Justine Gray is a contributor to Pheabs, sharing more than 10 years of experience in the consumer finance industry across the US. Follow her guides for financial advice, money saving tips and more.
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Defaulting on a payday loan can have significant consequences that may create both financial and legal challenges for borrowers. Payday loans are short-term, high-interest loans designed to provide quick cash…
Yes, it is possible to get a payday loan with a 500 credit score. Payday loans are known for their accessibility and quick approval process, which may make them an…
Personal loans have become increasingly popular, acting as the fastest growing form of consumer lending in America. In fact, according to the Chamber of Commerce there are 21.1 million outstanding…
Payday loans, known for their high interest rates and short repayment terms, can be a source of financial stress for borrowers. As time passes, borrowers may wonder if payday loans…
Obtaining a mortgage is a significant financial decision that requires careful consideration and planning. Lenders assess several factors when evaluating mortgage applications, including credit history, income and debt obligations. Payday…
No, payday loans are not a trap if they are used responsibly. However, it is important to understand the potential risks and drawbacks associated with payday loans. While these short-term…
Choosing the right loan term is a crucial decision when obtaining financing. The loan term refers to the length of time you have to repay the loan in full, including…
Personal loans are a popular form of borrowing that can provide individuals with funds to meet various financial needs. Whether it's consolidating debt, covering medical expenses, financing home renovations, or…
Online payday loans are short-term, high-interest loans that are designed to help borrowers cover unexpected expenses or emergency costs between paychecks. Unlike traditional loans, which may require a lengthy application…
A payday loan is a short-term loan that is typically due on your next payday. These loans are usually small in amount, ranging from a few hundred dollars to a…