In 2020, the ASPE put the poverty threshold the year at $12,760 for a single adult under the age of 65 and $26,200 for a family of four. There is nowhere in the United States that a single individual can afford to live on just $12,760 per year (or $1063.42 per month). It’s no wonder that so …
40 Great Savings Tips to Help You Avoid a Payday Loan Read More »
Payday loans help people with bad credit get fast cash. Unfortunately, so many state regulations allow such high finance charges and short repayment terms that the loans often trap borrowers in a cycle of debt. If you’re considering taking out a payday loan in Virginia, here’s what you should know about the Virginia payday loan …
Virginia Payday Loan Laws: The Ultimate Legislative Guide [Updated: 2022] Read More »
Payday loans are an extremely expensive form of short-term borrowing and often trap people in a cycle of debt. Some states have tried to protect consumers by prohibiting the industry, but most still allow it to continue to some degree. If you live in Oklahoma, here’s what you should know about the state’s payday loan …
Oklahoma Payday Loan Laws: The Ultimate Legislative Guide [Updated: 2021] Read More »
Millions of people are behind on their bills. In fact, 16% of American adults didn’t have enough money to pay their bills in full as of November 2020. While the high number of layoffs due to the COVID-19 pandemic hasn’t helped, many people struggled to pay their bills even before that. Unfortunately, there are some …
Need Help Now? Steps to Take When You Can’t Pay Your Bills Read More »
Payday loans are short-term, high-interest loans you can qualify for with no credit check. They’re supposed to help people with bad credit get financing, but they usually do more harm than good. Unfortunately, each state gets to decide whether to allow or prohibit them within their borders. Here’s how the Alabama payday loan laws work. …
Alabama Payday Loan Laws: The Ultimate Legislative Guide [Updated: 2021] Read More »
Payday loans are a common source of quick cash for low-income borrowers in the U.S. They’re so popular that there are about 23,000 payday lenders across the country — that’s twice the number of McDonald’s restaurants in America. The loans are lucrative for payday lenders — it’s a $9 billion industry — but costly for …
Survey: 90% of Borrowers Regret Their Payday Loan Read More »
Twelve million Americans take out payday loans each year in an estimated 14,000+ storefronts and spend about $9 billion on loan fees, according to a pewtrusts.org market report. That’s a whole lot of borrowing. If you are one of those that are overwhelmed with a large amount of payday loan debt and are wondering whether …
ACS Incorporation is a real company, but the email or phone call you’ve received may be part of a scam that could cost you hundreds or thousands of dollars. Scam artists use a wide array of underhanded tactics like harassment, threats, and emotional manipulation to get people to part with their money. And, unfortunately, many …
Is This Email or Phone Call from ACS Debt Collector Legitimate? Read More »
It’s a common worry. The holidays roll around and there’s pressure to spend money you don’t have. In fact, a survey shows more than half of Americans expect to need a short-term loan to pay for their holiday celebrations. But the new year can offer a fresh financial start. Dr. Jim Burroughs, a professor at …
Budgeting Advice from the Experts — for the Holidays and Beyond Read More »
Spending, supply shortages and shipping delays are key fears for Americans as the 2021 holiday shopping season kicks into high gear. But just how worried are they? DebtHammer.org set out to learn. We surveyed more than 750 Americans from Oct. 27-Nov. 5 to study how COVID-19, fears of supply shortages and the overall economy are …
Survey: Will 2021 Holiday Spending Plans Leave Americans in Debt? Read More »