Advice

Understanding the Debt Collection Act

Understanding the Debt Collection Act

If you are behind on paying your bills, you may soon be contacted by a debt collector. The debt collection is an act supervised by the nation’s consumer protection agency known as the Federal Trade Commission (FTC), which enforces the Fair Debt Collection Practices Act (FDCPA). This prohibits debt collectors […]

Read More

Top 5 Worst Payday Loan Companies

Top 5 Worst Payday Loan Companies

Although payday loan companies are meant to help people successfully get through a difficult situation, unfortunately there are many that take advantage of people in desperate situations. Many payday loan companies are illegitimate or have been caught grabbing cash from their customers’ accounts without permission. Still other shady payday loan companies are […]

Read More

The Truth about Payday Loan Interest Rates

The Truth about Payday Loan Interest Rates

Recently, more and more people are asking for the assistance of a payday loan company in order to solve their temporary financial troubles. As appealing as such companies tend to be in the beginning, you will soon realize that this quick fix can be yet another financial trap. When you learn the […]

Read More

Dealing with Payday Loan Debt Collectors

Dealing with Payday Loan Debt Collectors

So you agreed to a payday loan and now the company you chose is constantly trying to subtract money from your bank account. This is a common practice known as continuous payment authority. Payday loan companies, also known as lenders, are not allowed to collect this type of payments from you […]

Read More

10 Best Ways to Get Out of Payday Loan Debt

10 Best Ways to Get Out of Payday Loan Debt

For people who need urgent cash before their next payday, a payday loan is a great option to have. However, if you are not careful with your finances, it is easy to fall into a vicious cycle of having to use them repeatedly, and potentially racking up quite a bit […]

Read More

How to Cope with Multiple Payday Loans

How to Cope with Multiple Payday Loans

More than 12 million Americans take out payday loans, every year. So, if you’re in the process of paying back one of them, you’re certainly not alone. What makes payback even more difficult is the issue of multiple loans. Believe it or not, many people take more than 10 loans, […]

Read More

How People Get Trapped with Payday Loans

How People Get Trapped with Payday Loans

At the time they’re taken out, payday loans may seem like a lifesaver. While some borrowers are able to pay the money back, without dire consequences, many borrowers get into a payday loan trap that they can never seem to get out of. Keep reading, to learn more about the […]

Read More

Do Payday Loans Affect Your Credit Rating?

Do Payday Loans Affect Your Credit Rating?

Many people turn to payday loans, when faced with a financial emergency. Others borrow the money to cover expenses such as credit card bills and utility payments. These high-interest loans, which are typically easy to get, don’t affect your credit score when you apply. However, in the event you find […]

Read More

Dealing with Unlicensed Payday Loan Lenders

Dealing with Unlicensed Payday Loan Lenders

There are thousands of payday loan lenders, situated across the United States. Unfortunately, many are currently operating without a license in all of the states they’re doing business. For desperate borrowers, this can make a bad situation even worse. The good news is that, if you discover you’re doing business […]

Read More