Posts Tagged ‘fees’
Credit Card Loopholes
With the Credit Card Accountability Responsibility and Disclosure Act of 2009, which took effect on Monday now in play even more loopholes are being brought to light. With the constant talk of payday loan lenders corrupting the financial industry
Debt dealing in the new year
With the holiday season over and a new year beginning, Americans will soon be putting away their holiday decorations and getting back to the normal life. Many resolutions will be made for 2008, and many people will resolve to get out of debt. Making the resolution to get out of debt may be easy at the stroke of midnight but when the bills from holiday spending roll in many may wonder how they will ever keep this resolution.
The Lies About Payday Loans
Payday loans compare favorably to many of the consumer alternatives that are offered. Many government officials that are pushing for state and federal regulation of the payday loan industry would like you to think that your being taken advantage of. The truth of the matter is, the high interest rates of these two week term loans performs better than you may think.
Late Fees Vs. Payday Loans
Two of the most common uses of the Payday loan are emergencies and financial upheaval. Many people find themselves in situations needing to pay bills that are over due to avoid costly late fees. These situations cause the cash advance concept to look most appealing.
The real question is then, are late fees better or worse than the payday loan? The answer is very situational with multiple elements affecting the decision.
