Each state government has the authority to prohibit, restrict, or ignore the industry for themselves. As a result, you’ll find 50 completely different rulesets in each state. This guide explores the Indiana payday loan laws and the history of the industry. Payday lending status in Indiana: Legal Payday lending is currently legal in Indiana. While […]
Indiana Payday Loan Laws: The Ultimate Legislative Guide Read More »
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 a total lack of limitations. This guide
Georgia Payday Loan Laws: The Ultimate Legislative Guide Read More »
If you took out a payday loan two weeks ago and can’t afford to pay it back, you’ll need to take action quickly before the lender tries to withdraw your payment from your bank account. If the money isn’t there, it will just cause your financial issues to snowball. The first step is to stop
How to Stop Paying Payday Loans — Legally Read More »
The number of payday lenders in the U.S. is about 23,000 — twice that of McDonald’s and Starbucks. Though some states have made payday lending outright illegal, others are plagued by payday lenders that take advantage of desperate individuals when they’re at their lowest point. To learn where your state stands, explore the numbers below.
Which State Has The Most Payday Loan Stores? Read More »
Payday loans can destroy your finances in a matter of weeks. Lenders know that most payday loan borrowers won’t be able to repay their loans in full from their next paycheck. More than 80% of those loans must be rolled over into new loans, with additional fees. Before you know it, you’re stuck in the
Payday Loan Settlement: A Fast Way to Get Debt Relief? 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 »
Note: Updated in February 2024 to add information on the introduction of Idaho Senate Bill 1285. Laws vary from state to state. In some states, vaping is prohibited. In New Hampshire, it’s illegal to collect seaweed at night. And in Alaska, it’s unlawful for a person to get drunk at a bar and remain on
States Where Payday Loans Are Illegal 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 »
If you’re juggling multiple bills each month — between medical bills, title loans, credit card bills, payday loans, and others — it can be hard on your checking account. Especially if you’re short on cash and the many payments are racking up overdraft fees or late fees. It might be time to consider rolling your
What Is an Installment Loan? Can It Help Consolidate Debt? Read More »
