Tiny Loans, Big Costs: Pitfalls of Payday Advances

Tiny Loans, Big Costs: Pitfalls of Payday Advances

Barbara O’Neill, Ph.D., CFP® Extension Professional in Financial Site Management Rutgers Cooperative Extension

Wish to have a tiny action toward improving your funds? Avoid payday loans!

Pay day loans are single-payment, short-term loans which are manufactured in return for delayed deposit (typically within fourteen days) of a borrower’s postdated check that is personali.e., a talk to the next date about it). Continue reading “Tiny Loans, Big Costs: Pitfalls of Payday Advances”