Paying off debt can be one of the biggest challenges in all of personal finance. Credit cards, student debt, and payday loans are all designed to trap you in a loop of endless minimum payments. But as long as you stay disciplined, it is possible to escape. All you need is the right debt repayment …
Debt Avalanche vs. Snowball: Which is the Better Way to Repay? Read More »
Payday loans are almost always a poor decision. They’re ridiculously expensive, often predatory, and consistently trap borrowers who are already struggling. But how do payday loans affect your credit score? Key points READ MORE: Simple steps to get out of payday loan debt Stuck in payday debt? DebtHammer may be able to help. Payday loans …
How Do Payday Loans Affect Your Credit Score? What You Need to Know Read More »
Debt relief services can seem overwhelming when you’re already struggling with debt. It’s difficult to know which options will work for you, and there’s no one solution that works for everyone. Credit counseling is one option. Here’s what you need to know about whether it will be the best fit for your financial situation. Are …
Is Credit Counseling Right for You? Everything You Need to Know Read More »
When you need cash fast but struggle with bad credit, you may consider taking out a payday loan. Unfortunately, they have such high finance charges that they usually only make things worse. The Missouri payday loan laws, in particular, lack consumer protections. Here’s everything you should know about them if you live in the state. …
Missouri Payday Loan Laws: The Ultimate Legislative Guide Read More »
In theory, the purpose of payday loans is to provide emergency funds to people with bad credit. However, they usually cause more problems than they solve. The best way to protect consumers from the trap they represent is with state regulations. Here’s what you should know about the current Washington payday loan laws if you …
Washington Payday Loan Laws: The Ultimate Legislative Guide Read More »
The federal government imposes few restrictions on payday lending and gives each state the right to create its own rules instead. Despite the controversy surrounding the industry, many parts of the country still let the predatory practice continue. Here’s what you need to know about the Michigan payday loan laws if you live in the …
Michigan Payday Loan Laws: The Ultimate Legislative Guide Read More »
Because each state government has the power to create its own regulations for payday loans within its borders, each state is unique. If you’re considering borrowing from a payday lender, you need to know what the law says they can and/or can’t do in your home state. This guide will break down the Mississippi payday …
Mississippi Payday Loan Laws: The Ultimate Legislative Guide Read More »
Payday loans are supposed to be a way for people with bad credit to get fast cash in emergencies. Unfortunately, they often cost so much that they cause more problems for borrowers than they solve. It’s up to each state to create regulations that protect its consumers from the debt these loans represent, and these …
Oregon Payday Loan Laws: The Ultimate Legislative Guide Read More »
The payday loan industry gives people with poor credit access to quick financing. Unfortunately, the lenders involved often take advantage of their borrowers by charging exorbitant prices. The best way to prevent that on a large scale is with state regulation. Here’s a comprehensive review of how well the Utah payday loan laws protect consumers …
Utah Payday Loan Laws: The Ultimate Legislative Guide Read More »
If you have bad credit, payday loans may seem like the only way to borrow money in an emergency. However, they have such significant finance charges that they usually only make situations worse for consumers. Fortunately, state legislation can mitigate that problem to some degree. Here’s how the South Carolina payday loan laws protect you. …
South Carolina Payday Loan Laws: The Ultimate Legislative Guide Read More »