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 […]
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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
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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
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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
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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.
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Payday loans are a controversial topic across America, thanks to their tendency to trap borrowers in debt. Unfortunately, each state can regulate the predatory industry within their borders how they see fit, and some do a better job than others. Here’s what you should know about the Illinois payday loan laws if you live in
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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 »
Bad credit is like a shackle around your ankle. It can make getting a decent loan, buying a car, and even renting an apartment more difficult. Even the worst credit scores are salvageable, though. It’ll take some time, research, and discipline, but fixing bad credit is always possible. You don’t need to hire a credit
Free Credit Repair: Everything You Need to Know to Fix Bad Credit Yourself Read More »
Paying rent never feels good. But if you’re consistently upset about the amount left in your bank account afterward, you may be wondering: Is this normal? How much should I spend on rent? Most people probably experience a similar feeling. Studies show that, on average, the three largest expenses are housing, food, and transportation costs.
How Much Should I Spend on Rent? (Here’s How to Find Your Number) Read More »
“Look! Up in the sky! It’s the national debt of the United Kingdom!”“It’s the total GDP of Russia!”“No, it’s America’s student loan debt!” Don’t cry, little buddy. Joe Biden’s got your back. Probably. I’m going to go ahead and say what we’re all thinking. America’s student loan debt is getting just a teensy bit out
The DebtHammer Newsletter #3 Read More »