A debt consolidation loan is usually the simplest and most inexpensive way to consolidate credit card debts. The idea is to get a new loan with a lower interest rate and use that loan to pay off all of your other high-interest debts. Even if you have bad credit, qualifying for a new loan is […]
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 […]
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, […]
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 […]
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 […]
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 […]
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? […]
Payday loan requirements are relatively lax, but there are still a few requirements. If you aren’t sure whether you’re eligible for a payday loan, here’s what you need to know. Our take Do you have multiple payday loans? DebtHammer helps break the borrowing cycle. Who qualifies for payday loans? Payday loan underwriting requirements are minimal. […]
DebtHammer has worked with countless people stuck in the payday loan trap simply because they needed to borrow a small amount of money until payday. We know firsthand the long-term damage a single payday loan can cause. If you need fast cash and a personal loan is not an option, here are 30 ways to […]
If you are overwhelmed with a large amount of payday loan debt, you might be wondering whether you need a payday loan lawyer. It depends on whether your legal rights have been violated. Here’s how to figure that out. You may not need a payday loan attorney Lawyers are expensive. If your problem stems from […]