When You Can’t Repay a Payday Loan
If you don’t repay your payday loan, here’s what can happen: a barrage of bank overdraft fees, constant collections calls, hit after hit to your credit, a day in court…
Karen Aho
Posts by Karen Aho:
What Getting a Direct Payday Loan Means
A direct payday loan comes from a lender itself, not a broker that promises to find you a loan only after you submit financial information. Unlike direct lenders, these service…
What Is a Payday Alternative Loan?
Payday Alternative Loans, known as PALs, help small-dollar borrowers avoid the debt trap created by traditional payday loans. PALs are regulated by the National Credit Union Administration, which created the…
Payday Loans: How They Work, What They Cost
A payday loan offers fast cash for people who have an income, but bad credit. Payday loans are typically small, less than $500. But payday loans are the most expensive way to…
‘Good’ Payday Loans Still Very, Very Expensive
Has a kinder, gentler payday loan arrived? Traditionally, payday lenders offset the high cost of making short-term loans with annual percentage rates of 400% or more. A borrower who falls behind…
