Tennessee Payday Loan Laws: The Ultimate Legislative Guide [Updated: 2021]

By Nick Gallo | Sep 16, 2021 | Comments Off on Tennessee Payday Loan Laws: The Ultimate Legislative Guide [Updated: 2021]

Payday loans have short repayment terms, high interest rates, and small principal balances. Because they frequently trap borrowers in a cycle of debt, some state governments limit or prohibit them, but that’s not true of the entire country. Here’s what you should know about the Tennessee payday loan laws if you live in the state. …

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Kansas Payday Loan Laws: The Ultimate Legislative Guide [Updated: 2021]

By Nick Gallo | Sep 4, 2021 | Comments Off on Kansas Payday Loan Laws: The Ultimate Legislative Guide [Updated: 2021]

Payday lending is infamous in America for its predatory nature, but the industry is still present in many parts of the country. The federal government leaves it up to individual states to regulate their payday lenders, and each one has a unique approach. Here’s what you should know about the Kansas payday loan laws if …

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Is the Klover App Legitimate? Here’s What You Need to Know

By Angela Watson | Aug 27, 2021 | Comments Off on Is the Klover App Legitimate? Here’s What You Need to Know

Cash advance apps have gained immense popularity in recent years, which is good news for people who would have otherwise had to rely on short-term options like payday loans. A cash advance app like Klover can be a good, temporary solution for those who need some extra cash before their next paycheck. Table of Contents …

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What Happens if I Close My Bank Account and Default on a Payday Loan?

By debthammer | Aug 26, 2021 | Comments Off on What Happens if I Close My Bank Account and Default on a Payday Loan?

It’s a scary feeling if you’ve taken out a payday loan and can’t pay it back. That short-term cash infusion you needed has suddenly spiraled out of control because of high fees and interest rates. The payments are being debited from your account automatically and the money just isn’t there, and now you’re also getting hit …

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Colorado Payday Loan Laws: The Ultimate Legislative Guide [Updated: 2021]

By Nick Gallo | Aug 25, 2021 | Comments Off on Colorado Payday Loan Laws: The Ultimate Legislative Guide [Updated: 2021]

Despite its predatory reputation, payday lending still occurs frequently across America. Because the industry is regulated by state officials — not the federal government — the rules are inconsistent. Here’s what you should know about the Colorado payday loan laws if you live in the state. Table of Contents Payday lending status in Colorado: ProhibitedLoan …

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How to Make Sure a Loan Company is Legitimate

By debthammer | Aug 24, 2021 | Comments Off on How to Make Sure a Loan Company is Legitimate

When looking for a personal loan, your focus is usually on the details — fees, interest rates and repayment terms. But while these are important factors, one key issue outweighs the rest — ensuring that the loan company is legitimate. According to the Federal Trade Commission, about $3.3 billion was lost in loan fraud in 2020. It …

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Is a Payday Loan Secured or Unsecured?

By Jake Hill | Jul 30, 2021 | Comments Off on Is a Payday Loan Secured or Unsecured?

It’s the middle of a long, hot Texas summer and your air conditioner suddenly stops working — the good news is that it can easily be repaired. The problem is that you won’t have the $150 needed to make the repair until your next payday — which is more than a week away. What should …

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What is a Live Check, and Should You Cash It?

By Jake Hill | Jul 30, 2021 | Comments Off on What is a Live Check, and Should You Cash It?

We’ve all been in this spot: money is tight and just as you’re short on cash what seems like a miracle — an unsolicited check — arrives in your mailbox right as you need items to get the kids ready to head back to school, or you’re ready to begin your holiday shopping. Suddenly you …

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How to Stop Automatic Payments on Your Payday Loan

By Jake Hill | Jul 30, 2021 | Comments Off on How to Stop Automatic Payments on Your Payday Loan

Automatic loan payments can be a good way to stay on top of monthly bills. Taking a few steps to pre-set your payments to be automatically deducted from your bank account each month saves time, hassle, and money by preventing late fees. They’re also a helpful way to keep track of your monthly budget and …

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Is it a Felony to Not Pay a Payday Loan?

By Monica Leftwich | Jul 1, 2021 | Comments Off on Is it a Felony to Not Pay a Payday Loan?
Payday Loan Felony

When most people obtain a payday loan, it’s to get cash fast for a financial emergency of some sort. And then they pay the loan off with their next paycheck. But life happens sometimes and paying that loan back doesn’t always happen as fast as planned. In fact, some customers need several weeks or more …

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