Payday Loans
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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.
4 Ways Predatory Lending Negatively Affects Employee Engagement
December 8, 2020
Predatory lenders use unfair and deceptive practices that mislead people into taking out loans that aren’t in their best interest. A common [...]
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Predatory Lending: Where Employees Turn When They Have High Debt and No Savings
September 15, 2020
Every year, roughly 12 million Americans take payday loans out, which is the worst predatory lending practice. This type of loan is typically for [...]
Read more Predatory Lending: Where Employees Turn When They Have High Debt and No Savings
Loans with No Credit Check: Harmful or Helpful?
August 6, 2020
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
May 12, 2020
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
February 25, 2020
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
December 20, 2019
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?
December 2, 2019
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
July 10, 2019
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
April 17, 2019
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
April 5, 2019
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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