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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 […]

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 […]

Survey: 90% of borrowers regret taking o...

[ad_1] DebtHammer.org findings show 80% say their short-term loan worsened their financial situation instead of helping Low-income households see saving as impossible, but with the right strategy, it’s possible to build an emergency fund that can ward off the need for payday loans.” — Dr. Robert H. Scott III, Monmouth University Professor AUSTIN, TEXAS, USA, […]

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 […]

Reasons Why You Might Need to Apply for ...

[ad_1] There are many reasons why a person might need to apply for a payday loan. Payday loans, or short-term loans, are easily accessible loans that don’t require a particularly high credit score to be taken out. If approved, they can be paid out in hours. They are a favourite among borrowers, because of their […]