Payday loans should always be your last resort. They’re shockingly expensive, often bordering on predatory, and tend to trap people in a cycle of debt. Before considering using one, explore all the other options available. These are the five best online payday loans for borrowers with no other options who simply must take out a …
Best Online Payday Loans: 5 Reputable Lenders + (Better) Alternatives Read More »
If you’re in a tight spot financially, you might turn to payday loans to help cover expenses in the short term. As with most loans, payday loans do have implications on your credit scores, which can impact your ability to get loans — payday and other types — in the future. Payday loans can and …
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 …
Surprisingly, yes. It turns out unemployed people can indeed apply and qualify for payday loans. But despite this, it’s not all good news. Payday loans come with a huge caveat (spoiler: they are expensive) that could ultimately prove to be your biggest financial undoing. The most important question to ask yourself before you take out …
Suddenly laid off, hit with a significant household expense, short on rent, or saddled with a medical emergency, and don’t have enough cash to cover the costs? We’ve all felt that panic and desperation. Some people are lucky to have access to many different loan options to bridge this gap; others don’t have to turn …
According to NBC News, there are more payday lenders in America than there are McDonald’s restaurants. With 20,000 locations across the country, chances are you have a payday loan storefront in your area. You may be tempted to search online or run to the nearest payday lender and request a loan when times are tough. …
Doing Your Best to Avoid Payday Loans? Here are 15 Alternatives Read More »
A common question anybody struggling with payday debt has asked is, “Can I get another payday loan if I already have one?” The short answer is that yes, you can usually get another payday loan. However, it will likely not be from the same lender, and the terms will be even worse than your original loan. …
If I Owe a Payday Loan, Can I Get Another? Yes, But You Probably Shouldn’t Read More »
Are you facing a financial crisis and considering taking out a payday loan? And have you been wondering why so many people think these loans are a terrible idea? And what does “payday loan debt trap” mean, anyway? You’re in the right place. In this guide, we’ll explain what a payday loan is, what risks …
While not technically a bank, Chime works similarly to one. Because of this, many payday lenders will accept Chime for ACH transfers, such as deposits and direct debit of funds. If you’re looking for the best cash advance apps or payday loans that work with Chime, here are your options: Disclaimer: Credit Summit may be …
If you’re stuck in the payday loan debt trap, it may feel like you don’t have any options. What happens if you don’t have the money to repay your payday loan on the due date? Can you get an extension? What Can I Do If I Can’t Repay My Payday Loan? Payday lenders are fully …
