high interest

Most of the time, people get a payday loan because they can't get quick financing anywhere else. Unfortunately, the financial situation can worsen if the borrower is unable to repay what he owes.Depending on how long it's been since you…

It's become a cycle of desperation for low-income residents with bad credit scores: They take out a…

When you are strapped for cash, the promise of a quick and hassle-free cash payday loan can seem like an attractive option. But is it your only one?The Center for Responsible Lending calls payday loans “predatory” - for good reason. The…

The owner of a Miami-based payday loan company defrauded hundreds of investors out of millions and paid off others with money he acquired through a Ponzi scheme, according to a newspaper article and federal regulators. Around…

Payday loans can be a debt trap for borrowers who cannot afford to make payments. Here's how you can pay off your payday loan balance before it goes to debt collectors. (iStock) Payday lenders prey on borrowers with bad credit…

Financial hitches seem to always creep up on you when your cash flow is less than favorable. So much so that it’s almost like they can sense dwindling savings. Thankfully, online payday loan companies can cover you during those…

Payday loans provide a quick influx of money, but should be viewed as options of last resort. You could pay interest rates equivalent to…

OAKLAND PARK, Florida (PRWEB) 20 October 2021 National Payday…

Afterpay's new 'Retro' feature retroactively splits a payment into four instalments, which critics say is no better than a payday loan or payday advance. Announced on Wednesday and slated to launch next month, Afterpay's…

The key is to shop around and find a loan at the most affordable rate and on the most favorable terms possible. If you are able to get a personal loan, you can significantly reduce the interest rate and the borrowing costs that you pay…

pathdoc / Shutterstock.com This story originally appeared on The Penny Hoarder. A payday loan can offer quick reprieve from unforeseen expenses or a period of bad luck. But if you don't have enough money to pay off the loan on your…

When you are strapped for cash, the promise of a quick and hassle-free cash payday loan can seem like an attractive option. But is it your only one?The Center for Responsible Lending calls payday loans “predatory” - for good reason. The…

For the more than 12 million Americans who take out payday loans each year, the debt doesn't end with their next paycheck. In fact, data from the Consumer Finance Protection Bureau shows that over 80% of payday loan consolidation are…

Utah high-interest payday loan companies say pandemic is hurting their already struggling industry - where nearly one in three stores have closed in a four-year crisis amid tighter regulations . Critics say government aid for coronaviruses…

Select's editorial team works independently to review financial products and write articles that we think our readers will find useful. We may receive a commission when you click on links to our affiliate partners' products.Millions of…

Payday loans are short term loans with very high interest rates. In fact, the Consumer Financial Protection Bureau (CFPB) warns that payday loans typically charge an APR of around 400%. Unfortunately, since the costs of payday loans are…

Payday loans target consumers with no credit or with a low credit rating. These high-interest loans promise quick cash until the next paycheck, but they often create dangerous cycles of new loans to pay off old ones, draining finances and…

You have been made redundant but you still have to pay rent. You're running out of payment for your car and need a little extra help. Your electricity has been cut off and you must find a way to pay your overdue…

No one likes to be in debt, but it's even worse when it seems like there is no way out.This is what the 12 million Americans who take out payday loans each year generally feel. That's understandable, considering they pay around $ 9 billion…

What is a payday loan? A payday loan is a type of short-term loan where a lender gives high interest credit based on your income. Its principal is usually part of your next paycheck. Payday loans charge high interest rates…