14 Useful Tips on How to Fight Depression

14 Useful Tips on How to Fight Depression

According to Finder, about 12 million Americans apply for payday loans every year. Quite naturally, they take them out for sure, within 24 hours. Are all of them depressed? Of course not. Meanwhile, the obvious correlation between poverty, unemployment and depression on the one hand, and low income, poverty and debts on the other hand exists. Basic Depression Causes According to the recent Gallup’s survey (conducted in 2013) that was based on 356,599 Americans polling, people who have been unemployed for a long time, are much more likely to be depressed. Thus, only 11.1% of respondents who have been unemployed […]

Does the New Generation Deal with Own Finances in the Other Way than the Old One?

Does the New Generation Deal with Own Finances in the Other Way than the Old One?

Times have massively changed and the new technologies initiate new habits and practices. It often makes young people behave in the other way than their parents and grandparents did. They manage their family budgets, real estate and devices quite differently. For example, payday loans become very popular nowadays, and multiple low-income Americans take them several times a year due to the urgent necessities or just to buy essentials before the planned paycheck receipt. The Basic Expenses Within the Family Budgets As the life is changing, the way we deal with our basic needs is becoming different, as well. The people […]

910% Payday Loan Interest Rates Are Allowed by the Bill

910% Payday Loan Interest Rates Are Allowed by the Bill

Missouri House Committee considers payday lending industry regulations nowadays. The debates took place during April 2018, and the Committee for Financial Institutions is going to regulate the current payday lending industry. The bill that aims to protect the interest of the low-income and poor families within the state but still maintains status quo for the lenders was passed last week. The enactment is sponsored by the state representative, Mr. Steve Helms, who is the chair of the Subcommittee on Short-Term Financial Transactions. Mr. Helms declares that the bill is to address only the crudest payday lending abuses, but the consumer […]

How to not to Get into a Payday Loan Trap?

How to not to Get into a Payday Loan Trap?

Nowadays, popular payday loans that are great in multiple essential situations are often considered to be not really beneficial. They are restricted or completely prohibited in multiple US states. The rules and regulations were issued and implemented due to extremely high annual interest rates. 12 million existing payday borrowers throughout America complain about unaffordable fees and the payday lending market that is not price-competitive. Having got a small loan amount due to an emergency such as an injury, household equipment breakdown, car accident, and being unable to pay back the credit very soon, borrowers are forced to apply for the […]

Installment and Payday Loans Comparison

Installment and Payday Loans Comparison

Since fast and easy to get payday loans are restricted by the recent rules and regulations, the lenders are shifting into the other lending industry specializations. Trying to get the significant benefits, but being unable to receive the high-interest rates, they turn their attention into the installment lending market. These short-time, urgent and emergency credits are similar in terms of the debt liabilities the borrowers undertake, being often unable to repay them in time. However, these loans have some differences and particularities. Payday Loans Basics Payday loans are commonly short-time credits for the amounts of about $100-$1,000 that are to […]

Payday Lending is Restricted. What Can Borrowers Do Now?

Payday Lending is Restricted. What Can Borrowers Do Now?

Payday loans are great, bailout opportunities for low-income households or part-time workers. They have been widely available in multiple storefronts in South Dakota till the recent times. However, since the state law was introduced in November 2016, the lenders are to meet several obligatory conditions to operate legally. That’s why, this activity became unprofitable, and most payday loans proponents have gone away. What to do now in case of financial emergency? The Basic Short-time Lending Industry Restrictions The measure that is called Initiative IM 21 was actually designed for the customers’ protection. The reason is that the interest rate for […]

Several Useful Tips on Maximizing Your Annual Tax Return

Several Useful Tips on Maximizing Your Annual Tax Return

When you experience a temporary money squeeze due to unemployment, low incomes, part-time jobs handling or an emergency, payday loans are great, bailout opportunities. However, they have some significant drawbacks as they are to be paid back shortly and with high interest. Meanwhile, another perfect way out exists. To avoid financial woes, improve your 2018 tax situations, maximizing the tax refund. How to do it? Just follow several financial expert tips. The Proper Timing Studying the relevant tax laws and rules, pay attention to the dates to declare your incomes and pay the mortgages or payday loans. The last year […]

Baylor Students Raised Voice Against Payday Loans

Baylor Students Raised Voice Against Payday Loans

Students of the private Baptist Baylor University that is located in Waco, Texas protested against the enormous debt burden. They have created the colorful image on the pavement, depicting the debt abyss that becomes an unpreventable trap for the borrowers and took selfies on its background. They wanted to communicate the metaphor about the conditions of the credit users after they take out payday loans for their educational or house rental needs. That’s why they signed a petition, claiming for strict payday lending market regulations, focusing the community attention on the cash-strapped students’ needs. The Debt Situation in the College […]

Do Payday Loans Actually Cause Health Issues?

Do Payday Loans Actually Cause Health Issues?

Taking out various loans that are commonly called “fringe” ones is a standard practice for low-income and part-time workers. These employees just can’t make both ends meet and have to face an emergency or a financial challenge without such short-time credits. The scientists are trying to find the link between payday loans and the borrowers’ health condition. The Research Basics The study was conducted by the University of Washington; the research showed that the Americans who are either unbanked or unable to use official financial services feel worse or less healthy than the customers with personal bank accounts or significant […]

Payday Loans vs Title Loans: Which Ones are Preferable?

Payday Loans vs Title Loans: Which Ones are Preferable?

We always try to plan our family budgets carefully, having some savings and restricting our expenses, as they should not exceed our revenues. However, in a case of any financial emergency, we urgently need some money to solve the problem. Sudden injury, car accident or household appliance breakdown could make us look for a loan to take on immediately. Thus, title and payday loans are the most suitable opportunities that have something in common, being different and preferable for the special situations. Common Features Both loan options are fast, convenient, confidential and discreet. They are easy to apply, only with […]

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