Whether it’s $1,000 or $20,000, dealing with debt isn’t a situation anyone truly wants to face. If you find yourself stuck, there are ways to get out of that financial black hole and pay off that $20,000 in credit card debt — or however much you may owe. Struggling with credit card debt? Credit Summit …
9 Simple Ways to Pay Off $20K in Credit Card Debt Read More »
Although taking out a payday loan may seem like a quick solution to a temporary cash shortfall, it often sends borrowers deeper into debt. In fact, 80% of borrowers must roll over their payday loan or apply for another loan to cover the original payday loan. That means only 20% of borrowers can afford to …
Can You Go to Jail for Not Paying a Payday Loan? Read More »
About 12 million Americans take out at least one payday loan yearly to help cover their bills between paychecks. On the surface, they seem like a great way of getting through a crisis. But they quickly leave borrowers trapped in a cycle of debt, making them wish they’d never taken out the loan in the …
What Are Payday Loans + 11 Most Popular Payday Lenders Read More »
If you’ve diligently paid down your debts, you probably don’t have to worry about debt collectors. If you miss a payment, however, you might get an alarming notice that you owe money to a company you don’t recognize. Don’t panic. Your creditor has likely sold your account to someone else, for example, LVNV Funding, LLC. …
What is LVNV Funding LLC? Why is it on My Credit Report? Read More »
Opploans offers “online loans designed for you” with same-day funding to borrowers with bad credit in 37 states. But is Opploans legitimate, or just another payday loan lender that will leave you trapped in a cycle of debt? Opploans at a Glance APR Range 5.99% to 35.99% Loan terms Six months to three years Loan …
Is OppLoans Legit — Or Just a Payday Loan Company? Read More »
Payday lenders make all sorts of threats, but can they actually follow through and take you to court? If you’re stuck in payday loan debt, you’ve probably gotten your fair share of threatening collection calls. And being threatened with a lawsuit is particularly scary. Courtroom trials may look glamorous on TV, but the courtroom is …
Credit cards can be both a blessing and a curse. Being able to fund whatever you need in the moment can truly be helpful, especially during emergencies. Unfortunately, it is much harder to pay off the debt you’ve racked up than it was to build it. And Americans have racked up a lot of credit …
14 Ways to Get Out of Credit Card Debt Without Destroying Your Credit Read More »
From payday loans to credit card debt, most Americans owe money in one form or another. In 2022, U.S. consumer debt hit $16.51 trillion. Juggling multiple high-interest payments can leave many borrowers struggling to stay afloat. Wouldn’t it be great to consolidate them into one single loan with one monthly payment? You can. Here are the best companies to help you …
Here are the 4 Best Payday Loan Consolidation & Relief Companies Read More »
If you’re looking for an instant loan and have bad credit, a lot of the search results may start to look pretty similar. You’ve entered the world of online tribal payday loans, and there’s danger ahead. Disclaimer: Credit Summit may be affiliated with some of the companies mentioned in this article. Credit Summit may make …
It’s difficult to ignore the TV reports and headlines about the many financial scams and fraudsters out there targeting vulnerable Americans, and payday loan scams are particularly notorious. Don’t become a victim. Learn to recognize these signs of common payday loan scams. Common Payday Loan Scam Tactics How do you know if the company offering …
