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How Not to Pay Off a Payday Loan
Posted March 11th, 2010 by Mary D - no comments
The payday loan is usually the highest-interest type of credit out there. You’re going to, in many cases, pay several hundred percent Annual Percentage Rate in interest on this type of loan. Yes, a payday loan is a legal and legitimate type of loan, but it’s certainly not the first place you turn to for [...]
Read More →How To Pay Off Your Payday Loans
Posted March 10th, 2010 by Mary D - no comments
It won’t do any good to preach at you about all of the interest you’re paying on your payday loan. The fact of the matter is that, if you could pay off your payday loan, you probably would. Most folks that take out a payday loan wind up renewing the loan at least once or [...]
Read More →Legitimate, Legal and Undesirable
Posted March 9th, 2010 by hockeypuck89 - no comments
We live in an age of scammers. There are folks pretending to be Nigerian princes, people accepting donations for fake charities and identity theft. These practices are illegal, and law enforcement sometimes have a hard time just keeping on top of complaints, much less catching the crooks that perpetrate these crimes.
The payday loan area is [...]
Payday Loans: A Tax for People Who Are Bad at Math?
Posted March 1st, 2010 by stripes39 - no comments
Some people really hate payday loans. Others just loathe them. Payday loans are, in a very limited number of circumstances, a viable method of last resort. They should never be your first choice.
Yet, some folks continue to take out payday loans, and sometimes to take them out week after week. They argue that the payday [...]
Why Payday Loans Rock
Posted February 26th, 2010 by stripes39 - no comments
OK, I know. Everyone else out there is telling you that payday loans are straight from the pits of hell, that they were designed by a secret Nazi-Soviet alliance of evil accountants to break down the American financial system. To some degree, these theories are probably right. Some states have even banned payday loans outright, [...]
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