Posts tagged as:

payday loan

Avoid Payday Loans

by Moneyproblems TipsWed Jun 02, 2010 Budgeting

Today’s tip is very simple: avoid payday loans.
A payday loan is a short term loan.  For example, you need to pay your rent today, but you don’t get paid until next Friday.  The payday lender lends you the money to pay your rent today, and you pay them from your paycheque next Friday.  Great.
The problem [...]

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Pay Day Loans are Not the Solution to Your Money Problems

by Moneyproblems TipsFri Feb 05, 2010 Money Saving Tips

Today’s Tip Courtesy of Norma Yau, bankruptcy trustee
Pay day loans may appear to be a quick and convenient way to get the cash you need to carry you through to your next paycheque, but don’t be tempted. Compared to all other forms of borrowing, like bank loans, lines of credit, and even credit cards, payday [...]

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