It’s the middle of a long, hot Texas summer and your air conditioner suddenly stops working — the good news is that it can easily be repaired. The problem is that you won’t have the $150 needed to make the repair until your next payday — which is more than a week away. What should …
We’ve all been in this spot: money is tight and just as you’re short on cash what seems like a miracle — an unsolicited check — arrives in your mailbox right as you need items to get the kids ready to head back to school, or you’re ready to begin your holiday shopping. Suddenly you …
Automatic loan payments can be a good way to stay on top of monthly bills. Taking a few steps to pre-set your payments to be automatically deducted from your bank account each month saves time, hassle, and money by preventing late fees. They’re also a helpful way to keep track of your monthly budget and …
If the world were to end in nuclear armageddon, the only things left would be roaches, Twinkies, and payday lenders. The payday loan industry refuses to die out, even though humanity has been fighting usurious lending since at least the early days of Mesopotamia. Across modern-day America, the battle is still ongoing. Each state government …
Indiana Payday Loan Laws: The Ultimate Legislative Guide [Updated: 2021] Read More »
Statistics updated as of: February 10th, 2021 Payday loans are still alive and well in many parts of America. Across the country, 12 million people still use them each year. Because each state government has the power to regulate the industry within their borders, there are 50 distinct rulesets that range from complete prohibition to …
Georgia Payday Loan Laws: The Ultimate Legislative Guide [Updated: 2021] Read More »
Taking out payday loans may seem like a short term necessity, but if not repaid, payday loans can easily pile up into a mountain of debt. Borrowers with high amounts of payday debt often find their debt rising despite making payments, simply because of the astronomically high interest rates. Here are 10 ways to get …
Payday loans are short-term loans for typically under $1,000 with very high interest rates that are designed to be repaid from your next paycheck. 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 …
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 …
Everything you need to know about predatory online payday lending Read More »
Payday lenders do not go quietly into that good night. If you don’t pay your loan back on time, you’ll wind up on the business end of a debt collector’s list — and payday lenders always seem to contract with the most obnoxious collectors out there. Here is what you will deal with if you …
What Happens If You Can’t Afford to Repay a Payday Loan? Read More »