Payday Loans

Should saving still be a priority if I have debt?

Which should you do first: build your emergency savings fund or pay down debt? Right now… 56% of Americans are living paycheck to paycheck 70% of Millennials specifically are living paycheck to paycheck (more than any other generation!) 69% of adults have less than $1,000 in their savings account Average American debt stands at $6,270 …

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What Does Financial Freedom Mean to You?

We talk a lot about financial freedom over here in the office… What does financial freedom really mean? How do you know you’ve achieved financial freedom? What does it take to feel financially free? How different would your life look if/when you achieve financial freedom? Generally, financial freedom is understood as being able to live …

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Which is Better: Early Wage Access or Small-Dollar Loan Program?

I’d argue the worst possible way to get a loan is through a payday lender. Would you agree?  If you have used a payday lender before, you know what it feels like to feel so strapped for cash that you have nowhere else to go. After all, common problems experienced with payday loans are: Absurdly …

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Predatory Lending: Where Employees Turn When They Have High Debt and No Savings

Every year, roughly 12 million Americans take payday loans out, which is the worst predatory lending practice. This type of loan is typically for a small amount, but a borrower needs to write a post-dated check for the full amount including any interest or fees. Should the loan not be repaid on time, the predatory …

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The Difference Between Employer-Sponsored Personal Loans and Earned Income Advances

  As the economic crisis continues to grow, more Americans are experiencing an overwhelming sense of financial stress and despair.  Millions of people across the country have endured lay-offs, furloughs, or reduced working hours leaving them in a financial pinch.  Gaining access to funds to help pay medical bills, rent, or even an unexpected car …

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How The New Changes to FICO Can Impact Your Financial Future

Recent changes to the FICO score, the most widely used credit score in the world, are likely to affect the score of millions of consumers, and even their ability to access a loan in the upcoming year. Why should you care about the new changes? Your credit score builds your credibility with lenders, and therefore …

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