What is a payday loan? payday ready are generally short-term unsecured loans characterized by high interest rates that generally do not require a credit check. Although there is no exact and universal definition of the term, the US Consumer Financial Protection Bureau indicates that this type of loan is usuallyRead More →

Payday loans target consumers with no credit or low credit. According to industry research firm IBISWorld, the U.S. check cashing and payday lending industry is set to grow 5.1% in 2022. These high-interest loans promise quick cash until the next paycheck arrives, but they often create dangerous cycles of newRead More →

Trade Groups Challenging the Payment Provisions of the CFPB’s 2017 Final Rule on Payday Loans/Auto Titles/High-Rate Installment Loans (2017 Rule) filed their opening brief with the fifth circuit. The Business Groups appealed to the Fifth Circuit from the final judgment of the District Court granting the CFPB’s motion for summaryRead More →

OAKLAND PARK, Fla. (PRWEB) October 20, 2021 National Payday Loan Relief celebrates 15 years since they started the Payday Loan Consolidation Program. This program has helped thousands of Americans wallow in payday loan debt regain their financial freedom. Through this program, the company takes responsibility for settling an outstanding paydayRead More →

Image source: Getty Images Before visiting your local payday lender, consider the alternatives. If you’re looking for a small loan, you might be tempted to use a payday lender. After all, they make it look so simple: walk in, provide some basic information, and walk away with the money youRead More →

The key is to shop around and find a loan at the most affordable rate and with the most favorable terms possible. If you are able to get a personal loan, you can significantly reduce the interest rate and borrowing costs you pay compared to payday loans. More of yourRead More →

pathdoc / Shutterstock.com This story originally appeared on The Penny Hoarder. A payday loan can provide quick respite from unexpected expenses or a run of bad luck. But if you don’t have enough money to repay the loan on your next payday, you may need to take out another loanRead More →