While advocates of payday advances state they grant loan use of individuals with bad or no credit, experts state these “short term” loans unfairly target minority populations and trap individuals into long debt rounds.
What’s the truth? Here’s a breakdown to assist you evauluate things on your own. Some pros and cons of payday loans, and some responsible alternatives to payday lending in this article, we’ll explore what a payday loan is and how it works, differences from state to state. Continue reading “The Benefits And Drawbacks of Payday Advances”