Posts Tagged ‘payday advance’

Is A Payday Loan A Debt Trap?

For those of us who have been trapped in debt before; it’s not fun! Credit cards, car loans, or borrowing from friends can make us feel like we are stuck in a financial black hole. A payday loan can make us feel the same way if we aren’t careful. What is a payday loan anyway?…

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A Payday Loan Is Not Meant To Reduce Credit Card Debt

Is reducing your credit by getting a payday loan a smart way to handle your finances? Payday loans are short-term cash advances that are to be paid back with the borrower’s next paycheck. They too are considered a form of credit in that you are borrowing with the assumption that you will pay back. Borrowing…

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Payday Loans Don't Carry Special Offers Like Credit Cards

Getting a payday loan is pretty cut and dry: apply online or in-store, give the lender information about your job, monthly income and bank account, get approved and have your money in the bank the next business day. In unique cases, it may take a little longer but over all, it’s the fastest and most convenient way to get cash in…

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Don't Take Out A Payday Loan Because You Got Ripped Off

Let’s face it, we all like a good deal but when it comes to handing over some serious cash, it’s important to know who and what your spending your money on. A payday loan shouldn’t have compensate for you getting duped on “a good deal”. Dubious deals come in many forms so knowing what offers are actually…

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Is There Something The Payday Loan Debt Collector Isn't Telling You?

Debt collection is a huge industry these days with 30 million Americans having an average of $1500 in collections. Payday loan collectors have become part of the debt collection industry that spends countless hours making phone calls, sending emails, mailing letters and searching for debtors on the Internet and social media sites. When a debtor goes into default with their payday loan,…

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