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Reasons you might need to apply for a payday loan
There are many reasons a person may need to apply for a payday loan. Payday loans, or short-term loans, are easily accessible loans that don't require a particularly high credit score to get. If approved, they can be paid in hours.…
93% of payday loan borrowers regret taking their loan, survey finds
Payday loans can be a debt trap for borrowers who cannot afford to make payments. Here's how you can pay off your payday loan balance before it's sent to debt collectors. (iStock) Payday lenders prey on borrowers with bad…
Survey: 90% of borrowers regret having taken out a personal loan
DebtHammer.org results show 80% say their short-term loan has made their financial situation worse instead of helping it
Low-income households find saving impossible, but with the right strategy, it…
What is a payday loan?
Payday loans provide a quick influx of cash, but should be considered options of last resort.
You could pay interest rates equivalent to…
State law causing payday loan stores to close
"Out of business." This sign is nothing new in the last 18 months.
Thanks to the coronavirus pandemic, sales for many merchants have dried up, doors have been closed and employees have been laid off.
But across Illinois, a state law…
Afterpay-Westpac ‘Retro’ painted with payday loan brush
Afterpay's new 'Retro' feature retroactively splits a payment into four instalments, which critics say is no better than a payday loan or payday advance.
Announced on Wednesday and slated to launch next month,…
Where can I get a payday loan?
Image source: Getty Images
Before visiting your local payday lender, consider the alternatives.…
Can’t repay a personal loan? What should you do? Here are your options
Your options when you can't make your payments
What options do you have when you're struggling to make your payments on a bad credit loan? First, you must admit that there is a problem for yourself.
No doubt you'll try to think of…
Payday loan alternatives are becoming more widely available
In perhaps the most unprecedented change, the Consolidated Appropriations Act of 2021, designed to provide financial relief during the pandemic, included $3 billion specifically for the CDFI Fund, which provides…
How to get out of payday loan debt now
The key is to shop around and find a loan at the most affordable rate and with the most favorable terms possible.If you are able to get a personal loan, you can significantly reduce the interest rate and borrowing costs you pay…
Alternatives to payday loans | The motley fool
How does an alternative payday loan work?Alternative payday loans (PAL) are low value loans offered by federal credit unions. PALs are permitted by the National Credit Union Administration as long as certain guidelines are…
Perfect Payday Loan Review
Are you in financial difficulty?
If you are having financial difficulty and would like to speak to someone for free financial advice, information and assistance, you can call the Financial Advisors Hotline…
Best Payday Loan Alternatives for Military Personnel – The Dough Roller
MMilitary members and their families do so much to serve our nation that it is surprising to find that they are being unfairly targeted by predatory moneylenders. But it is in fact the case. The Consumer Federation of America recently…
Why payday loan use is on the rise during the pandemic and how you can avoid it
Payday lenders targeting low-income people are nothing new. Short-term, high-interest loans which are often intended for minorities in rural areas, have the potential to create a spiral of debt from which many find it difficult to…