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Category: Loan Consolidate

How can you get out of the payday loan debt trap?

How can you get out of the payday loan debt trap?

Posted on October 11, 2018January 25, 2022 by Catherine Bruke

Approaching payday loans can be easy, but paying back the debt can turn out to be a damn costly affair. Many experts say that it can put you in a debt trap due to high-interest rates. The process, though, is easy but later on, it can cost you a lot more, especially if you delay […]

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11 Effective strategies to eliminate payday loan debt trap

11 Effective strategies to eliminate payday loan debt trap

Posted on October 9, 2018January 25, 2022 by Catherine Bruke

Many people who go through mid-month financial crisis prefer to take out payday loans to meet their needs immediately. Though payday loan helps to meet the urgent money need, in reality, they carry outrageously high-interest rates. These loans are easy to obtain but can lead the borrower into a perilous cycle of debt. You have […]

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How much an unpaid payday loan can affect your credit?

How much an unpaid payday loan can affect your credit?

Posted on October 4, 2018January 25, 2022 by Catherine Bruke

Before knowing the effect of an unpaid payday loan on your credit, you need to find out what is a payday loan and how it works. What is a payday loan? A payday loan is a small unsecured cash loan with a short tenure. A borrower may get this loan against a post-dated personal check […]

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Why end up in payday loans when you have better alternatives?

Why end up in payday loans when you have better alternatives?

Posted on September 27, 2018January 25, 2022 by Catherine Bruke

Payday loans are the worst form of credit that you can ever take out to cater your financial needs. That’s the end of the discussion! I believe I should stop right here as I have made myself clear! But, I can’t. Say why? Because, even though many of us understand that payday loan is dangerous, […]

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Where is the US debt standing in 2018, and what to do about it?

Where is the US debt standing in 2018, and what to do about it?

Posted on September 25, 2018January 25, 2022 by Catherine Bruke

The US national debt is all set to pass the tipping point! Currently, our nation is the biggest debt carrier in the whole world where the US alone is having a 31.8% share of the global debt! Our national debt has touched $21 trillion, as of the second quarter of 2018! What does it mean […]

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