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A $1,000 payday loan might sound like a quick fix, but sky-high fees and short terms can make it an expensive trap.
It's possible to borrow a large sum, but you'll need to meet the requirements.
Struggling to repay a payday loan? Here's what to expect — and how to break free from this debt cycle for good.
Payday loan scams to watch out for The BBB report lists a few different scenarios that make up more 3,000 payday lender-related scam complaints received since 2019.
Payday lenders took in $2.4 billion in fees from cash-strapped consumers in a single year, a report from the Center for Responsible Lending (CRL) finds.
Payday loans to cover mortgages and car loans are risky. Learn about the dangers of high-interest loans and discover better ...
These payday loan apps provide high-cost, short-term loans — some as small as $25 — and automatically deduct repayment from the borrower’s next paycheck.
A payday loan is a short-term, unsecured loan for urgent money requirements until the borrower's payday comes, meaning that it is an advance on wages.
The Indiana House approved a measure that would allow payday lenders to loan up to $5,000 at rates as high as 149%.
Payday lenders argue that repeal would eliminate a necessary credit option for many Rhode Islanders. Opponents contend payday loans create a cycle of debt, citing personal experiences.
Earned wage advance apps are exploiting vulnerable Americans with high-interest debt, warns Consumer Financial Protection Bureau and advocates.