When you need to borrow money quickly, you may not have time to extensively research the different types of available loans. What are the differences between payday loans and personal loans? The truth is that personal loans will almost always be better. Stuck in payday debt? DebtHammer may be able to help. At a glance: […]
Payday Loans vs. Personal Loans: Which is Better? Read More »
If you make less than $40,000 a year, don’t have a college degree, have questionable credit, don’t own a home and are divorced or separated, you’re a payday lender’s prime target. But though they seem like a fast and simple option, that two-week payday loan can have a long-term impact on your financial situation. Before
Considering a Payday Loan? Know the Pros and Cons Read More »
If your payday loan lender requires you to set up automatic payments when you apply for your payday loan, it can cause problems if the money isn’t there to repay the loan when your next paycheck rolls around. Don’t worry, there are ways to stop these automatic payments legally. How to stop paying payday loans
How to Legally Stop Automatic Payments on a Payday Loan Read More »
Payday Alternative Loans are small-dollar short-term loans that were designed to be a better alternative to traditional payday loans without the high fees and interest charges. They cost less and offer longer repayment terms, larger borrowing limits and interest rates are capped at 28%. Unfortunately, many payday loan borrowers are completely unaware that this type
What is a Payday Alternative Loan (PAL)? A Better Option Read More »
Payday loan borrowers are used to giving up their paychecks to their lenders, many of whom offer services that already border on predatory. In an industry so full of shady practices, it can be difficult to discern the scams from legitimate loan companies. Thieves frequently try to take advantage of the fact that many of
How to Handle Fake Debt Collectors For Payday Loans Read More »
It’s your worst nightmare: your car engine blew and you can’t get to work. But you have no emergency fund, your credit cards are maxed out, and payday isn’t for another two weeks. How can you get enough money to get it repaired without missing work? If you’ve ever needed cash on short notice, you
What are Payday Loans? The Truth About the Dangerous Debt Trap Read More »
Payday loans are dangerous. What looks like a small fee at first often adds up to thousands of dollars. Before you take out a payday loan, use our pay loan calculator to determine your interest rate and compare how it stacks up against other types of loans. Calculate your payday loan APR You can calculate
How to Use a Payday Loan Calculator Read More »
A charge-off is poison for your credit score. It’s a serious negative item on your credit report and will harm your chances of getting competitive rates on loans or being approved for a credit card. It’s not easy to remove a charge-off from your credit report unless it’s a mistake. However, it isn’t impossible. Here’s
5 Ways to Remove a Charge-Off Without Paying Read More »
If you’ve racked up several missed payments and are watching your credit card debt increase rapidly, you have more to worry about than your rising balance. Your creditor may have the loan charged off as bad debt. According to the Federal Reserve of St. Louis, this happens to about 2.25% of credit card debts in
Charged Off as Bad Debt: What This Means and How to Fix It Read More »
Do you have a mountain of debt and worry about money? You are not alone. According to the American Psychological Association, 72% of adults stress about money, auto loans, paying rent, or feeling overwhelmed by debt. Debt consolidation can be the solution – if you do it correctly. DebtHammer can help Whether you have $1,000
Debt Consolidation: How It Works + 10 Best Loan Options Read More »