Why Leaving Your Credit Cards Inactive May Be Dangerous

Why Leaving Your Credit Cards Inactive May Be Dangerous

However, not all of them are usually used on a regular basis. The general rule is to try not to lend too much, so as not to be burdened with crippling debts. That is why it is often an option to put some of your available cards into a drawer and forget about them until the need for more money arises. However, this approach may be financially dangerous. Of course, using fewer credit cards means fewer debts, but this out-of-sigh-out-of-mind approach may well lead to trouble. There are two main reasons for staying vigilant about your inactive card. Beware of […]

How to Get Rid of Your Credit Card Debt

How to Get Rid of Your Credit Card Debt

While many believe that the amount of time it takes to pay off a credit card debt relies on the size of the owed sum or income, the reality is that with meticulous planning paying back faster is more than possible. One of the recent cool ideas from scientific minds is that you need to restructure your thinking and use a system to ensure that you pay off your debt as quickly as possible. Theresa Kuchler and Michaela Pagel created a free-of-charge service called ReadyForZero.com. One of the main goals of this new web platform is to help people organize […]

I Can’t Repay My Loans. What Should I Do?

I Can’t Repay My Loans. What Should I Do?

When you are going to take a loan, your main task is to make sure that you have enough funds to repay it on the agreed day. But it can happen that one day you understand you can’t pay it back. Most of payday loans must be paid back in one payment. A payday loan default can easily lead you to the loads of overwhelming bank fees, collection agencies’ calls, visits with demands of money, bad credit history and even court cases.

Ohio’s Lawmakers Are Pushing for Limitations for the Cash Lending Industry

Ohio’s Lawmakers Are Pushing for Limitations for the Cash Lending Industry

The recent initiative that was started by Ohio’s House of representatives is a House Bill 123 which was, surprisingly, suggested by republicans. This is a very interesting development for the whole industry as it finds itself under hard pressure from several directions. In Ohio, interest rates are amongst highest in the country. The annual interest may reach a staggering 591% which is a very high even for short-term payday loans.

5 Most Important Pros and Cons of Personal Loans

5 Most Important Pros and Cons of Personal Loans

A personal loan can be beneficial to many people. However, it is of utmost importance to understand both advantages and disadvantages of taking out a loan. This is especially true if you are heading into a soon retirement. Let’s talk about some pros and cons of taking a loan after hitting that 40-year mark.

How to Deal with Unexpected Expenses? 5 Useful Tips to Fight with Financial Troubles

How to Deal with Unexpected Expenses? 5 Useful Tips to Fight with Financial Troubles

We always try to plan family budgets carefully, feeling good when everything goes as expected or scheduled. Meanwhile, upon receipt of unexpected bills, mood commonly fades. Living from paycheck to paycheck, multiple Americans find it to be not easy to meet the ends and any financial emergency could become a daunting challenge.

Best and Worst Payday Loans Alternatives

Best and Worst Payday Loans Alternatives

Payday loans are preferable during a financial emergency or when you need the money immediately. The fast credit can be provided unconditionally, even if your credit history is bad.

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.

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.

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.

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