In general, payday loans are short-term loans for a small sum, usually about $500, where the payment is due on the next payday. They are advertised between paychecks as a helpful bridge. Payday loans, though, come with payments that equate to ultra-high percentage annual rates, or APRs. How payday loan consolidation works You’ll take out
Category: Payday Loan Relief
What are the Benefits and Drawbacks of Payday Loan Consolidation?
January 14th, 2021 by highdebt1Why Should I Consolidate My Payday Loan?
January 8th, 2021 by highdebt1Payday loans are short-term unsecured loans, mostly distinguished by higher interest rates that tend to add up as months go by. The borrowing amount is most of the time small as compared to other loans; Most average $500 or so. The repayment of a payday loan is expected from your lender on the next payday.
Myths About Payday Loan Consolidation
December 24th, 2020 by highdebt1If you are thinking about payday loan consolidation then you might be concerned about some of its facts and myths. Today, we are going to cover some of them for you. What is a Payday Loan? A Payday loan, also called short term loan, is a type of loan where people borrow money for a
Why Payday Loan Consolidation Will Help You This Holiday Season
December 17th, 2020 by highdebt1What are payday loans? Payday loans are commonly short-term loans for a minimal amount, normally starting from $500, of which interest is payable on next payday. They’re being promoted as a beneficial connection across salaries. Whenever you need quick cash, a payday seems to be the best option. But the interest rates of payday loans
Are The Holidays The Best Time To Consolidate Your Debt?
December 11th, 2020 by highdebt1Debt consolidation during the holidays. Yes or no? Are there too many debts that you are looking after? Is the situation stressful day by day with different notices? If you are struggling with bad credit and piling up loans and thinking about some solution, you might consider debt consolidation. Debt consolidation or credit consolidation is
Will Payday Loan Consolidation Help Me Financially During The Holidays?
November 25th, 2020 by highdebt1Whenever you need quick cash, a quick payday loan would seem like a convenient option. If you can’t make your debt payments within the deadline, your condition will suddenly get even worse, and you will pay back a lot more than you’ve lent. Interest payment and fines for missing repayment on a payday loan will
What Are Payday Loan Alternatives?
November 20th, 2020 by highdebt1Whenever you need to take out a loan and plan on getting a payday loan, stop thinking about such choices. Although simple to acquire, a payday loan can instantly turn into financial difficulty for most people. That will even impact your credit record if you don’t repay the loan on time. If you’re unable to
Why Payday Loans Will Hurt You In The Long Run?
November 6th, 2020 by highdebt1Payday loans are a popular form of a loan. These are essentially short-term loans, which are guaranteed for a fixed period of around two weeks. Various names of payday loans include emergency loans, paycheck advances, postponed payments, low credit loans, cash advances, short-term loans, and payday advance loans. People with less income can get help
Should I Consolidate My Debt Before The Holidays?
October 30th, 2020 by highdebt1Payday loan consolidation allows people to pay off multiple short-term loans using a larger loan. A payday loan debt can limit your expenditure, especially during the holidays. The question you are probably asking yourself is, should I consolidate my payday loans before the holidays? The holidays can be a big expense even for those not
What are my options if my payday loans get out of hand?
October 23rd, 2020 by highdebt1Payday loans are being advertised as a quick help to get some cash in a pinch for people with bad credit. Payday loans are normally small loans but come up with astronomical interest and fees if you are not going to pay these on time. Getting your payday loan debt off seems pretty tough. Despite