These payday products trap consumers in a cycle of debt that is often too much to bear with exorbitant interest rates and a complete lack of underwriting.
Why You Should Avoid Pay Day Loans
There are numerous reasons everyone should avoid pay day loans. Certain, they appear attractive. Get cash today, at almost no expense, and repay it in the future.
It may look just like a decent deal. You may also think or realize that you’ll be in a position to repay the mortgage. Unfortunately, you to payday on a Monday, it’s highly unlikely you’re going to have the $585 required to pay the loan two weeks later if you’re borrowing $500 to get. Continue reading