Are people seeking out fast cash advance loans online because they are unaware of other types of money options? A recently published article suggested it was a cause for short-term loan overuse. If you look at debt problems throughout households across the county, it seems obvious that folks are well-aware of other money opportunities and find additional alternative measures to gain cash when they seek out a direct lender. Most direct lender customers are already credit challenged due to over use or mismanagement of credit cards or bank loans. I can’t … Continue reading →
Debt traps are most often related to an online cash advance loan that have short-term payment expectations. When the balance is left unpaid and interest charges begin to accrue, a debtor will begin to feel the effects on their monthly income. It isn’t just the short-term loans which contribute to debt traps. Interest on any type of loan or credit opportunity can and will cause budget problems if not handled correctly, especially with on-time payments. A cash advance loan carries high interest from the start. The high interest of a direct cash advance loan … Continue reading →
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