Payday loans are the most expensive form of credit money can buy. In fact, licensed payday lenders are even more expensive than illegal loan sharks.
Online payday loans can also expose you to identity theft and fraud.
Payday loans should only be used as a last resort after all other options have been exhausted.
Listed below are ten payday loan alternatives…
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Payday loans are short-term, high-interest loans with numerous pitfalls and traps.
These include financial, legal and personal information risks.
Listed below are ten payday loan pitfalls…
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Due to the popularity of our article Sixteen Differences Between Payday Lenders and Loan Sharks, we decided to compare payday lenders and credit card companies…
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Although payday lenders charge usurious rates of interest much higher than loan sharks, payday lenders are licensed, legal and (hopefully) pay their taxes in full.
Loan sharks, on the other hand, are illegal, unlicensed and do not pay taxes.
On this day, let us remember that the profits from transactions with illegal lenders promote organized criminal activity and may put American lives at risk…
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