Payday Loans

Automatic loan payments can be a good way to stay on top of monthly bills. However, payday lenders use automatic payments as a form of securement for their unsecured loans. So, what should you do if your payday lender requires you to set up automatic debits from your account, and you don’t always have the …

How to Stop Automatic Payments on a Payday Loan Read More »

A payday loan can seem like a quick and easy way to make ends meet while you wait for your next paycheck. The loan amount is usually small. You’re meant to pay it back on your next payday. But many people often find that when payday rolls around, they need the money in their paycheck …

EPP Loans: All About Payday Loan Extended Payment Plans Read More »

Loans typically fall into one of two categories: installment or revolving, depending on how a borrower takes and repays them. Learn more about installment and revolving loans and which category payday loans fall under. What is an installment loan? When a borrower applies for an installment loan, they borrow a lump sum of money, such …

Is a Payday Loan an Installment or Revolving Loan? Read More »

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 …

The DebtHammer Newsletter: Issue #2 Read More »

Payday loans are dangerous forms of credit that often take advantage of people at their lowest. Taking one out can easily cost borrowers much more than they originally borrowed and trap them in a cycle of debt. Instead, consider a payday alternative loan (PAL), a better option for meeting short-term financial needs. What is a …

What is a Payday Alternative Loan (PAL) and Why are They Better Than Payday Loans? Read More »