Your credit will take a dip and suffer in the short - term, but once you get out of payday loan debt — you will be free of the seemingly
endless payday loan cycle.
If you're facing an emergency and want to avoid
the payday loan cycle, here are alternatives you can use to get the money you need.
We can educate everyone about the dangers of payday loans, and provide education about how to break
the payday loan cycle.
We specialize in stopping online payday lenders automatic debits from consumers checking accounts, and allow real - time relief to middle - class Americans who are burdened with
the payday loan cycle.
This is to help break
the payday loan cycle of someone trying to repay a payday loan with a payday loan from another payday loan lender.
If you're stuck in
the payday loan cycle, we can provide you with real - time relief.
It's time to end
the payday loan cycle today.
Creating a budget based on your particular level of income is one of the very first things we do with our clients to help them get out of
the payday loan cycle.
If the borrower doesn't have enough in their account to cover the check,
the payday loan cycle begins.
Staying out of
the payday loan cycle will save you a lot of money in the long run.
It's important to avoid becoming trapped in
a payday loan cycle in which you often use loans on a regular basis or take out a new loan to pay off previous loans.
Doing so will begin
the payday loan cycle and increase the cost and the time to pay off the loan.
In fact, a study of those who we have helped break
the payday loan cycle proved just that.
It isn't a revolving debt — though some who get caught up in
the payday loan cycle make it seem that way — and it isn't an installment debt.
The customer service approach used by payday loan lenders lessens the negativity they would otherwise feel and makes it easier to fall into the trap of
the payday loan cycle because they continue to be welcomed with open arms.
While we know from experience that many people we see are stuck in
the payday loan cycle, the conversation turned to why this might be true.
I started getting into
the payday loan cycle in September and by early December I was in way over my head.