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.

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.

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?

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.

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.

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.

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.

Short History of Payday Loans in the USA

Short History of Payday Loans in the USA

As people always needed to lend money, some primitive forms of loans existed for ages. Bar tabs, personal lenders, pawnshops, loan sharks helped families that suffered from the financial crisis. Store credits for alcohol and food were common, as the small, neighborhood businesses aimed to attract customers, but not to get enormous income this way. Meanwhile, since the payday loans officially exist, the industry is normalized by the strict FICO rules and fair market forces. Deregulation and internet loaning certainly influence the industry, as well, so the available interest rates are high, but quite standard nowadays.

Multiple Americans Lack Savings to Pay the Bills

Multiple Americans Lack Savings to Pay the Bills

Most American families try to plan their budgets quite accurately. Employees that work for large corporations and entrepreneurs that run their small businesses estimate their monthly bills and revenues. They try to spend money, restricting the expenses in order that they don’t exceed the revenues.

Beneficial Alternatives to Payday Loans

Beneficial Alternatives to Payday Loans

Nowadays, after the significant economic recession, multiple Americans find it difficult to get by due to small paychecks, part-time or gig jobs. On the back of this situation, small banks and local credit unions offer immediate loans at not too sky-high interests.

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