Payday Loan Relief

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. […]

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

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

Payday loans are dangerously easy to get. You only need a bank account, proof of income and a photo ID to be eligible. But payday loan borrowers are often confused about the type of loan they are getting and whether it’s a secured or unsecured loan. Our take Stuck in payday debt? DebtHammer may be

Many borrowers fear what will happen if they fail to repay their payday loans. Jail comes up surprisingly often, frightening people into making dangerous financial mistakes. So, is it true? Can you go to jail for not paying back a payday loan? Don’t worry. Jail isn’t a legal punishment for defaulting on debts, but an

Henry’s 23-year-old son borrowed $500 from an online payday lender and repaid the loan. Now, debt collectors are visiting their home and threatening to sue their son, who earns minimum wage and has no savings, for more than $3,000. Do they have a case? If a lender or debt collector contacts you and says they’re

Debt collectors will say almost anything to get you to make a payment. One commonly used threat is wage garnishment. But can your payday lender really garnish your wages? Your wages could be garnished Payday lenders cannot directly garnish your wages. But they can sue you and request that a judge order wage garnishment. Before

Payday loans are generally considered an emergency option, but as families struggle to pay for essentials like gas, groceries and rent, more people are using them as a financial lifeline. According to a new survey, almost half of Americans have used payday loans to cover some type of expense. But the tight repayment schedule makes

Lawmakers press forward as the battle continues. Payday lenders have been under fire for years now. Most of America’s left-leaning states have long seen the industry’s excessive interest rates as immoral, and the red states are increasingly coming around to that same point of view. Ironically, payday lenders’ transition to the internet seems to have

War… What is it good for? Not payday lenders. Giphy America is in the middle of a war. No, not the war on terror. Or the war on drugs. Or the war on poverty… Okay, so America is in the middle of a lot of wars. But we’re not talking about them right now. No,