FloatMe App Review: Pros, Cons, Ratings, Features and More

By Rebecca Stumpf | Jan 4, 2024 | Comments Off on FloatMe App Review: Pros, Cons, Ratings, Features and More

Updated March 7, 2024, to include a class action lawsuit filed against FloatMe in Pennsylvania. FloatMe is a paycheck advance app that loans (or “floats”) you extra cash until payday. You can use the money however you need to, whether to buy groceries, fill up the gas tank or pay a bill. The app has […]

Four Basic Payday Loan Requirements You Need to Know

By Jake Hill | Jan 3, 2024 | Comments Off on Four Basic Payday Loan Requirements You Need to Know

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. […]

30 Great Savings Tips to Help You Avoid a Payday Loan

By Jake Hill | Jan 2, 2024 | Comments Off on 30 Great Savings Tips to Help You Avoid a Payday Loan

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 […]

Payday Loans vs. Personal Loans: Which is Better?

By Jake Hill | Dec 27, 2023 | Comments Off on Payday Loans vs. Personal Loans: Which is Better?

When you need to borrow money quickly, you may not have time to extensively research the different types of available loans. What are the differences between payday loans and personal loans? The truth is that personal loans will almost always be better. Stuck in payday debt? DebtHammer may be able to help. At a glance: […]

What is a Payday Alternative Loan (PAL)? A Better Option

By Rebecca Stumpf | Dec 26, 2023 | Comments Off on What is a Payday Alternative Loan (PAL)? A Better Option

Payday Alternative Loans are small-dollar short-term loans that were designed to be a better alternative to traditional payday loans without the high fees and interest charges. They cost less and offer longer repayment terms, larger borrowing limits and interest rates are capped at 28%. Unfortunately, many payday loan borrowers are completely unaware that this type […]

Considering a Payday Loan? Know the Pros and Cons

By Jake Hill | Dec 21, 2023 | Comments Off on Considering a Payday Loan? Know the Pros and Cons

If you make less than $40,000 a year, don’t have a college degree, have questionable credit, don’t own a home and are divorced or separated, you’re a payday lender’s prime target. But though they seem like a fast and simple option, that two-week payday loan can have a long-term impact on your financial situation. Before […]

Do You Need a Payday Loan Lawyer? 13 Considerations

By Jake Hill | Dec 20, 2023 | Comments Off on Do You Need a Payday Loan Lawyer? 13 Considerations

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 […]

Skip That Payday Loan: Try These 12 Better Alternatives First

By Jake Hill | Dec 11, 2023 | Comments Off on Skip That Payday Loan: Try These 12 Better Alternatives First

According to the Center For Responsible Lending, payday loans drain over $4.1 billion in annual fees from borrowers in states where payday loans are legal.  And that’s not counting title loans, which drain another $3.8 billion in fees per year from residents of 22 states. Between the two, that’s nearly $8 billion. Don’t get stuck […]

How to Legally Stop Automatic Payments on a Payday Loan

By Jake Hill | Dec 11, 2023 | Comments Off on How to Legally Stop Automatic Payments on a Payday Loan

If your payday loan lender requires you to set up automatic payments when you apply for your payday loan, it can cause problems if the money isn’t there to repay the loan when your next paycheck rolls around. Don’t worry, there are ways to stop these automatic payments legally.  How to stop paying payday loans […]

How to Use a Payday Loan Calculator

By Jake Hill | Dec 6, 2023 | 0 Comments

Payday loans are dangerous. What looks like a small fee at first often adds up to thousands of dollars.  Before you take out a payday loan, use our pay loan calculator to determine your interest rate and compare how it stacks up against other types of loans. Calculate your payday loan APR You can calculate […]

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