Payday Loans

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: […]

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

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

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

Payday loan borrowers are used to giving up their paychecks to their lenders, many of whom offer services that already border on predatory. In an industry so full of shady practices, it can be difficult to discern the scams from legitimate loan companies. Thieves frequently try to take advantage of the fact that many of

It’s your worst nightmare: your car engine blew and you can’t get to work. But you have no emergency fund, your credit cards are maxed out, 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, you

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

Tracy didn’t know where to turn. Her husband had been out of work for almost a year, and the family had been relying on payday loans to keep the lights on and the kids fed while he searched for a job. By the time he found work, they had nine payday loans totaling more than

What happens if you fail to repay your payday loan debt? Will you face felony charges and run the risk of jail time? Is it considered a misdemeanor? Don’t worry. Jail isn’t a legal punishment for defaulting on debts. And you won’t be arrested. However, an unpaid loan can make life difficult in many other

Around 12 million American consumers use payday loans yearly, borrowing an average of eight loans at $375 each. With the standard lender fees and interest rates, each loan costs around $520 after everything is paid. If you feel trapped in a never-ending cycle of debt, you’re not alone. Fortunately, there are options to wake up