Complete Guide to Credit Counseling: Is it Right for You?

By Rebecca Stumpf | Jan 25, 2024 | Comments Off on Complete Guide to Credit Counseling: Is it Right for You?

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 […]

The Fair Debt Collection Practices Act: What are Your Rights?

By Jake Hill | Jan 25, 2024 | Comments Off on The Fair Debt Collection Practices Act: What are Your Rights?

If you’ve gotten too far behind on bills, debt collectors might start bugging you. And debt collectors generally are allowed to contact you about overdue debts. But there are a number of things they’re not allowed to do. As a consumer, it’s important that you understand what debt collectors can and cannot do, and luckily, […]

What is Debt Consolidation? A Quick Way to Tackle Your Debt

By Jake Hill | Jan 25, 2024 | Comments Off on What is Debt Consolidation? A Quick Way to Tackle Your Debt

If you’re juggling so many credit card and loan payments each month that you can only afford to make the minimum payments, it’s time to consider debt consolidation. But what is it, and how does it work? Key points How debt consolidation works Debt consolidation rolls your old debt into one new loan. There are […]

Cleo App Review: Pros, Cons, Features, Ratings and More

By Rebecca Stumpf | Jan 19, 2024 | Comments Off on Cleo App Review: Pros, Cons, Features, Ratings and More

Artificial intelligence is seemingly everywhere these days, including bank accounts. Cleo is a cash advance app that calls itself “the world’s first AI assistant dedicated to personal finance.” If you’re the type of person who wants some help managing your money but doesn’t want to have to talk to an actual human, Cleo may be […]

Does the Government Help With Payday Loans? It’s Complicated

By Jake Hill | Jan 18, 2024 | Comments Off on Does the Government Help With Payday Loans? It’s Complicated
Though the government doesn't have programs to help borrowers repay payday loans, DebtHammer explains various federal and state protections that are in place to help borrowers.

One seemingly simple payday loan can leave you grappling with debt for years. Consider Dave in Missouri, for instance, who borrowed $2,500 over five years and paid $61,000 in interest. If your payday loan debt has spiraled out of control and you’re wondering whether government help is available, here’s what you need to know. Our […]

Is My Payday Lender Licensed in My State? Here’s How to Find Out

By Jake Hill | Jan 18, 2024 | Comments Off on Is My Payday Lender Licensed in My State? Here’s How to Find Out

If you’re struggling with paying a payday loan, you need to know whether your lender is licensed. If your lender is not licensed, your loan may not be legally collectible, meaning you may not have to pay it. Stuck in payday debt? DebtHammer may be able to help. How to determine whether your payday lender […]

Payday Loan Scams: Learn How to Protect Yourself (and Your Money)

By Rebecca Stumpf | Jan 18, 2024 | Comments Off on Payday Loan Scams: Learn How to Protect Yourself (and Your Money)
Falling for a payday loan scam can be a very expensive mistake. DebtHammer explains how to protect yourself from scammers.

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 […]

Brigit App Review: Pros, Cons, Features, Ratings and More

By Rebecca Stumpf | Jan 16, 2024 | Comments Off on Brigit App Review: Pros, Cons, Features, Ratings and More

Brigit is a financial app that offers small cash advances of up to $250 to tide you over until your next payday. Helping borrowers avoid payday loans is a worthy goal, and Brigit boasts more than four million customers who want to borrow quick cash, build credit and save smarter. But Brigit charges a $10 […]

Klover App Review: A Legitimate Way to Get Quick Cash

By Rebecca Stumpf | Jan 15, 2024 | Comments Off on Klover App Review: A Legitimate Way to Get Quick Cash

Payday loans are never good. A cash advance app can be a better alternative for those needing extra cash before their next paycheck. Klover is a legitimate option for quick, no-interest loans — but there’s a catch. Our take: Klover is a legitimate way to get short-term cash advances of up to $200, and it […]

How to Get Help if You Can’t Afford Funeral Costs [Updated 2024]

By Jennifer Chiongbian | Jan 11, 2024 | Comments Off on How to Get Help if You Can’t Afford Funeral Costs [Updated 2024]

Death and taxes are the only two things in life that are certain. Both can be very expensive, but one is inescapable: funeral costs. Key points Government programs and charities that help with funeral costs The average cost of a funeral and burial is $7,848, according to the latest data from the National Funeral Directors […]

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