How to Protect Yourself from Payday Loan Scams

By Angela Watson | Nov 16, 2020 | Comments Off on How to Protect Yourself from Payday Loan Scams

In 2020, the FTC received over 2.2 million reports of fraud. About 34% of these reports involved individuals who lost money to some kind of a scam. While not all of these scams are related to payday loans, many of them are. In fact, tens of thousands of people are involved in a payday loan …

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Can Payday Lenders Sue You or Take You to Court?

By Debbie Sklar | Nov 5, 2020 | Comments Off on Can Payday Lenders Sue You or Take You to Court?

These days you can be sued for about anything from hitting someone’s bumper to divorcing your spouse. You can also be sued by a lender if you don’t pay back a payday loan. Remember when you needed the funds borrowed to buy groceries and pay your electric and phone bill? You might want to find …

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8 Practical Alternatives to Payday Loans

By Nick Gallo | Nov 5, 2020 | Comments Off on 8 Practical Alternatives to Payday Loans

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 …

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Payday Loan vs. Installment Loan: Which is Better?

By Debbie Sklar | Nov 5, 2020 | Comments Off on Payday Loan vs. Installment Loan: Which is Better?

Table of Contents Are you considering taking out a fast cash loan? Before you borrow, take a careful look at your options.What is an Installment Loan?Secured vs. Unsecured LoansWhat is a Payday Loan?Installment Loan vs. Payday Loan: The Key DifferencesWhich One Should You Choose?Other Alternatives to Payday Loans and Installment LoansCash advance appHome refinancingWhat is …

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Debt Relief or Bankruptcy: Which is the Best Choice for You?

By debthammer | Nov 5, 2020 | Comments Off on Debt Relief or Bankruptcy: Which is the Best Choice for You?

Debt relief can be a saving grace when your monthly payments become unmanageable. And the amount of debt you’re grappling with can spiral out of control very quickly. But debt relief includes a wide range of strategies. And all too often, people struggle to find the right plan or get pressured into a scam by …

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How Does Debt Consolidation Affect Your Credit Score?

By Nick Gallo | Nov 5, 2020 | Comments Off on How Does Debt Consolidation Affect Your Credit Score?

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 …

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Debt Avalanche vs. Debt Snowball: Which is the Better Debt Repayment Strategy?

By Nick Gallo | Nov 5, 2020 | Comments Off on Debt Avalanche vs. Debt Snowball: Which is the Better Debt Repayment Strategy?

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 …

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Can Payday Loans Be Consolidated? Here’s How To Do It

By Amy Freeman | Jun 18, 2020 | 0 Comments

No one takes out a payday thinking that they’ll end up having to borrow again and again. Payday loans are short-term loans that are supposed to be paid back the next time you get paid. What usually happens is that borrowers end up taking out a loan, rolling it over and borrowing more and more. …

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How to Get Out of Payday Loan Debt in 10 Steps

By Jake Hill | Jun 13, 2020 | 0 Comments

Taking out payday loans may seem like a short term necessity, but if not repaid, payday loans can easily pile up into a mountain of debt. Borrowers with high amounts of payday debt often find their debt rising despite making payments, simply because of the astronomically high interest rates. Here are 10 ways to get …

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How to Use a Payday Loan Calculator

By Amy Freeman | Jun 10, 2020 | 0 Comments

On the surface, a payday loan looks like a quick and easy way to make ends meet. You’re strapped for cash before payday, why not borrow a few hundred and pay a small fee to do so? What looks like a small fee at first often turns out to add up to thousands of dollars. …

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