Payday loans have got bad publicity for charging outrageously high-interest rates for years. It came under heavy criticism when unethical practices by Wonga came to light. Being accused of trapping credulous borrowers into an endless cycle of debt to extort money, the company had to close its doors and ever since, the FCA put a …
Continue reading “How are Payday Loans Different from the Other Loans?”
Wait! Wasn’t the word ‘unsecured’ meant for loans? Well, the word unsecured may apply to a good many things apart from a loan. Debts are unsecured too. This is the reason you see this post. The fundamental reason to say this is the presence of the collateral. The collateral is an asset against which a …
Continue reading “5 Kinds of Unsecured Debts You Need to Know”
Ensuring admission to the dream university is a dream come true for any parent and child. With admission, expenses like housing and accommodations, room and board, meals, commute, and other living essentials follow. Well, guardians may be well-off, but financing student education requires good savings back up. And hence, you may need a financial cushion …
Continue reading “Student Loan Vs Parent Loan: How do these terms differ?”
There is a lot to understand when you are taking out money. Yes, in times of need, it is the essential thing that can help us. We can derive unique benefits from it. But, at the same time, being careful of the source matters a lot. Banks and direct lenders (for this post, payday lenders) …
Continue reading “How You Can Differentiate Traditional Bank Loans from Payday Loans”
Payday loans are small emergency loans aimed at helping you tide over when your savings fall short of cash to meet unforeseen expenses. These loans seem to be the perfect choice when you need money urgently. You can get money without further ado directly in your bank account and getting rid of them by paying …
Continue reading “How Can Payday Loans Throw You into a Debt Trap?”
You need to be careful! We have come across this word ‘guaranteed loan approval’ many times in our lives. When we look for loans, we consider this one of the most attractive loan features. What else would make a borrower happy when a loan is approved in whatever conditions that borrower asks for the money? …
Continue reading “Is Guaranteed Loan Approval a Myth? Find out the Real Truth Here”
