Payday loans are usually taken out by borrowers who just need some fast cash to make ends meet. Unfortunately, they tend to create more problems than they solve. And since payday loans also tend to correspond with a poor credit score, you’ll probably feel like you have no choice but to take out another the …
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 blatant scams from the more subtle ones. Thieves frequently try to take advantage of the fact that …
How to Handle Fake Debt Collectors of Payday Loans Read More »
A guide for those looking to determine whether or not a 0% balance transfer card will help them get out of debt. What is a 0% Balance Transfer Card? A balance transfer involves moving your outstanding credit balance from one account to another with more favorable terms. A 0% balance transfer card is the ideal …
What is a 0% Balance Transfer Card? (And When to Use One) Read More »
There’s a lot of misinformation out there about credit scores. People have been perpetuating myths about how they work and what affects them for years, so it’s no surprise that so many others are confused about how their credit scores are calculated. But in truth, the process is pretty easy to understand if you can …
Payday lending is an inherently predatory practice. Ignorant or desperate borrowers who have little to no financial recourse are often scared, frustrated, and uncertain due to financial stress and intimidation tactics. That makes them the perfect targets for con-artists, who have seized the opportunity to implement a variety of payday loan scams. These scams are …
The payday loan trap is scary. Once you’re caught, predatory lenders will use all kinds of underhanded tactics to make more money off of you. One of their favorite strategies is to threaten you into paying them, even if it means that you have to take another loan out to do so. Legal penalties are …
Payday loans are usually a borrower’s last resort. If you’re considering one, you’ve probably exhausted most of the traditional and easy means of financial support already, so it may seem like there are no more practical alternatives to payday loans for you. But there are viable options out there, even if your circumstances are making …
Are you considering taking out a fast cash loan? Before you borrow, take a careful look at your options. Taking on debt is always a calculated risk. Unfortunately, it’s a risk you may have to take if you’re pressed for cash. But not all debt is created equal, and you need to carefully consider all …
Installment Loan vs. Payday Loan: What’s the Difference? Read More »
Debt relief can be a saving grace when your monthly payments become unmanageable. And debt can spiral out of control very quickly, even in the best of times. In 2020, expensive health emergencies and rampant unemployment have only compounded the issue. But debt relief includes a wide range of strategies. And all too often, people …
Debt Relief or Bankruptcy? (The Options and the Differences) Read More »
Debt consolidation can lower your monthly payments, but can it also lower your credit score? Well… it depends. In some cases, debt consolidation will get you a better interest rate, simplify your paydown process, and put you on the fast track to being debt-free. But in others, you’ll get nothing for your trouble except a …
How Does Debt Consolidation Affect Your Credit Score? Read More »