Tiny Loans, Big Charges: Pitfalls of Pay Day Loans

Tiny Loans, Big Charges: Pitfalls of Pay Day Loans

Wish to have a little action toward enhancing your funds? Avoid payday loans!

Pay day loans are single-payment, short-term loans which are produced in return for delayed deposit (typically inside a fortnight) of a borrower’s postdated personal check (i.e., a seek the advice of a future date about it). These loans pass by a number of names that indicate that borrowers are getting money in advance of the future paycheck, including: payday loans, check advance loans, post-dated check loans, deferred deposit check loans, and fast money loans. Continue reading “Tiny Loans, Big Charges: Pitfalls of Pay Day Loans”