How to Get Out of Payday Loan Debt in 10 Steps

By Jake Hill | Jun 13, 2020 | 0 Comments

Taking out payday loans may seem like a short term necessity, but if not repaid, payday loans can easily pile up into a mountain of debt. Borrowers with high amounts of payday debt often find their debt rising despite making payments, simply because of the astronomically high interest rates. Here are 10 ways to get …

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How to Use a Payday Loan Calculator

By Jake Hill | Jun 10, 2020 | 0 Comments

Payday loans are short-term loans for typically under $1,000 with very high interest rates that are designed to be repaid from your next paycheck. Advertised as a short-term solution for unexpected expenses such as vehicle repair or an upsurge in utility bills, payday loans are regularly used to deal with recurring expenses or to pay …

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Everything you need to know about predatory online payday lending

By Jake Hill | Jun 10, 2020 | 0 Comments

Predatory lending is a $25 billion problem that perpetuates poverty and the socioeconomic victimization of many Americans. Payday loans specifically ― which are inherently predatory ― cost borrowers between $2.6 billion and $3.5 billion in fees annually.  Although the payday loan industry is dominated by brick and mortar lenders, online lenders are an emerging player …

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What Happens If You Can’t Afford to Repay a Payday Loan?

By Jake Hill | Jun 5, 2020 | 0 Comments

Payday lenders do not go quietly into that good night. If you don’t pay your loan back on time, you’ll wind up on the business end of a debt collector’s list — and payday lenders always seem to contract with the most obnoxious collectors out there. Here is what you will deal with if you …

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What Are Payday Loans And Why Are They Bad?

By Debbie Sklar | Jun 5, 2020 | 0 Comments

It’s your worst nightmare: your car engine blew and you can’t get to work. But you have no emergency fund, all of your credit cards are overextended and payday isn’t for another two weeks. How can you get enough money to get it repaired without missing work? If you’ve ever needed cash on short notice …

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