-term solution for unexpected expenses such as vehicle repair or an upsurge in utility bills, payday loans are regularly used to deal with recurring expenses or to pay off credit …

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Everything you need to know about predatory online payday lending

Predatory lending is a $25 billion problem that perpetuates poverty and the socioeconomic victimization of many Americans. Payday loans specifically ― which are inherently predatory ― cost borrowers between $2.6 billion and $3.5 billion in fees annually.  Although the payday loan industry is dominated by brick and mortar lenders, online lenders are an emerging player …

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