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

By Nick Gallo | Oct 29, 2021 | Comments Off on California Payday Loan Laws: The Ultimate Legislative Guide [Updated: 2021]

Payday loans have long been controversial for their tendency to trap borrowers in a cycle of debt. Unfortunately, individual states have the authority to regulate them within their borders, and many choose to allow the predatory industry to continue charging unreasonable interest rates. These are the California payday loan laws. Table of Contents Payday lending …

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

By Nick Gallo | Oct 29, 2021 | Comments Off on Michigan Payday Loan Laws: The Ultimate Legislative Guide [Updated: 2021]

The federal government imposes few restrictions on payday lending and gives each state the right to create its own rules instead. Despite the controversy surrounding the industry, many parts of the country still let the predatory practice continue. Here’s what you need to know about the Michigan payday loan laws if you live in the …

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What Is an Installment Loan? Can It Help Consolidate Debt?

By debthammer | Oct 22, 2021 | Comments Off on What Is an Installment Loan? Can It Help Consolidate Debt?

If you’re juggling multiple bills each month — between medical bills, title loans, credit card bills, payday loans, and others — it can be hard on your checking account. Especially if you’re short on cash and the many payments are racking up overdraft fees or late fees. It might be time to consider rolling your …

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How To Start a Budget — and Build Savings — From Scratch

By Angela Watson | Oct 22, 2021 | Comments Off on How To Start a Budget — and Build Savings — From Scratch

The general rule of thumb is to have enough savings set aside to cover at least three months of living expenses. That way, if you lose your job or if there’s a sudden financial emergency, you have something to fall back on. However, millions of Americans don’t even have a budget, much less any money …

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

By Nick Gallo | Oct 22, 2021 | Comments Off on Florida Payday Loan Laws: The Ultimate Legislative Guide [Updated: 2021]

The debate over the necessity and morality of payday loans has been going on for years, but they’re still legal in most parts of the United States. Unfortunately, each state government has the authority to regulate them within their borders, and they all take a different approach. Here’s what you should know about the Florida …

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

By Nick Gallo | Oct 12, 2021 | Comments Off on Illinois Payday Loan Laws: The Ultimate Legislative Guide [Updated: 2021]

Payday loans are a controversial topic across America, thanks to their tendency to trap borrowers in debt. Unfortunately, each state can regulate the predatory industry within their borders how they see fit, and some do a better job than others. Here’s what you should know about the Illinois payday loan laws if you live in …

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

By Nick Gallo | Oct 5, 2021 | Comments Off on Nevada Payday Loan Laws: The Ultimate Legislative Guide [Updated: 2021]

Payday loans’ tendency to trap borrowers in perpetual debt has made them controversial in America, but the federal government hasn’t stepped in to forbid them. Instead, state governments can regulate them how they see fit, and each one has a different set of rules for the industry. These are the Nevada payday loan laws. Table …

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

By Nick Gallo | Oct 5, 2021 | Comments Off on Louisiana Payday Loan Laws: The Ultimate Legislative Guide [Updated: 2021]

Payday loans have such high interest rates and short repayment terms that their users often get trapped in a cycle of debt. Despite this, the federal government doesn’t have legislation in place to restrict them. Instead, states can regulate them as they see fit, and each one has different rules. These are the Louisiana payday …

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Cities With the Worst Payday Lending Problems

By debthammer | Oct 5, 2021 | Comments Off on Cities With the Worst Payday Lending Problems

As many Americans suffer financially through the lingering COVID-19 pandemic, it’s a good time to be a payday lender, particularly in the South, where cities have the highest numbers of payday loan storefronts in the U.S., and residents are doing a lot of complaining to the Consumer Financial Protection Bureau. DebtHammer compared data from U.S. …

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Best Options to Consolidate Your Installment Loan Debt

By debthammer | Sep 24, 2021 | Comments Off on Best Options to Consolidate Your Installment Loan Debt

Paying off one installment loan is hard enough. Juggling multiple lines of installment debt is a nightmare. That’s why people are turning to installment loan debt consolidation as a solution. Table of Contents What is loan consolidation?What’s an installment loan?Why consolidate your installment loans?One paymentPotential for lower interest ratesImproved credit scoreHow to consolidate your installment …

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