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Russia’s Overdue Payday Loan Portfolio H

[ad_1] The number of overdue payday loans in Russia hit a record high of 5.4 million in February, according to consumer credit ratings agency Equifax. In total, Russians owe 172 billion rubles ($2.2 billion) to microfinance organizations — ultra short-term loans which typically come with high interest rates and are designed to tide over borrowers […]

How to Get Out of Payday Loan Debt Now

[ad_1] The key is to shop around and find a loan at the most affordable rate and with the most favorable possible terms. If you’re able to get a personal loan, you can significantly reduce the interest rate and borrowing costs you pay compared with payday loans. More of your money will go towards paying […]

Afterpay-Westpac ‘Retro’ painted with pa

[ad_1] Afterpay’s new ‘Retro’ feature retroactively divides a payment into four instalments, which critics say is no better than a payday loan or wage advance. Announced on Wednesday and scheduled for launch next month, Afterpay’s collaboration with Westpac retroactively divides a payment into four instalments, based off a transaction in the past 72 hours. The […]

Best Online Payday Loan Companies for In...

[ad_1] Financial hitches seem to always creep up on you when your cash flow is less than favorable. So much so that it’s almost like they can sense dwindling savings. Thankfully, online payday loan companies can cover you during those emergencies. They do this by giving you the financial float you need before getting your […]

State law causing payday loan stores to ...

[ad_1] “Out of Business.” That sign is nothing new the past 18 months. Thanks to the coronavirus pandemic, sales for many merchants dried up, doors were shut, and employees were let go. But all across Illinois, a state law passed earlier this year has led hundreds of certain types of stores to close, including at […]

What Is a Payday Loan?

[ad_1] Payday loans provide a quick influx of cash, but should be considered last resort options. You could pay interest rates that equate to 400% APR or more with payday loans.  Alternatives include local nonprofits, churches, family members, and personal loans. Read more of Personal Finance Insider’s loan coverage here. Payday loans are advertised as […]

93% of payday loan borrowers regret taki...

[ad_1] article Payday loans can be a debt trap for borrowers who can’t afford to make payments. Here’s how you can repay your payday loan balance before it’s sent to debt collectors. (iStock) Payday lenders prey on borrowers with bad credit who desperately need money, trapping them in a cycle of high-interest debt that’s difficult […]

Are you able to get a loan with bad cred...

Even if you’ve got bad credit, there are ways to qualify for loans. It may be difficult to obtain the loan you require with acceptable terms when you’re not a credit score holder. It can feel as if all the world is against you. But, there is hope. There’s a chance to borrow money with poor credit. Strategies […]