Payday Loans

Kentucky Payday Loan Laws: The Ultimate Legislative Guide

Payday lending is still running rampant in many parts of America. State governments have the authority to prohibit the industry within their borders, and unfortunately, many still have yet to find it necessary. Though many Americans recognize and appreciate the damage that payday lenders frequently do to their borrowers, there’s still controversy over whether the

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In Over Your Head With Payday Loans? 13 Ways to Escape the Trap for Good

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 like you’re trapped in a never-ending cycle of debt, you’re not alone. And fortunately, there are options

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New Jersey Payday Loan Laws: The Ultimate Legislative Guide

Payday loans are short-term loans with no credit check that unqualified borrowers can use in emergencies. However, they’re highly controversial since their high finance charges often create more problems for borrowers than they solve. As a result, each state regulates them differently. Here’s how the New Jersey payday loan laws work. Stuck in payday debt?

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The Truth about Payday Loan Forgiveness: It’s Unlikely

With all of the headlines and squabbling recently over forgiving student loans, you may wonder whether there are any payday loan forgiveness programs. Unfortunately, the answer is probably no. While the Coronavirus Aid, Relief and Economic Security (CARES) Act offered some relief for financial hardship due to illness and/or unemployment caused by the pandemic, it

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California Payday Loan Laws: The Ultimate Legislative Guide

Payday loans have long been controversial for their tendency to trap borrowers in a cycle of debt. Unfortunately, individual states have the authority to regulate them within their borders, and many choose to allow the predatory industry to continue charging unreasonable interest rates. These are the California payday loan laws. Payday lending status in California:

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