The DebtHammer Blog

Learn how to get a grip on your personal finances.

What happens if you can’t afford to repay a payday loan?

By Jake Hill | Jun 5, 2020 | 0 Comments

Defaulting on a payday loan can damage your credit score, trigger a barrage of harassing phone calls from debt collectors, and in extreme cases with a proper scumbag lender, land you in court. Make it a priority to settle the debt and escape the payday loan cycle trap. Table of Contents What are payday loans …

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What Are Payday Loans And Why Are They Bad?

By Jake Hill | Jun 5, 2020 | 0 Comments

If you’ve ever needed cash on short notice you may have considered a payday loan. While payday loans were originally meant to help make ends meet on occasion, they can easily trap borrowers into an endless cycle of debt. This post details everything you need to know about payday loans, and how to stay clear …

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