A Vicious Cycle -The Payday Loan The payday loan trap & how to get out of it. If you’ve ever woken up in the sudden realization that you are flat broke, no money to pay rent, buy food, cover the expense of a broken down car or medical emergency then you are not alone. I … Read more
How Do Payday Loans Work? Ever wonder how payday loans work? Bills and other expenses can arise without warning. If your car breaks down, paying a mechanic for the repairs becomes unavoidable. What if you don’t own a credit card and lack liquid cash? People living paycheck-to-paycheck without any available revolving credit may be in … Read more
Borrowing Payday Loans – For some reason, it is widely believed that payday loans are only used by the poor & people with bad credit score. This is what researchers explored on and found to be untrue. Anyone can end up needing a loan, and payday loans commonly trap them into a cycle of debt. … Read more
