Debt-relief services can seem overwhelming when you’re already struggling with debt. It’s challenging 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. Key points […]
Complete Guide to Credit Counseling: Is it Right for You? Read More »
Payday loan borrowers are prime targets for scammers. They almost always need money fast and don’t have time to ask questions or thoroughly research the lenders. In fact, according to the FBI, tens of thousands of people fall victim to payday loan scams each year. Trust your gut. If you’re feeling panicked or rushed into
Payday Loan Scams: Learn How to Protect Yourself (and Your Money) Read More »
What can you do if you can’t afford to repay your payday loan? Most borrowers “roll over” their loan into a new loan – with new fees. But there’s a better option. Instead, ask if your payday lender offers an extended payment plan, also known as an EPP loan. Key points Need a lower payment?
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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 »
Many borrowers fear what will happen if they fail to repay their payday loans. Jail comes up surprisingly often, frightening people into making dangerous financial mistakes. So, is it true? Can you go to jail for not paying back a payday loan? Don’t worry. Jail isn’t a legal punishment for defaulting on debts, but an
Will You Go to Jail for Not Paying Back a Payday Loan? What You Need to Know Read More »
Henry’s 23-year-old son borrowed $500 from an online payday lender and repaid the loan. Now, debt collectors are visiting their home and threatening to sue their son, who earns minimum wage and has no savings, for more than $3,000. Do they have a case? If a lender or debt collector contacts you and says they’re
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Debt collectors will say almost anything to get you to make a payment. One commonly used threat is wage garnishment. But can your payday lender really garnish your wages? Your wages could be garnished Payday lenders cannot directly garnish your wages. But they can sue you and request that a judge order wage garnishment. Before
Can Payday Lenders Garnish Wages? Everything You Need to Know Read More »
Are you struggling to find enough cash each month to make the minimum payments on all your credit card bills? Debt consolidation may be the solution you need. Here are seven reasons why you should consider it. Key points Seven times you should consolidate debt There are plenty of reasons to consider debt consolidation. Here are
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Dealing with debt can be complicated, particularly if you’re being harassed by debt collectors or have received a court summons. Hiring an attorney can be expensive and scary, and you may not actually need one. 9 signs you may need to hire a debt relief lawyer If you’re considering the options, you probably already have
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You may have heard that all it takes is a simple 11-word phrase that instantly makes debt collectors stop in their tracks. But will that actually work? Probably not. “Please cease and desist all calls and contact with me immediately.” Does this phrase work? You’ll see countless posts online telling you to use this phrase
Will This 11-Word Phrase to Stop Debt Collectors Actually Work? Read More »