Every year, 12 million Americans take out payday loans, spending more than $7 billion on loan fees alone, according to research from The Pew Charitable Trusts. While people of all age... read more →
Unfortunately, millions of people get caught up in the cycle of payday loans each year — not realizing that many of these loans, when rolled over, carry annual interest rates of about 400%, making them nearly impossible to pay off.
If you’ve ever been strapped for cash and turned to a payday lender for... read more →
If you’ve ever received a random phone call from someone claiming that you are delinquent on a payday loan or other type of debt, and must make a payment immediately... read more →
Payday loans are a huge financial burden and if you’ve ever gone to a payday lender,... read more →
Q: What is the best way to start paying off huge credit card and payday loans? A: Here are a few tips for paying those payday loans and credit cards: - Tackle... read more →
Arkansas Attorney General Dustin McDaniel filed a consumer protection lawsuit against a Missouri man and two companies that control six payday loan websites offering loans to Arkansas consumers at interest... read more →
Here’s yet another reason to stay away from payday lenders: some of the more unscrupulous ones may try to illegally garnish your paycheck. That’s what the Federal Trade Commission has... read more →
Attorney General Lori Swanson filed lawsuits against five payday lenders that made loans to Minnesotans. The lenders were not licensed to make loans in Minnesota and charged excessively high annual... read more →
If you’re one of the tens of thousands of people who took out a payday loan online, you may stand to get some cash back soon. It’s not a lot... read more →
Today, payday lender Quik Cash was forced to pay $170,000 in restitution by the Arizona Attorney General to "eligible consumers" that were victims of consumer fraud. According to a news... read more →
Here are 5 alternative sources for cash to consider before using a payday lender: 1) Earn Cash By Being Neighborly Most of us are overworked and often overwhelmed -– and... read more →
The $40 billion a year payday loan industry is booming thanks to high unemployment and a lack of access to traditional bank credit. While most individuals typically think about payday... read more →
Q: What advice do you give to tackle payday loans? I have two at the moment and I can not afford to pay them both at the same time. A: Unfortunately,... read more →
For a single loan, payday lenders routinely charge interest rates of about 400% on an annualized basis. That’s a ridiculously high price to pay for “credit.” So why would someone... read more →
If you've never taken out a payday loan, great. Please never do. If you have, please don't ever do it again. If you absolutely need to borrow a small amount... read more →
