Payday lending has been a problem in this country for decades, almost since its very beginning. Since each state has the right to regulate the industry within its borders, it’s nearly impossible for the country to come to a consensus on the best plan of action. The lenders haven’t waited for legislators to decide their …
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The short-term, high-interest loan industry is alive and well in America, despite the ongoing efforts to get it under control. America’s state governments have the power to regulate lenders within their borders, but some of them don’t play by the rules. As they transition out of storefronts and onto the internet, it’s becoming even harder …
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An often-cited survey by the Federal Reserve in 2017 showed that up to 40% of Americans would be unable to cover an unexpected $400 expense. Whether that’s due to a lack of self-discipline or factors outside of their control, it often leads people to resort to short-term loans like the ones Inbox Loan provides. Before …
Have you ever done the math to see how long you could pay your bills without bringing in any money? For most Americans, the answer is less than a month. In 2020, 70% of the respondents in a survey stated that they would have difficulty keeping up with their financial responsibilities if they had to …
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In 2020, roughly 70% of Americans were living paycheck to paycheck. If their earnings were late by just a week, they’d have difficulty meeting their financial obligations. Operating on such a thin margin is what leads people to turn to companies like Evergreen Services. They promise easy and fast cash, but can you trust them? …
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Over the past decade, online lenders have taken the credit industry by storm. In 2017, over 73% of loans to new customers originated online. Storefront lenders are now a dying breed, but online lenders are multiplying exponentially. There are an endless array of options to choose from, whatever your needs and creditworthiness levels are. That …
The long-term average savings rate in America is just under 9%[1]. At that level, it would take almost a year and a half to save up $5,000 on a $40,000 after-tax income. It’s no wonder that so many Americans resort to debt to help them pay their bills when they struggle so much to build …
Taking on debt is a risky proposition. If you choose the wrong lender, you could wind up in more financial trouble than you were in before. That’s why it’s always best to thoroughly research a provider before doing business with them. It can tell you what you can expect to pay, how prior customers’ experiences …
Americans aren’t great at saving money. The average savings rates reached an all-time high of 33% in April 2020 due to the COVID-19 pandemic. But it’s fallen ever since and is hovering around 7.3% That widespread lack of financial cushion makes online lenders like Oxford Financial Services a tempting way for many people to cover …
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Are you looking for some fast cash to help cover your bills? If so, online lenders are a convenient source of financial support. Unfortunately, many of them are more trouble than they’re worth. Some of them charge such excessively high fees that they can quickly trap you in a cycle of debt, so do your …
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