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The Pros and Cons of Payday Loans
By Matthew Richenthal

Are payday loans helpful or harmful? There are multiple views on this topic. Let's analyze each side of the debate and determine whether or not such cash advances can help you avoid long-term debt ... Payday loans. They're a constant source of debate - standing firm on one side of the issue are consumer groups that feel as though the escalating interest rates on such loans simply add to one's financial doldrums. Others, however, see cash loans [http://www.paydayloantimes.com/cash-loans] as helpful resources for getting out of debt in a hurry.

What are the pros and cons of these options? We're so glad you asked ...

- CONS: The APR on a payday loan can be in the triple digits. High...
[ Read Article ]
 

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In the News
Pay Day Loans Firm Wonga Sets Its Sights On Small Businesses
Controversial pay day loans company Wonga is targeting Britain's small business with the launch of a new service to give companies "an instant cash flow... Read More ...

Amigo Loans and the dangers of being a guarantor
A new loan company is offering loans without credit checks or fees. The catch? You need to persuade someone who owns their own home to guarantee it. Read More ...

Broke 20-Somethings Are Living Off Payday Loans, Check Cashing And Prepaid Debit Cards
Payday loans, check cashing and prepaid debit cards have found a new customer in the cash-strapped twentysomething. Read More ...

 

 

 
 
 

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