Payday Loans
TrueConnect Insights
Here, you’ll find blog posts crafted to help you understand the advantages of partnering with TrueConnect, tips and tricks on business best practices and current events in the financial benefits industry. Browse through our Insights by clicking the posts below.
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 [...]
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Loans with No Credit Check: Harmful or Helpful?
Credit in the United States is integral to the development of the consumer economy. Put simply, credit allows you to borrow money or [...]
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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 [...]
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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 [...]
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How to Identify and Avoid Predatory Lenders
A predatory lender is one who lends money – often referred to as a payday loan – with the intention of profiting from the loan and ignores or [...]
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Should You Consolidate Debt with an Unsecured Loan?
Debt consolidation provides a means for rolling multiple debts with high interest, such as credit cards, into a single payment. When done [...]
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The New Generation of Payday Loans
Around 12 million employees take out a payday loan each year. The average annual salary of these employees is $30,000. With these statistics in [...]
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What Allotment Loans Mean for Government Employees
Allotment loans provide an option for federal government employees who have bad credit to get a loan with favorable terms. There are two types of [...]
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Microloans: Why You Should Provide them to Employees
Everyone knows that business owners have many roles, but most people don’t realize one of them is being a lender. Sometimes employees might be [...]
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How to Help Employees Avoid Loan Sharks
A loan shark is a person or company that lends people money and charges upfront fees and a high interest rate on very short-term, small loans. [...]
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